Indian economy better at using risk: BT study

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

Indian economy better at using risk: BT study

India is also likely to be investing in risk management strategies and systems than in the US and Europe

DQC News Bureau

Tuesday, June 17, 2008

Email This

Print This

Comments

RSS

BANGALORE, INDIA: The Indian economy has overtaken developed markets when it comes to capitalizing on the benefits of risk management, says a study by BT Global Services.

According to a release by BT, 90 per cent of Indian enterprises see risk management as a means of increasing competitive advantage in comparison to just 44 per cent of developed economies, and 85 per cent also think that risk encourages innovation and creativity compared to 43 per cent in developed economies.

India is also significantly more likely to be investing heavily in risk management strategies and systems than their counterparts in the US and Europe (54 per cent of developing economies to 36 per cent of developed).

India has acted on this by being more likely to have a board-level corporate security officer (CSO) or corporate risk officer (CRO), more likely to view this as a valued investment and twice as likely to have a risk-management strategy for global risks.

The results suggest that developing countries, contrary to accepted wisdom, are increasingly looking to become the prime movers in establishing international collaboration initiatives.

BT-commissioned datamonitor will undertake the study of 2,000 senior executives in the US, UK, France, Germany, Spain, Sweden, Brazil, China, India and South Africa.

The vast majority of businesses in India (96 per cent) see international collaboration, either intra- or inter-company, as being vital to the success of their business in the future.

Sudhir Narang, MD, BT India said, "Developed markets have been wary of risks associated with aggressive economic growth. Our evidence suggests that developing countries, fully committed to international collaboration, now boast risk management strategies that surpass even 'Western' standards and can be trusted to support innovation and creativity."

Would you like to on this article?

Be first to comment on this article

Name
Email
Your reply

Obama visit arouses mistrust among China netizens

I have never used Twitter: Obama

Satyam rejects Rs 1230-cr claims from 37 firms

Is China speaking English to beat Indian IT?

Intuit Money Manager set to make India debut

NIIT Technologies high on 'Cloud'

HCL Tech, Savvion announce global alliance

HCL in tie up with Equitable Life

India to benefit from China's rise in outsourcing

'Introduce courses on cyber security in schools'

	Stop squeezing the data. Use ILM!
	Carry your Dream, Convey your Value with ZTE
	A fault tolerant server to reduce your TCO

	A must attend event for IT Professionals
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!