In today’s digital world, organizations are facing increasing demands to layer Governance, Risk, and Compliance (GRC) initiatives, and maintain a common GRC taxonomy across various stakeholders. They also have to deal with multiple regulatory requirements that have increased in line with fast-changing business environments. Meanwhile, the widespread adoption of BYOD devices has amplified data security concerns, and made IT risk and compliance management a daunting challenge.
In this context, organizations are realizing significant value in integrating business, IT, and security initiatives on a common GRC platform. This approach helps simplify and strengthen regulatory compliance and risk management in line with industry standards and best practices.