Yudhvir Seetharam As the business environment continues to evolve, bringing a new set of challenges and threats to organisations, risk managers across the globe are beginning to harness the power of Big Data to accurately predict and manage risks more efficiently. Yudhvir Seetharam, Head of Analytics at FNB Business , says stricter regulatory requirements and compliance penalties have prompted businesses in the financial services sector to find new ways to effectively evaluate and manage risks. Consequently, Big Data is now being actively used as a key risk management indicator to identify problems and address them quickly before they impact on the reputation and bottom line of businesses. “It is therefore not surprising that more and more organisations are investing in Big Data to enhance the predictive power of their risk models to enable business leaders to make more informed decisions,” says Seetharam. Moreover, the ability to manipulate historical records, to detect hidden ope...