‘More harm than good’? How using spreadsheets for risk can increase business exposure

Recently, there’s been an undeniable increase in the demand for effective risk management, which is unsurprising considering the growing complexity of threats organizations face globally – from pandemic and supply chain issues, to emerging cyber risks and changing consumer expectations around Environmental, Social, & Governance (ESG) and more.

Spreadsheets are an obvious and seemingly easy first step for an initial introduction of risk management, but in all but the simplest applications, the use of spreadsheets in managing risk falls short and can actually cause more harm than good.

Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management. 

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