According to KPMG's new "Future of Risk" report, executives increasingly see AI adoption as a critical new capability for improving risk management.
"Effective data analytics transforms increasing amounts of raw data into actionable insights, with AI, [generative] AI and ML enhancing the ability to filter through data, spot trends and suggest solutions," the report reads. In a survey of 400 executives, 61% of respondents said they expected the level of risk for which they are responsible to increase over the next three years. Of 16 options, AI and generative AI were chosen as the most essential technologies for managing these additional responsibilities. Respondents also reported AI solutions would receive the greatest level of investment in the next three to five years.
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