Security News > 2021 > August > Risk officers and board members don't agree on use of tech and data in business
Survey by EY finds that board members are interested in spending more money on technology and data analytics for risk management.
TechRepublic's Karen Roby spoke with Tonny Dekker, global enterprise risk consulting leader at EY, about how boards feel about investing in technology for risk management.
We expect that most would say, "Yes, technology and data has become more important." What came out, because we did parallel to that interviews with chief risk officers, and we saw that there is a gap between what boards are thinking and finding about the risk management function and what they would expect and what chief risk officers expect.
It's not enough to just express, "I expect more," but board members start to feel the responsibility that they can through the budget process for the year, enforce that more investments is being done in technology and in data analytics and in the skills, that are needed for that in the functions, and that was quite for me, surprisingly positive, that awareness is much more there, but more is needed, obviously.
Tonny Dekker: I think what the survey clearly shows is that board members feel much more responsible for risk management than ever before.
Each board member should create awareness within the board about the responsibility of technology and usage of data.