{ "docId": "019dd923-5ca1-7489-b637-190789f4a77e", "docSlug": "8dedcf112b1c158c", "documentTitle": "Risk management in transformation", "authorId": "EY", "authorName": "EY", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 7, "pageCount": 42, "prevPage": 6, "nextPage": 8, "slideType": "key_takeaways", "function": "summarize", "density": "overcrowded", "nDataPoints": 0, "notes": "Part of a series of key takeaways from an EY/IIF survey.", "elementsJson": [ "big_number", "paragraph", "callout_box", "photo" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b637-190789f4a77e/7", "deckHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e", "deckJsonHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e#slide-7", "components": [ { "bbox": { "h": 0.166, "w": 0.252, "x": 0.065, "y": 0.562 }, "kind": "callout", "text": "Tech and talent top the investment agenda, but resources are tight.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "334da7f2-7d44-4927-a645-0aa89a6390e1", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "When it comes to the digitization of risk management, clearly there’s a great deal of work left to do.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-c23e-726c-a782-042c58efd55a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.508, "w": 0.158, "x": 0.774, "y": 0.165 }, "kind": "image", "text": null, "attrs": null, "subkind": "photo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cd5dfcb4-a454-48b4-be32-7cfe2ead877e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.358, "w": 0.24, "x": 0.3, "y": 0.562 }, "kind": "image", "text": null, "attrs": null, "subkind": "photo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ebd5f12d-9811-4fc5-bf5e-8196d4a15931", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.158, "x": 0.774, "y": 0.738 }, "kind": "paragraph", "text": "When it comes to the digitization of risk management, clearly there’s a great deal of work left to do.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "56615b0e-6bb3-4783-b700-e246286eb803", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.357, "x": 0.578, "y": 0.285 }, "kind": "paragraph", "text": "CROs, like their peers in other functions, are looking to advanced technology to identify and manage risks more effectively and run their operations more efficiently. They are moving to automate controls and devise forward-looking risk technology strategies. But our results suggest that many firms could move more quickly and boldly, though limited budgets are a significant constraint. When it comes to the digitization of risk management, clearly there’s a great deal of work left to do.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aaecac1b-1a6d-4c24-8761-dd6d7a68ce7f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.357, "x": 0.578, "y": 0.48 }, "kind": "paragraph", "text": "Again, CROs understand the importance of tech and talent to overall business transformation, even as they see the need to expand and accelerate technology deployments and enrich the skill sets within their own functions. The way forward is to link tech and talent investments to establish human-in-the-loop processes that combine the best of skilled judgment with raw computing power.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c8dfb577-e9c9-4511-8fc6-0bdc4f0883fb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.357, "x": 0.578, "y": 0.165 }, "kind": "paragraph", "text": "Proliferating and evolving risks necessitate significant investments in technology and talent, as our results show. 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