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Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & RiskManagement. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. Listening time: 12 minutes.
While data tends to be used in tactical-operational areas such as HR reporting and controlling, there is still room for improvement in the strategic area of peopleanalytics. Solid reporting provides transparent, consistent and combined HR metrics essential for strategic planning, riskmanagement and the management of HR measures.
So, then we need systems, analysts, database administrators, people who can set in place, these types of backup systems for riskmanagement. In my company StatWeather we use this kind of data and data mining to forecast weather and climate patterns, which has been very successful.
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