A Holistic Market View of Service, Software, and Information Providers Supporting Risk-Informed Decision Making
Enterprise Risk Management (ERM) is evolving to become more tightly integrated with organizational objectives and decision making. As multiple professional organizations update their guidance for risk management standards, ERM implementation remains highly challenging. ERM is not a single program or process. It is a system of people, processes, technology, and information resources collectively addressing the uncertainties of achieving enterprise objectives.
This IMT report translates industry ERM standards into enterprise resource requirements and tackles the challenges of connecting external resource needs to marketplace vendors.
A diverse array of providers, including insurance advisors, brokers, management consultants, and software manufacturers, position themselves as risk management companies in today's market. Technology advances are also extending capabilities for discovering, monitoring, and managing risks while the requirements for broad reliable risk information sources are accelerating. How can companies make sense of this confusing set of vendors and risk management concepts?
IMT's ERM Market Taxonomy Report cuts through the confusing ERM and GRC acronyms, and the extended variations of risk management terms used in today's market, to holistically identify the core factors, segments, and vendors that define the risk management market. The standard components of risk management are identified and translated into both enterprise resource needs and vendor capabilities.
Market drivers, trends, and extensive vendor examples substantiate each market segmentation category and definition.
- This market taxonomy is designed as a nexus to facilitate vendor-customer dialogue by clarifying vendor capabilities in the context of enterprise risk management system resource needs.
- The report offers risk management service, software, and information vendors a market-wide perspective to consider their own value positioning, portfolio development, partnership, and acquisition strategies.
- Enterprises can leverage this holistic taxonomy and partitioned enterprise risk management definitions to help decipher how external resources can provide, supplement, or enhance their ERM system resources.
The report Table of Contents and List of Figures follow:
Enterprise & Repurposing Licensing: