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How Continuous Monitoring is Revolutionizing Risk Management

How Continuous Monitoring is Revolutionizing Risk Management

BitSight
Published by: Research Desk Released: Nov 14, 2018

In the past, the job of a risk analysis professional went a little like this: Spend the workday reviewing as much data as you can get your hands on. Analyze that data for common themes and ideas. Draw conclusions based on these ideas. Make or suggest decisions based on these conclusions.The data on these risk managers’ desks might have come in the form of monthly, quarterly, or annual reports. Depending on the risk category, perhaps they were financial reports, strategic analyses from major consulting firms, or manufacturing equipment inspection results. In each of these examples, data was aggregated over the long-term, analyzed using time-consuming processes, and deliberated over in order to reach decisions