Role of Analytics for Operational Risk Management in the Era of Big Data

Operational risk management (ORM) is critical for any organization, and in the big data era, analytical tools for operational risk management are evolving faster than ever. This paper examines recent developments in academic ORM literature from the data analytics perspective. We focus on identifying present trends in ORM related to various types of natural and man‐made disasters that have been challenging all aspects of life. Although we examine...