The fact is, our working world is not getting any simpler; only more and more complex. For most organisations, this increased complexity can be felt on a daily basis – the shear volumes of data, systems, technology and stakeholders which need to be controlled in order to succeed is steadily becoming insurmountable.
It is thus only a matter of time before the invested risk management community is forced to start looking at organisational risks with a complex systems’ mindset. It is inevitable that at some point, modern organisations will need to better understand how disruptive phenomena emerge from highly inter-connected and co-dependant working systems, relationships and interactions.
In brief, the future of risk management lies within the complexity sciences.
– Warren Black, December 2017 (PHD Articulation Argument)