With governance, risk management and compliance (GRC) becoming a mainstay, it is no longer just about compliance or assurance, but about driving business growth and contributing to the revenue generation. Over the past few decades, the concept of GRC has been considered as an integrated collection of business functions, capabilities, and processes governed to meet specific objectives. GRC has the potential to become a manageable dimension of the business, parallel to other functional areas such as supply chain management, IT, and finance.
By establishing digital trust, businesses can rely on their GRC programs as a shared effort without abandoning operational tasks. Data can be transformed to provide the insights that later fuel automated processes and notification-triggering through intelligent technologies such as machine learning, networked ecosystems enabled by the Internet of Things, and predictive analytics.
Machine learning and data visualization solutions are also being introduced by organizations to automatically organize and monitor different data sets and flag signs of data leakage, policy violation, or other high-risk items. As a result, GRC professionals can get ahead of risks, ensure compliance with regulations, and provide the complete assurance. The growing proliferation of consumer devices such as smart security cameras, and IoT enabled devices can gather data that often include personal information.
With that in mind, in this edition of CIO Applications Magazine, we bring to you “Top 25 GRC Technology Solution Providers - 2019,” featuring leading solution providers offering ground-breaking GRC technology solutions. The companies featured in this issue exhibit profound industry knowledge, and in-depth expertise in delivering superior GRC solutions while offering flexible, appealing, and consistent user experiences across every channel of an organization.