This episode recaps the keynote address given by John A. Wheeler, founder and CEO of Wheelhouse Advisors, at the Riskonnect Annual User Conference in October 2024. The address focused on the need for organizations to transition from traditional risk management approaches to a more integrated and forward-looking model known as Integrated Risk Management (IRM). Wheeler argues that the rapid pace of change and increased interconnectedness of risks require organizations to become more proactive and adaptable, just as a self-driving car navigates a complex environment. He introduced the IRM Navigator™ framework, which outlines four key components: goals, processes, assets, and policies, and emphasizes the importance of aligning these components to ensure that risk management becomes a strategic enabler, rather than a reactive function. Wheeler concludes by highlighting the future of risk management, which he envisions as being driven by artificial intelligence and autonomous systems.
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