In this digital revolution, executives driving a thoughtful innovation investment strategy have their work cut out for them. They must control and monitor a complex technology environment comprised of powerful applications, interfaces and processes that are increasingly being automated. Consequently, questions on how to manage the inherent risk in technology and automation are now at the forefront for executives from risk officers, compliance officers and controller groups to privacy officers and internal and external auditors. But the array of possible automation approaches raises challenging questions: What is the best option to pursue? How do you proceed? What if you are dabbling in bits of these? How do you connect the dots?
Automating intelligently to drive optimal ROI
Automation holds vast potential to increase efficiency and expand risk and controls coverage There are five key ways PwC is seeing organizations effectively leverage automation in governance, risk management, compliance and security as they move to a digital platform for the future:
Digital Risk Solutions, PwC US