Managing Risk in Uncertain Times with ITONICS Risk Radar

A risk defines a situation that, depending on the individual risk level, may occur with a certain probability influencing at least one target. Typical consequences include quantifiable loss, harm, danger, or any other negative event, usually resulting in a more or less serious damage (oftentimes of an economic nature). Risk triggers are usually internal or external vulnerabilities that could have been eliminated by preventive measures.

Companies and their leaders are trying to look ahead and constantly reframe their efforts towards risk mitigation.

ITONICS’ collaborative and digital software solutions help coordinate activities to manage risk areas within your corporate environment:

• Map dependencies to understand where disruptions might arise and impact your business.
• Spot emerging risk areas, blind spots, and opportunity spaces.
• Receive early warning signals on all potential risks so that you can take proactive measures. 
• Foster cross-industry collaborative participation and assessment.
• Make timely and informed business decisions.
• Minimize the impact or the likelihood of risks.
• Monitor the environment for changes that influence the nature and/or the impact of the risk.