IDC has highlighted its top 10 predictions for chief risk officers. The top 10 predictions are:
* The cost associated with risk technologies and operations across the global financial markets continue to accelerate, topping over $100-billion dollars in 2013;
* Without an effective enterprise finance and risk data strategy, regulatory compliance will have a material impact on industry profitability potentially by one-third, by 2015;
* Upgrades to energy trading and risk management will be driven by changing compliance and logistics requirements;
* Utility CIOs’ security practices in 2013 and beyond will centre on risk management;
* The leading risk challenge in federal government projects is effective and efficient deployment of technologies and IT services. Managing federal government mobile risk will mean balancing multiple elements of device security – enterprise standards will evolve in 2013;
* Resiliency will become a priority for manufacturers looking to master the “massive multi-dimensionality” of their global supply chains;
* Through the lens of risk management, global trade management and import/export capabilities will drive investment priorities;
* Leading retailers in 2013 will manage risk with big data analytics, begrudged PCI compliance and a merchant bill of rights;
* Digitisation in the form of connected health, EMR, accountable care, and personalised medicine push breach economics to the edge; and
* Economic risk impact of medical identity theft to crest at $60-billion for patients, providers and payers, while the health risk impact will be impossible to measure.
* The cost associated with risk technologies and operations across the global financial markets continue to accelerate, topping over $100-billion dollars in 2013;
* Without an effective enterprise finance and risk data strategy, regulatory compliance will have a material impact on industry profitability potentially by one-third, by 2015;
* Upgrades to energy trading and risk management will be driven by changing compliance and logistics requirements;
* Utility CIOs’ security practices in 2013 and beyond will centre on risk management;
* The leading risk challenge in federal government projects is effective and efficient deployment of technologies and IT services. Managing federal government mobile risk will mean balancing multiple elements of device security – enterprise standards will evolve in 2013;
* Resiliency will become a priority for manufacturers looking to master the “massive multi-dimensionality” of their global supply chains;
* Through the lens of risk management, global trade management and import/export capabilities will drive investment priorities;
* Leading retailers in 2013 will manage risk with big data analytics, begrudged PCI compliance and a merchant bill of rights;
* Digitisation in the form of connected health, EMR, accountable care, and personalised medicine push breach economics to the edge; and
* Economic risk impact of medical identity theft to crest at $60-billion for patients, providers and payers, while the health risk impact will be impossible to measure.