External risks arise largely outside a company’s control. Rapid changes in technology, globalization and increased competition make it difficult for companies to effectively monitor, measure and mitigate the forever growing number of risks. A company’s ability to anticipate opportunities and effectively respond to risk is critical for an organizations survival.
External risks cannot be managed through a rule-based system. Nowigence helps companies identify and measure risks and opportunities and to improve their ability to mitigate risk should they occur.
- Helps companies avoid the problem of not recognizing risks and opportunities soon enough
- Provides relevant data for continuously evaluating business strategy
- Helps companies not only identify risk and opportunities, but also assess their potential impact
- Reduces organizational bias when discussing risk and opportunities
- Helps improve the number of successful initiatives
“I like the Pulse Alerts and enjoy reading your comments about various future scenarios”
“This keeps us prepared; sales part is good and can be taken as talking points for further actions”
“The future trends have come out well”