In this return voyage of Risk Is Our Business, Captain Michael Rasmussen reconnects with Stefan Gershater for a candid, occasionally interrupted conversation from opposite ends of a video call—a fitting setup for a discussion about signal, noise, and what actually matters in modern risk management.

The episode centers on the real value of risk and GRC software, and how leaders should measure it. Stefan brings a healthy skepticism to the conversation, challenging an industry that too often sells efficiency for efficiency’s sake. Over dinner in London, he recalls receiving a message from a vendor promising to save him 80% of his time. His reaction was blunt: No one cares how hard risk teams work, they care about outcomes, decisions, and results.

From there, the discussion explores what risk leaders should actually evaluate in risk technology. Rather than control-heavy platforms built primarily for compliance, Stefan argues for solutions designed to support value creation, decision-making, and the achievement of objectives. They unpack what “good” looks like when it comes to risk data, data strategy, and visualization, and why many tools still struggle to present risk in ways the business can act on.

As the conversation turns to how risk technology should evolve, reality intervenes. A call from Stefan’s CEO pulls him away from the bridge mid-discussion, an unscripted reminder that risk management doesn’t live in dashboards or demos, but in the real-time demands of leadership.

This episode is a sharp look at why not all risk software deserves a place on the bridge, and why separating meaningful intelligence from false alerts has never mattered more.