Riskonnect Stands Out in Redhand’s 2024 RMIS Report
Riskonnect is one of the most comprehensive RMIS solutions on the market, according to the 2024 RMIS Report by Redhand Advisors. Riskonnect’s already stand-out capabilities are further strengthened by the addition of Ventiv Technology, which was acquired in early 2024.
According to the report, risk technology is fast becoming an indispensable tool for organizations of all sizes and in all industries to manage increasingly complex risks. The report also revealed that:
- Spending on risk technology surged by 10.5% on average over last year – and 74% of respondents plan to increase spending this year.
- Smaller organizations continue to invest in RMIS technology at the fastest clip, with first-time adopters making up half of all 2023 implementations.
- AI tools are making significant inroads into RMIS technology. While just 10% of respondents currently use generative AI to manage risk, nearly half expect to adopt AI within the next three years.
The report is designed to provide buyers with unbiased analysis to better understand the RMIS market and available technology. This year’s report surveyed approximately 1,000 risk professionals and 39 technology solutions, ranging from standalone niche products to the most comprehensive solutions like Riskonnect.
