Big Data Analytics and Operational Risk

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Questions and Answers

What impact can changes in analytics capabilities with respect to big data have on enterprises?

  • Introduce technical and operational risk (correct)
  • Reduce the need for centralized data storage
  • Improve regulatory compliance
  • Decrease competitive advantages

Why should managers of technical and operational risk consider certain data elements to be centralized?

  • To limit access to the data
  • To decrease the need for data analysis
  • To increase technical risk
  • To comply with regulatory or contractual requirements (correct)

How can centralization of data elements contribute to technical risk?

  • By reducing the need for data analysis
  • By compounding technical risk (correct)
  • By decreasing the complexity of data storage
  • By improving regulatory compliance

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