Progress by the dashboard light

Increasing numbers of banks and vendors have built dashboards into risk management systems, designed to provide easy-to-comprehend, real-time indicators of risk. How do they work, what information do they provide and how effective are they? By Clive Davidson

Imagine your car didn’t have a dashboard and, instead, as you arrived home in the evening, it printed out a report of your day’s driving. The report tells you the speed you drove, the distance travelled and provides detail on fuel consumption. You note with alarm that your maximum speed was 60 miles per hour when you spent all day in a 40mph zone. And you also notice you are nearly out of petrol