ANX Corporate Blog: Posts tagged as predictions
Showing 1 through 5 of 5 total posts
Dec 21st 2010, 12:25
What 2011 Holds in Store for Your GRC Program – Five Predictions | Prediction #5
What does 2011 hold in store for your GRC program? My first three predictions were:
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal ResourcesPrediction #3: Self-Service for Greater EfficiencyPrediction #4: Increase Use of Contract / Vendor Management
Read below for my final prediction for 2011 GRC programs.
Prediction #5 | SaaS Overtakes Software
It’s no secret the traditional favorite of clients is to implement an on-premise solution. However, in 2011, more than 50% of new implementations will leverage a SaaS delivery model for GRC. In today’s economy, when organizations are able to take advantage of lower operating costs, faster time to value, less implementation risk, more
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal ResourcesPrediction #3: Self-Service for Greater EfficiencyPrediction #4: Increase Use of Contract / Vendor Management
Read below for my final prediction for 2011 GRC programs.
Prediction #5 | SaaS Overtakes Software
It’s no secret the traditional favorite of clients is to implement an on-premise solution. However, in 2011, more than 50% of new implementations will leverage a SaaS delivery model for GRC. In today’s economy, when organizations are able to take advantage of lower operating costs, faster time to value, less implementation risk, more
Dec 16th 2010, 09:31
What 2011 Holds in Store for Your GRC Program – Five Predictions | Prediction #4
What does 2011 hold in store for your GRC program? My first three predictions were:
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal ResourcesPrediction #3: Self-Service for Greater Efficiency
Read below for my fourth prediction for 2011 GRC programs.
Prediction #4 | Increase Use of Contract / Vendor Management
As regulatory requirements expand, usage of the ‘cloud’ and SaaS technologies grows, and the number of obligations imposed by business partners increase, 2011 will show that leading organizations will need to utilize an enterprise-wide vendor risk management process and control library. I believe we will see an upward trend in organizations using standard vendor assessments and
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal ResourcesPrediction #3: Self-Service for Greater Efficiency
Read below for my fourth prediction for 2011 GRC programs.
Prediction #4 | Increase Use of Contract / Vendor Management
As regulatory requirements expand, usage of the ‘cloud’ and SaaS technologies grows, and the number of obligations imposed by business partners increase, 2011 will show that leading organizations will need to utilize an enterprise-wide vendor risk management process and control library. I believe we will see an upward trend in organizations using standard vendor assessments and
Dec 14th 2010, 11:53
What 2011 Holds in Store for Your GRC Program – Five Predictions | Prediction #3
What does 2011 hold in store for your GRC program? My first two predictions were:
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal Resources
Read below for my third prediction for 2011 GRC programs.
Prediction #3 | Self-Service for Greater Efficiency
GRC staff such as risk, compliance, internal audit, and security personnel define the rules of the game and referee but line managers execute the majority of GRC activity. In 2011, leading organizations will empower line managers with the technology and corporate-approved processes and content they need to plan and execute their own GRC initiatives, ultimately reducing the cost of GRC and blending it more seamlessly with the organization.
I believe that
Prediction #1: Greater Focus on Risk Management CapabilitiesPrediction #2: Redeployment of Internal Resources
Read below for my third prediction for 2011 GRC programs.
Prediction #3 | Self-Service for Greater Efficiency
GRC staff such as risk, compliance, internal audit, and security personnel define the rules of the game and referee but line managers execute the majority of GRC activity. In 2011, leading organizations will empower line managers with the technology and corporate-approved processes and content they need to plan and execute their own GRC initiatives, ultimately reducing the cost of GRC and blending it more seamlessly with the organization.
I believe that
Dec 9th 2010, 09:16
What 2011 Holds in Store for Your GRC Program – Five Predictions | Prediction #2
What does 2011 hold in store for your GRC program? My post on Tuesday, December 7th, defined my first prediction - Greater Focus on Risk Management Capabilities.
Read below for my second prediction for 2011 GRC programs.
Prediction #2 | Redeployment of Internal Resources
According to recent studies, risk and compliance functions spend the majority of their time on tactical administrative tasks. Indeed, studies show that as much as 62% of effort is spent on data collection versus 36% on analytics/risk mitigation, and 2% on other tasks.
I’ve found that when tactical activities dominate a program, there are 3 main issues that arise – audit fatigue, low value outcomes, and low level of executive participation.
Audit fatigue: Let’s
Read below for my second prediction for 2011 GRC programs.
Prediction #2 | Redeployment of Internal Resources
According to recent studies, risk and compliance functions spend the majority of their time on tactical administrative tasks. Indeed, studies show that as much as 62% of effort is spent on data collection versus 36% on analytics/risk mitigation, and 2% on other tasks.
I’ve found that when tactical activities dominate a program, there are 3 main issues that arise – audit fatigue, low value outcomes, and low level of executive participation.
Audit fatigue: Let’s
Dec 7th 2010, 09:50
What 2011 Holds in Store for Your GRC Program – Five Predictions | Prediction #1
It’s certainly not news that 2010 has been a tough year for organizations looking to establish and maintain an effective GRC program as they face the ongoing challenges of balancing GRC obligations with budget and resource constraints. In 2011, as the number of applicable regulations and standards increase and organizations look to protect themselves against security breaches, I expect the importance of GRC to increase in the coming year.
So, where should your organization start? Over my next five blogs posts, I will share my five predictions for what 2011 holds in store for your GRC program.
Prediction #1 | Greater Focus on Risk Management Capabilities
Although many pundits have predicted more focus on risk management for years, in my discussions
So, where should your organization start? Over my next five blogs posts, I will share my five predictions for what 2011 holds in store for your GRC program.
Prediction #1 | Greater Focus on Risk Management Capabilities
Although many pundits have predicted more focus on risk management for years, in my discussions