Two-thirds of 196 organizations recently surveyed said that a lack of collaboration between risk and compliance dramatically slowed or somewhat slowed their response to new and emerging risks.
That is just one of the many findings of a new survey conducted by Compliance Week, sponsored by Riskonnect.
The survey also revealed that:
- 24% of organizations said that data is siloed and is extremely difficult to pull together.
- 56% said data is in multiple sources and is somewhat difficult to pull together.
- 16% said data resides in one centralized source that is integrated and accessible for real-time reporting.
The survey includes responses from 196 compliance and risk professionals, primarily from large companies.