Clouds and Consolidation: The Future of Risk Analysis

May 30, 2015 Off By David
Object Storage

Grazed from Ventiv.  Author: Angus Rhodes.

To respond to changes in data storage and growing financial complexity, risk managers are increasingly turning to software. Good programs can automatically monitor company operations, assess threats, and make suggestions for improvements at all hours. The future of risk analysis lies in programs that consolidate large amounts of data and manage the risks of cloud computing.

Accelerating Automation

Companies are increasingly adopting automated risk management products to save money and improve results. Automated risk software requires few workers to operate, reducing job demand and associated payroll costs. It can monitor risks continuously, provide quick reports to management, takes regular records, and guards against after-the-fact data manipulation…


De-fragmentating the Data

The growing complexity of the financial services industry presents a major risk management challenge. Banks and businesses continuously create new investment products, each of which comes with a new set of regulatory issues. To understand these products and keep clients’ data safe, asset management firms have had to adopt a wide range of new technologies, many of which evaluate only one type of investment. The more of these technologies businesses have to adopt, the harder it is to keep track of all of their clients’ investments, increasing the risk of data theft and lowering business efficiency…

Read more from the source @ http://blog.ventivtech.com/blog/clouds-and-consolidation-the-future-of-risk-analysis