OTS: PwC Germany / PwC study: Every second company wants risk management …

PwC study: Every second company wants risk management with AI

optimize

Düsseldorf (ots) –

– Cyber ​​risks (48%) and inflation (43%) are considered the biggest risks faced

Companies will see exposure over the next 12 months.

– For 64%, generative AI represents an opportunity for their own organization

34% again a risk.

– 85% of German companies are confident about growth and

harmonize risk management (globally 90%).

– 51% of respondents say that preparing for

Technology investments, from the cloud to new technologies such as

GenAI, the most important trigger for a company is its risk landscape

to check.

German companies see cyber risks in the next twelve months (48%)

as the biggest threat to their organization, followed by inflation (43%),

digital and technological risks as well as geopolitical conflicts

41 percent each. At the same time, 64 percent of German companies see this

Generative AI as an opportunity for your own organization. 50 percent of those surveyed

want to work in artificial intelligence, machine in the next one to three years

Invest in learning and automation to manage risk. These are them

Results of the “Global Risk Survey 2023” by the auditing and

Consulting company PwC, for which 3,910 managers worldwide

various corporate areas such as risk management, finance, IT, operations

and Internal Audit were surveyed – around 270 of them from Germany.

Using risks as opportunities: Confidence among CEOs in Germany

Despite economically uncertain times and constant change, Germans see

Companies take risks not only as a threat, but also as an opportunity

Transformation, resilience and growth. “Companies can no longer afford it

afford to rely on a reactive approach that focuses first and foremost

focused on avoiding risks,” says Robert Paffen, Leader Risk

& Regulatory at PwC Germany, the results.

Managers in Germany are facing current challenges

more confident than survey participants from other countries. They evaluate something like this

the switch to renewable energies (58% vs. 53%)

Customer demand and preferences (54% vs. 46%) and new requirements

Workforce and skills (52% vs. 41%) as an opportunity rather than an opportunity

Risk.

Resilience and technology as drivers of risk management

A possible reason for the confidence: every second company (49%) has in

over the past twelve months in building a resilience team

Members from the areas of business continuity, cyber, crisis and

risk management and a third plan to do so in the next twelve

months to do. The measures are already showing positive effects

Collaboration within the organization.

They are also increasingly relying on technology and data analysis to reduce risk

steer. The majority (76%) use cyber security tools to contain IT

and cyber risks, while 55 percent use AI and machine learning

use automated risk assessment and response. According to the study

Companies review their risk landscape, especially when

Technology investments (51%) are pending, when introducing new products and

Services (48%) as well as in the development of corporate strategy and

with regular checks (43% each).

“The study shows that companies in Germany are able to take risks

Transform opportunities using, among other things, technology and data analytics

insert. Successful companies will not only face challenges in the future

but also have to actively look for ways to avoid risks

to take a calculated approach and take advantage of market opportunities,” says Marc Billeb, Leader Risk

& Regulatory, PwC Germany.

Closing the gap

While most companies have the ambition to be one stronger

There is a technology-based approach to risk management

Significant gap in skills and implementation: Only one in ten

Companies (10%) worldwide are already using this as part of their risk management

State-of-the-art technologies and advanced analysis methods or models

Risk prediction and continuously optimizes it. Many companies

are still in the initial and development phase

Technology/data maturity. Only 14% explore, according to the overall global results

the use of technology and existing data for risk management or

have just begun. Less than a quarter (24%) of all respondents

uses basic technological solutions and data analysis techniques for

risk management, but states that this is not yet fully integrated

are. 24% have established IT solutions and data analysis tools, these being

but not yet fully optimized.

Further information at http://pwc.de/globalrisksurvey

About the survey: The PwC Global Risk Survey 2023 is based on 3,910 responses

from CEOs, board members and executives from the risk areas

Management, Finance, IT, Operations and Internal Audit from 67 countries that support us

their assessments of the status and direction of risk management

communicated to your company. The survey responses come from a

Variety of industries and different company sizes, with over one

Quarter of companies with sales of more than $5 billion

comes from. Around 270 participants from Germany were surveyed. The survey was

from PwC Research, the Global Center of Excellence for market research,

carried out.

About PwC: PwC sees it as its mission to ensure social trust

build and solve important problems. More than 364,000 employees in 151

Countries contribute to this with high-quality, industry-specific services

in the areas of auditing, tax and business consulting.

The term PwC refers to the PwC network and/or one or more

of legally independent network companies. Further details below

http://www.pwc.com/structure.

Press contact:

Annika Lux

PwC Marketing & Communications

Tel.: +49 160 98490345

Email: mailto:[email protected]

Further material: http://presseportal.de/pm/8664/5672134

OTS: PwC Germany

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