Risk management is one of two areas where spending is projected to increase in sell-side firms where spending across the board is being cut. This trend shows the importance being placed on risk management.
“In order to gain improved risk management, sell-side firms need to simultaneously overcome numerous obstacles such as cultural shifts, process improvements, complex technical upgrades and “data fluency” challenges to achieve more broadly distributed risk discovery and monitoring capabilities”
Visual analytics is a necessity in regards to risk management says a report commissioned by SAS a business analytics firm. Since the market landscape is constantly changing new risks are always being discovered. Because of this Sell-side firms need to be diligent in identifying, measuring, and managing these risks.