Gartner says enterprise risk management teams should use AI to generate new risk insights. They should also make risk insights more timely and quantify selected risks. AI can uncover fraud patterns and control effectiveness from large datasets quickly. Quarterly reporting remains important but may not be timely enough for changing risk conditions. ERM teams should connect risk indicators with business performance data for real-time updates. Quantifying risks in monetary terms helps executives compare exposures and evaluate investments. ERM leaders should start with one practical improvement rather than a full transformation. The advice was presented at the Gartner Enterprise Risk, Audit & Compliance Conference in London.
What changed
Risk reporting was often repetitive, slow or subjective.
What it unlocks
Detecting trends, uncovering risk dependencies and recommending risk responses in risk reporting.
- 100,000 records analyzed in 20 seconds
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