AuditBoard, is reacting to increased volatility in global supply chains, the economy, and geopolitics. has launched its new Scenario Planning solution. This tool helps risk teams move from reactive reporting to proactive foresight. It models thousands of possible outcomes and uses data-driven insights to quantify risks. Seventy percent of organizations plan to hire more risk-management staff in the next two years. Also, 40 percent plan to increase their cybersecurity resources. Scenario Planning enables teams to build a “universe of potential scenarios,” test “what-if” situations, assess likelihoods and impacts and craft actionable response plans.
Also Read: Zilliant Launches Pricing Plus to Strengthen B2B Pricing Discipline
One Senior Manager of Internal Audit at a global medical-device firm explained: “Scenario Planning will allow our team to rigorously test ‘what-if’ scenarios and transform uncertainty into actionable insights,” adding that the capability will “equip our risk owners across the business to provide executive leadership with the confidence and clear direction needed to ensure operational continuity and success.” According to the firm’s Chief Product and Technology Officer, Happy Wang: “In today’s world, you can’t just report on risks; you have to anticipate what may impact your organization’s goals and objectives,” and Scenario Planning “enables enterprises to ensure continuity in operations and improve competitive positioning, reducing bottom-line costs and increasing revenue.” The announcement underscores AuditBoard’s positioning as a leading AI-powered platform for connected risk trusted by over half of the Fortune 500 and marks this launch as a strategic step in helping organisations navigate the era of “hypervolatility.”