The nature of risk is changing, from how quickly it emerges to how organizations recognize and respond to it. Dr. Laurence B. Mussio, Special Advisor to the CEO, BMO Financial Group and Chair of the Long Run Institute, and Cosimo Pacciani, Chief Economist of Poste Italiane, explore a new way of thinking about risk, including the importance of institutional memory, experience and human judgment. They also discuss what these ideas mean in an era of artificial intelligence, and why retaining and passing on knowledge can play an important role in preparing organizations for what comes next.