Today, with operational risk emerging as a primary risk threat in all major economies, market players are looking to the potential of big data as a primary driver of next-generation operational risk management. Drawing on current IBM research in the field of big data, this paper shows how operational risk solutions can harness the potential of big data in its four dimensions—volume, velocity, variety and veracity — to inform risk management scenarios and analytics, fostering the development of the risk-aware enterprise to help control loss events, enhance profits and drive long-term growth.
