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Risk Management
Enterprise Risk Management encompasses tools and processes that businesses use to identify, evaluate, and respond to risks and opportunities. These may include everything from physical risk (e.g. hurricane damage to an oil platform) to financial risk (e.g. a customer defaulting on a credit card) to the possibility that a new technology will cut production costs in half. By developing risk management strategies that effectively estimate costs, benefits and probabilities of those risks, businesses can make better decisions and increase value to their stakeholders.
Along with the inherent benefits associated with effective risk management, regulations like Basel II have imposed further risk management requirements on businesses. Companies and governmental organizations use MicroStrategy's Business Intelligence Platform to measure, manage and understand risk, satisfying the need to maximize value and satisfy regulatory requirements.
A successful risk management solution requires, at its foundation, an integrated enterprise data management architecture that:
- Provides a single version of the truth
- Enables organizations to correlate risk with an integrated view
- Offers a customer-centric approach
- Can perform advanced analytics on current and historical data
- Provides access to accurate, relevant and complete data at the right time
MicroStrategy’s highly scalable BI platform, single metadata, advanced analytics capabilities and easy-to-use zero-footprint web interface allow you to turn risks into opportunities, maximize profitability and satisfy regulatory requirements without worry.