Analytics opens a new avenue of opportunities for enterprise risk management
Risk management professionals are equipping themselves with digital skills such as Hadoop, python etc. to efficiently curb new age enterprise risks like credit, budget, data and assets. Organizations are recognizing the value of reskilling in risk management and are building training frameworks for career progression in this rapidly advancing digital space.
Organizations are building new-age skill frameworks with big data and Hadoop skills for their credit risk managers to identify complex risk patterns and make more accurate prediction of losses. Actuaries are reskilling themselves in machine learning and data science to capitalize on the wide array of opportunities in insurance and technology firms.