2008 GRC Drivers, Trends, & Market Directions
The Governance, Risk, and Compliance (GRC) market is in significant momentum as organizations embrace collaboration across silos of GRC and generally recognize that something needs to be done. GRC is more than a catchy acronym used by technology providers and consultants to market their solutions – it is a philosophy of business. This philosophy permeates the organization - its oversight, its processes, and its culture. The organization goes beyond “talking its talk” to demonstrating that it “walks its talk.” Organizations are driven to ‘think’ GRC. The complexity of business, increasing risk and regulatory profiles, as well as the nature of extended and global business requires that organizations reengineer how they approach governance, risk, and compliance by leveraging processes as GRC. Corporate Integrity sizes the GRC market in 2008 at approximately $52.1 billion. This is broken down into the three primary categories of Corporate Integrity’s GRC.EcoSystem – GRC professional services, GRC technology providers, and GRC information/content providers.
Corporate Integrity has published the following research drafts for public comment:
Friend, It is the end of the week - but still a good chance for that final reminder that it is Corporate Compliance and Ethics Week - which happens the last week of May every year. I would encourage you to send out that email to your employees and partners reminding them that compliance is about doing the right thing. Compliant organizations are organizations of corporate integrity. Are you ... [read more]
Business Intelligence & GRC
Does the business intelligence (BI) issue fall under the governance, risk and compliance (GRC) domain? Business intelligence (BI) is an essential component to a successful governance, risk and compliance (GRC) strategy: It involves what I refer to as risk and regulatory intelligence. Basically, business has to monitor its internal environment -- as well as the external environment the company ... [read more]
2008 GRC Drivers, Trends, & Market Directions
Friend, I recently published my"2008 GRC Drivers, Trends, & Market Directions"research illustrating the dynamic and growing nature of GRC adoption within organizations and the direction and size of the overall GRC market for products and services. Below are the summary highlights from this piece of research. . . Organizations Embrace GRC Principles The Governance, Risk, and Compliance (GRC) ... [read more]