Risk continues to be an important issue in the financial industry, and organizations
are taking a more proactive approach by investing in IT such as cloud computing, big
data, and analytics to help them identify and mitigate risk. “Worldwide, the capital markets,
banking and insurance sectors will spend roughly $78.6 billion on risk information
technologies and services (RITS) in 2015, according to a new study. What’s more, that
figure is expected to grow to $96.3 billion by 2018.”