Williams identifies structural friction between risk functions operating in review cycles and technologies operating in real time.
“We have risk functions that operate in review cycles, but technologies and business processes that operate in real time.”
Williams argues technology now actively shapes how risk managers perceive and interpret risk, not just manage it.
“This is the critical shift: We are no longer simply using technology to manage riskâwe are using technology that is actively shaping how we perceive and interpret risk.”