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Jamie McDonnell

Recent Posts by Jamie McDonnell:

Risk management can’t afford to ignore the “data dividend”; get started with the Ventiv/Aon guide to making use of analytics in risk management

According to an Airmic report from summer 2017, “More than a third of risk managers (35%) say that their use of analytics tools today is limited, but within three years, more than half of risk managers (56%) expect to be using data analytics extensively in their roles.” Ventiv is committed to helping risk managers move from the status quo—limited use of analytics tools—into an analytics-centric future. That’s why we partnered with Aon Risk Solutions to produce a white paper called “Driving the Data Dividend. Making Use of Analytics in Risk Management.” Produced specially for Airmic members, we’re delighted to make this paper available to a wider audience.

Topics: risk management data management analytics

Breaking down barriers: What’s stopping risk managers from making use of data?

Risk managers cite a number of challenges in making use of data. We partnered with Airmic and Aon to research and address the challenges faced when managing data analytics in risk management.

Topics: risk management data data security and privacy data management Data Security analytics RiskConsole Advance

Excel spreadsheet vulnerability leads to KCC’s Grenfell Tower data protection verdict

We are in the final stages of counting down to the General Data Protection Regulation (GDPR), which officially comes into force on 25th May 2018. This means that these are the final weeks for businesses to assess, implement, and amend processes to sufficiently protect any data that is collected and stored before significant penalties come in for slack information protection practices.

Topics: gdpr

Risk management should support, not stifle, company culture

Each business has its own risk priorities. This could be anything from social media, cyber security and terrorism to internal strategies, new technology and competition. Some will be short term and others will focus on future planning.

Topics: risk management

2017 in review – ERM is on the rise, but there’s still room for improvement

As businesses start to implement their plans for a new year, we’ve taken a look back at 2017 to review how the handling and perception of risk management has changed. From our team’s vast experience of working with our clients and other organisations in the industry, we’ve found overall that there is a rise in the understanding, and use of formal risk practices. However, as always, there is still room for improvement. 

Topics: risk management RMIS ERM

The benefits of an RMIS when creating an ERM framework

Spreadsheets are great. However, they really don’t cut it when you are trying to develop a complex enterprise risk management (ERM) framework. Multiple formulas, lots of sheets/tabs, broken links, numerous people editing the same document, version control issues… The list of issues goes on.

Topics: enterprise risk management ERM