An automated risk management system as a step towards digitalization of decision making

Automation of risk management helps companies get more accurate, structured and accessible data for their operations. This leads to implementing of data-driven decision making (DDDM). Due to the implementation of DDDM, interaction between risk management participants has been automated. The automation of risk management has simplified data incoming so that managers can have accurate and updated data whenever they need so they can prevent risks, report them as soon as they arise and manage them.