Listed as a sample vendor for digital risk management solutions
Riskonnect is now included in the July 2017 Gartner Digital Risk Management Hype Cycle, a directory that provides organizations an evaluation tool to gauge emerging risk management technologies.
Gartner classifies digital risk management as on the rise, with its maturity level as emerging and expects it will reach mainstream adoption within the next five-to-10 years. Right now, Gartner predicts market penetration is one-to-five percent of the target audience. “For these companies, we believe accounting for digital risk and using these insights to make critical business decisions provides a strategic advantage in achieving a full view of enterprise risk,” said Quin Rodriguez, Riskonnect’s vice president of marketing strategy.
Digital risk management expands the integrated risk framework, enabling risk-based decision making capabilities that monitor risks and provide appropriate remediation strategies. While Gartner notes that “No single vendor currently provides a comprehensive offering that can provide a full view of the digital risks across social, mobile, big data, cloud, third-party technology, OT and IoT. However, key integration points with some of the IRM solution vendors include cloud security intelligence, mobile device management, social media surveillance, information governance, e-discovery and operational intelligence. Vendors are just now beginning to offer DRM solutions that provide the integration with all these various subsystems to serve in the future as a true system of record for digital risks.”
“When you get Gartner’s attention, we feel it speaks volumes to the work that we are doing at Riskonnect,” said Jim Foster, president and CEO of Riskonnect. “Many organizations struggle to properly manage their digital risks as part of an integrated risk management approach, which can leave lasting impacts on their brand. We are encouraging enterprises to really look at the true impact of digital risk so they can make the best decisions for their business.”
For more information on Riskonnect and their risk management solutions, visit www.riskonnect.com.
About the Gartner Hype Cycle
The Gartner Hype Cycle provides an evaluation tool for clients to educate themselves on emerging technologies. Divided into five phases — innovation trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment, and plateau of productivity — the Hype Cycle provides clients with a guideline for making industry technology investment decisions by providing key insights on technology maturation processes and their associated risks. Visit the Gartner Hype Cycle page to learn more.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.