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The future of retail broking requires companies to understand and harness the power of data in real time. (Photo: iStock)

In the world of risk, to ignore the future is to welcome the past.

One future that is becoming increasingly clear is a world driven by the rise of the Internet of Things (IoT) and big data, where risk is instantaneously aggregated, measured, predicted, interpreted and transacted through a steady stream of information sources transmitting information without computer interaction. That technological development offers new possibilities for risk data aggregation and interpretation and presents new risk and security challenges.

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