Top Stories of 2014: Risk's Multiple Tech Vectors

Risk isn't uncertainty alone. As the economist Frank Knight once wrote, it's actually randomness in which events have measurable probabilities.

In other words, risk is defined by quantification—and likewise, one can assess the business of managing a particular risk by the contour of conversation around its underlying technology. Waters did quite a bit of that work in 2014.

This year, we heard intriguing chatter in some quarters, and noticeable quietude in others—but overall, the different