Enhancing Integrated Risk Management Solutions With Modern Technologies
                     ENHANCING 
INTEGRATED 
RISK 
MANAGEMENT 
SOLUTIONS WITH 
MODERN 
TECHNOLOGIES
 ARTIFICIAL INTELLIGENCE 
 One of the leading publications knows as the IDC predicts that 
by 2024, integrated risk management tools powered by 
AI would help organizations save time in responding to 
customers, stakeholders, partners, and competitors by making 
it 50 times faster than what it was earlier. Now the 
organization will always be prepared with an answer no 
matter what situations unfold. 
• Control risk: When IRM will be integrated with AI, 
organizations will always be prepared for any time of risk. Any 
changes in the internal and external environment will give rise 
to new challenges. This will be mitigated with AI since the AI-
powered IRM will identify new risk or recommend your ways 
in which you can tackle the existing risk. This will boost the 
effectiveness of the organization 
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• No server failure: When you have AI as 
your support system then AI can predict that 
if your server is at risk.  Having this 
knowledge could save your organization from 
a server failure. Since earlier there would be a 
tool that would predict this. 
• The social media impact: Oftentimes 
organizations post something that could hurt 
the sentiment of their customers, with the help 
of AI there would be no such issue, as the 
system will predict what should you post, so 
that reputation of your company doesn’t suffer.
3
 BLOCKCHAIN 
The pandemic has changed the course of business and a lot of business 
owners have suffered its consequence. Several business owners went out of 
business since they could not honor client commitments. Small scale 
vendors were charged high fees for bidding a contract and hence they 
removed themselves from participating in large contracts. 
Such can kind of issue can be mitigated with the help of blockchain. when 
IRM will be integrated with blockchain transactions will be easy and 
smooth. Let’s say you are offering bulk products for sale to another vendor. 
As soon as all the contracts are signed by the purchasing vendor and the 
money is released, a product release message will be sent to the vendor. 
Such automation can only be possible with the help of Blockchain. 
4
ROBOTIC PROCESS 
When IRM will be backed by robotic automation 
then operations like internal audit, metric 
analysis, and control testing will be done 
seamlessly.  This help organizations reduce 
onshore cost by 40 % and offshore to 30 % 
aligned with inventory recovery within 6 months 
5
THANKYOU
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