Risk management refers to the practice of identifying potential risks in advance, analyzing them, and taking precautionary steps to mitigate losses. The recent sub-prime crisis and financial tsunami show solid evidence of the catastrophic consequence of mismanaged risk. Business intelligence is a new discipline consisting of a set of methodologies and processes to analyze business data in order to improve an organization's decision making, business planning and projection. To assess and minimize risk effectively, it may be necessary to analyze and manage the growing volume of business data. Business intelligence approaches have commonly been used to establish the early-warning system for monitoring a company's financial status.
In today's global economy, the integrated approach of risk management and business intelligence has become a vital part of a company's strategic planning and decision making. As Hong Kong is strategically positioned as one of the world's leading financial centers, the demand for risk management and business intelligence professionals is growing. The HKUST's innovative BSc degree program in Risk Management and Business Intelligence (RMBI) has been specifically designed to respond to these market needs in one degree program.
To know more about our program, please visit the below video.