FINANCE-TV

24.09.12

Allan Russell, SAS Institute, on how to manage risk and make use of big data

“Executives today understand the risk their businesses are exposed to somewhat better than they did 20 years ago,” says Allan Russell of SAS Institute, “but they still need to understand it a lot better.” All too often, CFOs and CEOs are unaware of risks that are hidden in unfamiliar parts of an organisation or that are simply inherent in certain processes. At the same time, managers fail to make use of the huge amount of data their companies gather every day. Executives need to learn how to use business intelligence solutions to better understand the risks in their business, and to exploit the full potential of large data sets, commonly referred to as big data. Allan Russell has been working on these issues for more than 30 years and gives some first-hand insights into the latest developments on risk management and the proper use of big data.

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