TECH SUPPLIER Jun 2022 - Market Perspective - Doc # US49117622

How to Increase the Value of Your GRC Platform with Risk Identification and Quantification

By:

Amy Cravens
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Abstract

This IDC Market Perspective explores different risk quantification methodologies as well as organizations' demand for quantification and their transition plans to more advanced strategies in the coming years. Advanced risk quantification is an emerging GRC platform feature that is highly beneficial in assessing risk.

"As organizations are faced with a growing risk landscape, risk quantification can amplify the benefits of a GRC platform by providing more pinpointed risk analysis," says Amy Cravens, research manager, Governance, Risk, and Compliance at IDC. "Most organizations anticipate upgrading their risk quantification capabilities in the next few years and will be seeking GRC platforms that have this capability."


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