Has the pandemic increased or decreased the business’s appetite for risk?

I think it's decreased the risk appetite a little bit, but it's also increased the awareness of how technology, appropriately applied, can manage a risk portfolio for a company. If you go back 18 months, there are companies out there who would not have had a business continuity plan or considered remote working that are now working from home.

Anonymous Author
I think it's decreased the risk appetite a little bit, but it's also increased the awareness of how technology, appropriately applied, can manage a risk portfolio for a company. If you go back 18 months, there are companies out there who would not have had a business continuity plan or considered remote working that are now working from home.
1 upvotes
Anonymous Author
I like Anthony's comment here. I see a slight modification in how risk is classified. Historically risk associated with forward movement in technology adoption was given arbitrary values and painted one color across the IT portfolio. I think the pandemic has changed the palette now so that more companies see technology change not as simple risk but rather as enablers to avoid risk.
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Anonymous Author
My business is generally pretty risk averse. The pandemic didn’t change the risk appetite as much as it highlighted a different way in which we had to do business to be successful. Some of the choices we made were driven by current climate and were perhaps more risky given those current conditions.
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