Empowering ERM Programs with Advanced Analytics

Today’s federal leaders are stewards of vast amounts of data generated from millions of daily transactions that result in billions of lines of information. Within this repository of data reside clues that, when linked to key risk indicator data generated through an ERM program, can provide leadership and business process owners with risk-intelligent information to achieve desired performance outcomes. Insights generated from a data analytics capability informed by ERM program data amplify the success of risk-enabled performance management to yield a higher likelihood of achieving strategic goals and mission objectives.

The ERM programs of tomorrow are beginning to recognize this opportunity and view risk data analytics as a “must have.” These analytics can provide agencies with the capability to efficiently manage, join and analyze the large data sets generated by federal agencies to identify predictive patterns and trends that cannot be efficiently discerned through the limited data insights generated from manual processes and limited tools.