ABSTRACT
This chapter presents concepts that describe the analytics process applied to a specific situation in an organization. It outlines three concepts: the risk-modeling process in a transformation process of the organization, the concept of Big Data in risk management (RM), and the way that an enterprise risk knowledge management system (ERKMAS) can be built in order to respond to the needs of converting data, small and big, into knowledge and actions within organizations. The chapter identifies different perspectives of the problem of risk modeling and proposes a methodological approach in order to understand analytics process through: the use of theory in enterprise risk management (ERM) and knowledge management (KM) using the context of a new view of organizational problems, a review of the historical episodes that created mathematical knowledge when groups shared knowledge, and the analysis of the modeling process of risk analysis examples. It considers some of the issues related to ERM and its possible relationship to KM.
