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?
Read Complimentary Relevant Research
Organizing for Big Data Through Better Process and Governance
With big data past the Peak of Inflated Expectations on the Hype Cycle, organizations are addressing next-level challenges and asking,...
View Relevant Webinars
Hadoop and Spark: Understanding Open Source Opportunities and Risks
As companies build foundational data and analytics infrastructure with Spark and Hadoop, the market continues to shift and evolve in...
Category: big-data cyber-risk cyber-security digital-risk enterprise-risk-management grc information-security information-technology it-risk-management operational-risk-management risk-management strategic-risk
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes, with attribution to Gartner. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.