Piros Kouvelis

Big Data: The Next Frontier in Risk Management

Staci Warden, Eduardo Cabrera, Stuart Jones, Jr., Mark Rosenberg, Stephen Scott, Piros Kouvelis, Jackson Mueller

At the 2018 Milken Institute Global Conference, C-suite executives from Trend Micro, Sigma Ratings, GeoQuant, and Starling Trust Services convened to discuss strategies for reducing risk management costs by quantifying previously unmeasurable threats. These leaders detailed how artificial intelligence and non-traditional data sources are transforming cyber, political, and conduct risk assessments through automated "DNA" analysis, integrity ratings, and seismic political monitoring. The panel concluded that while regulatory gaps and privacy concerns currently hinder progress, the industry is rapidly moving toward hybrid machine-human models to replace subjective analysis and manage an exponentially growing threat landscape.