Organizations today are inundated with the “greatest new technologies” to solve all their problems. A solution exists for this, and a solution exists for that, and before you know it, you have as many unintegrated software solutions as you used to have one-off spreadsheets — along with the same old problems of organizational silos and limited knowledge of whatever business problem you’re trying to solve. Here you will get help sorting through the Gartner Hype Cycle for Risk Management.
How do you sort through the hype and invest in those solutions that will ultimately make the biggest difference across your entire organization — including risk management — so that your risk department, IT, procurement and company leadership feel like they are getting the biggest bang for their buck?
The Gartner Hype Cycle for Risk Management1 describes the related services, software platforms, applications, methods and tools that organizations can use to develop programs to withstand risk events or to take advantage of risk-related opportunities.” Organizations can then determine if they are best suited to adopt the technology early on; take a more moderate approach; or wait until the technology is fully mature before investing.
The most recent Gartner Hype Cycle for Risk Management highlights the maturity of solutions and applications for categories like integrated risk management, digital risk management, IT risk management, predictive analytics, end-to-end risk management, corporate compliance and oversight, and many more. While it doesn’t delve into specific technology solutions from certain providers, it does list sample vendors (including Riskonnect) alongside the solution categories it features.
When it comes to investing in technology solutions for your organization, sorting through the hype can be overwhelming, especially if a substantial sum of money or your credibility as a professional is on the line.
Tools like the Gartner Hype Cycle for Risk Management can help your due diligence efforts. Knowing the scope of what is available and whether solutions are at the point of maturation that make sense for your organization will lead to better decision making and better results.
Learn more about Riskonnect’s risk management technology solutions that align with those solutions on the Gartner Hype Cycle for Risk Management, including: integrated risk management predictive analytics, end-to-end risk management and corporate compliance and oversight.
1 Gartner, Hype Cycle for Risk Management, 2017, July 2017
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