Future of GRC for Businesses Virtual Summit UK Edition 2023 | Group Futurista | 20 September 2023 | Virtual

Governance, risk, and compliance software is used to supervise the flow and attainability of information within an organization. Companies use products in this software category to fathom susceptibility, implement policies, and track compliance. Governance, risk, and compliance software helps organizations manage all the records and operations that need to ensure maximum productivity and readiness. Governance, Risk, and Compliance tools also help prevent and fix vulnerabilities that unavoidably affect systems, resources, and stakeholders. In addition, managing a company's short-term and long-term policies and procedures can be difficult without an effective GRC strategy.

Governance, risk, and compliance is a broad foundation that supports decision making, emergency response planning, and collaboration across virtually all segments of an organization. Any organization, regardless of industry or size, can benefit from the Governance, risk, and compliance strategy. It helps you enhance performance, keep all compliance requirements up-to-date, and prevent and address all threats to your company.

Advances in digital transformation have had a direct impact on Governance, risk, and compliance measures. The risk assessment process needs to be continuous and real-time to enable faster decision making. Smart companies are harmonizing their classifications to mobilize Governance, risk, and compliance true vision. One way to improve harmony is to quantify risk. This is the transition from qualitative risk analysis to quantitative risk analysis. Now is the time for companies to face digital transformation and not just create resilience.

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