The Dark Side of Quantitative Risk Analysis: Understanding its Limitations
The Importance of Quantitative Risk Analysis In today’s fast-paced business environment, organizations face numerous risks that can impact their operations, finances, and reputation. To mitigate these risks, companies rely on quantitative risk analysis, a methodology that uses numerical data and statistical models to assess and manage potential threats. According to a survey by the Society of Actuaries, 71% of organizations use quantitative risk analysis to inform their risk management decisions. ...