Globalization trends and the rapid pace of technological innovations have introduced
unprecedented change and uncertainty. For unprepared businesses the drivers of the Fourth
Industrial Revolution will become a constant source of surprise and crises will unfold at an
ever-increasing rate. To thrive under these conditions companies must adopt new risk
management technologies and practices that enable business leaders to better anticipate and
adjust to changing dynamics.This book helps readers understand how algorithm-based predictive
and prescriptive analytics principles can be used to control risk in today's dynamic business
environment. It serves as a reference guide for business leaders and risk management
practitioners of companies that are global in reach or operate dynamically complex systems.
Using the technological and scientific innovations presented in this book business leaders can
gain a wider understanding of risk and prescriptively determine which actions are necessary to
ensure the business is optimally positioned to meet its stated long-term goals and
objectives.Case studies show how the presented methods can be practically applied to
preemptively expose risks and support decisions to optimize transform or disrupt current
business models strategies organizational structure and information systems when necessary to
maintain a market position or outperform competitors.These methods have been proven through
hundreds of client cases. By using mathematical emulation to link business risks to strategic
imperatives it becomes possible to achieve a higher annual profit margin and better growth. As
we enter the Fourth Industrial Revolution companies that are able to expose risks caused by
dynamic complexity and maintain the alignment between the goals of the business and operational
execution will be better prepared to make the shifts necessary for long-term success and keep
the business moving toward its goals.
