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While hard to measure, using risk as a competitive advantage continues to swirl within risk management circles. Every industry today is facing some disruptive force from digital transformation or the “new economy”—whether it is a “born in the cloud” digital entry into their market or a digitally-driven shift in products or services. As such, organizations must take risks on new business opportunities and models—especially when it comes to digital initiatives. Today’s market is not for the faint hearted and therefore, taking risks is part of the game.
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