Digital business is creating a more complex and wider array of risks for companies today. These risks must be carefully evaluated and clearly articulated to a range of stakeholders including boards of directors, investors, regulators, auditors, senior executives as well as business and IT leaders. At the same time, demands for the skills and resources of IT risk managers have never been greater.
Many companies are moving beyond the “economic-crisis era” posture of draconian cost cutting and embarking on growth strategies to transform their businesses into digital enterprises. According to Gartner’s 2015 CIO Survey, digitalization is creating new and higher levels of risks. In fact, 89% of CIOs in the survey reported that the “digital world” is creating new types of risk while 69% reported that investment in risk management is not keeping pace.
To keep pace, companies will need to invest in innovative risk management software solutions. Gartner annually recognizes extraordinary companies as “Cool Vendors in Risk Management” for their advancements in digital risk management software.
The 2015 Gartner Cool Vendors in Risk Management are:
What sets these vendors apart from others is their ability to provide answers to the following critical questions asked by our clients at Gartner:
- How will these new digital risks impact a company’s ability to achieve its strategic business outcomes?
- In what ways can these new digital risks be quantified to adequately prepare and anticipate a negative business outcome?
- How can a company evaluate the level of risk associated with cloud service providers?
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