Enterprise Risk Management

Visual Analytics Enhance Enterprise Risk Management

Enterprise risk management has become one of the most important aspects of corporate governance. In the wake of high-profile corporate finance scandals, increased governmental regulation and stricter management oversight from corporate boards, the enterprise must engage in stronger efforts to identify and manage risk. Financial and operational business intelligencef tools can provide assistance in this task, but choosing the right package can be challenging. The application must provide a comprehensive view of the organization, integrating data from multiple sources. It must allow decision-makers to access data quickly for the insights it holds, and manipulate it in real time in order to take swift action. Currently, many leading organizations worldwide are relying on visual analytics software from Spotfire for enterprise risk management assessment.

Spotfire® Analytics Provide Innovative Enterprise Risk Management Tools

Spotfire analytics software provides a visual approach to enterprise risk management. Spotfire integrates data from all parts of the organization to provide a single platform for company-wide assessment. Decision-makers can view data visually and interact with it in real time, allowing them to analyze threats and explore what-if scenarios. Because users can see data represented in a series of helpful multi-dimensional visualizations, they can more easily identify unexpected relationships and questionable patterns. With Spotfire, compliance managers can satisfy shareholders, regulators and senior management that the enterprise has systematized risk assessment with a proactive business intelligence reporting tool.

Guided Analytics Provides Greater Enterprise Risk Management

Spotfire offers a Guided Analytics™ functionality that allows companies to involve many employees across the organization in enterprise risk management activities. Guided Analytics allow expert users to easily guide novices through even complicated analytical procedures, so non-experts can expertly use data to assess risk. By putting risk management tools in the hands of many employees, the combined output from these users will deliver a greater return on investment and more importantly, provide greater protection for the enterprise.

Spotfire can also be deployed for a variety of other analytical tasks. Spotfire is currently used to improve semiconductor yield enhancement in manufacturing companies, to support cheminformatics in life sciences firms, to optimize security selection in investment companies and to enhance decision support system software in enterprises around the world.

For more information on enterprise risk management and Spotfire, click here.

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