RiskIQ was born out of the frustration that ‘risk management’ is often seen as a routine box-ticking exercise, with a bias towards downside risk. The taking of calculated risks in pursuit of better outcomes is too often considered a secondary objective at best, if at all.
In many cases risk has become all about a register that is disconnected from the realities of day-to-day business, paradoxically exposing it to even greater vulnerability.
In the law enforcement and regulatory sectors, intelligence is defined as information + action. Even best practice risk management tends to focus on information, not action. Our mission is to use data science to not only deliver quantitative analysis that leads to greater clarity, but to free up time to focus on action rather than passive reporting. We call this outcome the ‘Risks That Matter’: we don’t want to register risk, we want to exploit it.