Meaning ● Dynamic Risk Modeling, as applied to SMBs pursuing growth, automation, and implementation strategies, represents a proactive and iterative approach to identifying, assessing, and mitigating potential threats to those initiatives. This differs from static risk assessments by continuously updating based on real-time data and evolving business circumstances. ● For example, as a business automates its processes, the risks associated with cybersecurity or system failures might increase, requiring adjustments to risk models and mitigation plans. It enables leadership to make more informed decisions about resource allocation and strategic direction. This helps prevent disruptions that might impact profitability or hinder expansion efforts, providing SMBs the agility to adapt in fluctuating market conditions.
