Big Data, Climate Change And The Talent Gap: The Biggest Risks We Need To Prepare For Now

The world is changing. Now more than ever, individuals and companies alike are connecting across the globe, expanding their enterprises as well as opening themselves up to potential risk.

As technologies advance and transportation connects far off places — giving the world’s inhabitants even more access to one another — mitigation strategies to combat these interconnecting risks are also shifting.

Take the coronavirus pandemic as an example. Because of how the world is connected, what started as a localized outbreak in Wuhan, China spanned the globe in a matter of weeks, causing many businesses to shut their doors while countries worked to contain the global pandemic.

Social and news media covered the virus morning, noon and night. Employers scrambled to create business continuity plans as work-from-home and telecommuting became the sole drivers of business operations.

“What was once known as a human resources perk at U.S. firms has now become a critical link in the business continuity and resiliency chain; the ability to telecommute,” wrote Les Williams, CRO and co-founder of Risk Cooperative in a Risk & Insurance Risk Insider.