Do not mistake the dashboard for the windshieldrisk management terms, one could say people are checking whether they are still within their risk appetite limits.
Some drive fast because they are either careless, do not care or just know, or think they know, where the speeds traps are. Some drive slower because their risk appetite with respect to speed and traffic fines is lower. But generally, it is better to look outside than just to look at the dashboard. There will be an orange light when the fuel is almost empty. A good example of a properly defined KRI; nobody would like a fuel indicator that would only blink when the tank is completely empty. Still, many KRI's that people use could be compared to being parked in the emergency lane with no fuel, with at best, the good feeling that one knows why because the indicator tells you ââ¬Åyou've just ran out of gas.ââ¬Â Sometimes, for some KRI's, that is the only possibility, as they cannot be early indicators.
People occasionally look at their dashboard and continuously monitor the outside world, in other words, what is going on. This is much as it should be in business and risk management as well. The risk management dashboard should help doing business, indicating things going well and things going not so well. Despite all the automotive innovations, the car dashboard has not yet replaced the driver. Technology is constantly becoming more intelligent, but an automatically driving car is still in development mode. And knowing that running a business is much more difficult than driving a car, we should not overstate the power of the dashboard. We will keep on innovating, finding new ways to facilitate business, but in the meantime, please recognize that the risk dashboard is a dashboard, certainly nothing less, but also nothing more.