Historical data may not always reflect the evolving landscape and may not account for entirely novel or unforeseen risks. Can you share some strategies or approaches to mitigate these limitations when relying on historical data for risk assessment? 

How can organizations strike a balance between learning from the past and adapting to a changing and uncertain future?

Answer rating: 100% (QA)

Here are some strategies to mitigate the limitations of historical data for risk assessment Scenario Planning Organizations can develop various scenarios based on historical data and assess how each s... View the full answer