A recent Gartner entitled ‘Emerging Risks Report’ that explored the top 5 emerging risks in Q2 2023 from around the world, also revealed what was currently of greatest concern in Australia:
- Third-Party Viability;
- Workforce Planning Uncertainty;
- New Extreme Weather Events;
- Mass Generative AI Availability; and
- Personal Data Regulatory Fragmentation.
As the survey covered 249 senior enterprise risk executives from around the world, the report also provided benchmarking for Australia against other nations. For example, in the US, the number 2 spot was generative AI programs like ChatGPT and Bard, while in Australia, generative AI came in at number 4.
Commenting on the report, Ran Xu Research Director at Gartner said: “Generative AI was the second most-frequently named risk [in the US, 4th in Australia/NZ] in our second quarter survey, appearing in the top 10 for the first time. This reflects both the rapid growth of public awareness and usage of generative AI tools, as well as the breadth of potential use cases, and therefore potential risks, that these tools engender.”
The survey provides leaders with a bench-marked view of 20 emerging risks. The Report includes detailed information on the possible impact, time frame, level of attention, and perceived opportunities for these risks. It’s available from the Gartner website.
In Australia, the US and Canada, third-party viability was the top fast-emerging risk that organisations are monitoring most closely in the survey. Interestingly, trade tensions with China didn’t make the top five in Australia/NZ, but in Europe it was the number-one concern.