Risk Analytics

Narrative BI for Risk Analytics

Mitigate Risks with Predictive Analytics

Risk

Risk Business Intelligence

Automated Risk Analysis

Mitigate risks with predictive analytics from Narrative BI. Our platform analyzes risk factors, historical data, and market trends to identify potential threats. Use these insights to develop proactive risk management strategies and safeguard your business.

What is Risk Analytics?

Why is Risk Analytics Important?

Risk analytics involves identifying and assessing potential risks to your business by analyzing historical data, market trends, and other relevant factors. It includes evaluating financial, operational, and strategic risks to develop mitigation strategies.Risk analytics is important because it helps businesses proactively manage risks and avoid potential disruptions. By leveraging data insights, companies can develop effective risk management plans and ensure business continuity.

Risk Dashboards

Risk Insights

With Narrative BI, you can ask questions and get automated insights from your Risk data. Simply connect your Risk data source or upload a spreadsheet and get actionable insights in minutes.

Mitigate Risks with Predictive Analytics

Risk Data Analytics

Risk Analytics Best Practices

Effectively managing risk requires more than just analyzing current data; it involves anticipating future challenges. A best practice is to implement scenario planning, which involves simulating different risk scenarios to prepare for potential threats. This proactive approach strengthens your resilience and ensures you're ready for unexpected events.

Narrative BI leverages AI to automatically surface key patterns and unexpected findings in your Risk data, ensuring you don’t miss out on critical opportunities or hidden issues. By adopting these best practices, you can transform raw data into actionable insights that drive better business outcomes.

  • Leverage Risk data: You can find all the answers to your questions in the Risk data, and the best practitioners of Risk analytics use that data to identify trends and better understand patterns.
  • Use visualization tools: Visualizations such as charts and graphs are common in BI software, as they are essential for understanding data and making informed decisions. You can easily visualize your Risk data using the AI Chart Generator tool in AI Data Analyst.
  • Track KPIs: Tracking key performance indicators helps you measure your Risk performance and identify areas for improvement. Most successful businesses have adopted weekly/daily KPI summaries, comparing the latest metrics to those from the prior period. You can easily automate this process by using Narrative BI’s Tracking Tools.
  • Prioritize your goals: Not everything that can be measured should be measured. There are a lot of Risk data available for analysis, but you should start by identifying high-priority opportunities that can have an immediate impact on the business. You can specify your key metrics in the Narrative BI’s Reporting Tool.

Benefits of Risk Analytics

Risk Identification: Identify potential risks before they become critical issues.

Proactive Risk Management: Develop proactive risk management strategies to mitigate threats.

Improved Decision-Making: Make informed decisions by understanding risk factors.

Enhanced Business Continuity: Ensure business continuity by managing risks effectively.

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George Pohl

Narrative BI is well suited for SME's!

Narrative firstly is a great tool for beginners in marketing analytics - it allows all of our team - even non-technical / analytical get involved! As Mark Ritson said, 'The average is the enemy of the marketer' and Narrative helps us fight that battle every day. Instead of wading through averages, we can spot and evaluate the outliers, the true insights.
Arsen Avdalyan

Narrative BI helps me view and act on tons of customer data points easily.

There’s a lot of customer data in the internal analytics tools, but it’s not actionable for our product team. You have to spend a lot of time to detect unexpected user behavior. Narrative BI helps me understand our users better and now it’s easier to decide which features we should optimize next.
Curt Cuscino

Encapsulates Marketing + Advertising Performance Data to Work Smarter, Not Harder

Google Analytics is ultra-powerful when it comes to managing our clients’ MarTech stacks, but it’s easy to get lost in the overwhelming amount of data there. Narrative has given us a way to get “just the good stuff”, and the most important metrics we need for making daily decisions on behalf of my agency’s clients from Analytics to Ad Spends. The condensed insights we get from Narrative are incredibly helpful, and now indispensable in our daily mix of tools.
Bloxspring
HypeLife Brands
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