The market for risk technology is fast approaching its 20th year anniversary driven by increased regulatory mandates and complex organizational risks. Risk technology is a global market that has rapidly evolved over the last 20 years from single solution providers into platforms with cloud features and advanced analytics.
The term “GRC” (governance, risk & compliance) has also undergone a metamorphosis in attempts to describe aspirational solutions that have yet to fully live up to the goals of GRC users. Terms such as; enterprise risk management, integrated risk management, RegTech, InsureTech, and even FinTech are interchangeably used in a confusing alphabet soup of marketing jargon that fails at providing information about the tools themselves.
As the number of new GRC entrants have entered the marketplace with improved features and benefits it has become harder to evaluate which solution is best for organizations across all industries. It is with this back-drop of change that TheGRCBlueBook sponsored a User Sentiment survey.
The Global GRC User Survey is intended to gauge how risk professionals feel about these solutions. The survey was limited in size and scope and is not intended to imply accuracy or direction in the GRC marketplace.
A more robust study of advances in risk technology and risk practice will be conducted over the next 12 months. If you are interested in participating in the advanced risk practice study please click the link above. Emails will only be used for the survey and to send a confidential copy of the final report. An Executive Summary will be provided to the public.
This report is a snapshot of User Sentiment over the last 5 years.