India Inc banks on tech to manage risk: Survey

Indian businesses are increasingly keeping pace with digital transformations in the risk management space, a survey conducted by global audit and consulting major PwC has showed.

Nearly 80% of leading business executives who participated in the survey said they are proactively using tech in risk management side.

Also, six out of every 10 executives surveyed felt the need to seek external insights to assess and monitor risks more proactively.


"Organisational risk management and broader resilience capabilities need to quickly adapt to support business agility and contribute proactive, robust and timely risk insights for decision making," said Sivarama Krishnan, risk consulting leader at PwC India. "Informed by a panoramic view of emerging risks, business leaders can make confident decisions in pursuit of their strategy,"

The survey covered 109 participants - 72% of them were business executives and the rest were from risk management and audit side.