Which of the following methods is used by organizations to identify emerging risks?

Trend analysis and industry reports are essential methods for organizations to identify emerging risks. This approach involves examining patterns and changes in data over time, allowing organizations to detect potential risks that may not be immediately evident. By analyzing trends within their own operational data and comparing it with industry reports, organizations can gain insights into evolving risks, potential disruptions, and shifts in market behavior. This proactive monitoring enables them to address risks before they escalate into more significant issues.

Utilizing industry reports further enhances this process, as these reports often contain analyses of current challenges and trends affecting the sector as a whole, keeping organizations informed about external factors that might impact their operations. This combination of internal trend analysis and external industry insights provides a comprehensive view of potential emerging risks, helping organizations to strategically manage their risk profile and maintain resilience in a changing environment.