In this episode, Michael Rasmussen boldly embarks on a journey of risk management with Alex Sidorenko, a global thought leader in the field. Together, they explore uncharted territories in risk management, discussing everything from Risk Management 1 (RM1) — the traditional process of identifying and mitigating risks — to the advanced world of Risk Management 2 (RM2), which integrates decision science and probability theory to make smarter, risk-based business decisions. As Alex delves into the complexities of RM1 and RM2, he shares insights on how AI is reshaping both worlds, automating the mundane tasks of RM1 while opening up vast new opportunities for RM2, from enhancing risk identification to running advanced simulations. Whether it's tackling the "blocking and tackling" of RM1 or revolutionizing decision-making in RM2, Alex emphasizes the transformative power of technology and the need for a solid foundation in risk management. This episode takes listeners on a thrilling voyage, exploring how the future of risk management is evolving and how technology, particularly AI, will play a pivotal role in this ongoing mission. Engage!