| | June 20166CIOReviewCopyright © 2016 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewJUNE - 23 - 2016Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 June - 2016, Vol 05 SE 37 Published by ValleyMedia Inc.To subscribe to CIOReviewVisit www.cioreview.com ENTERPRISE RISK MANAGEMENT SPECIALCIOReviewEditorial StaffSalesT: 510-565-7560Ellen Pearson Joshua Parker Anwesha BoseShirley FaithJeffrey SamuelsJoe PhilipSebastian Jacobsebastian@cioreview.comVisualizersStephen ThomasAnil KumarManaging EditorJeevan GeorgeToday the managements of institutions have understood the need for incorporating enterprise risk management solutions into their business strategy and the need to have one, which can adapt to the SMAC trends. Risk managers have also come to the realization that measuring concrete risks, at a minimum, will help establish a baseline for strategic decisions. The consensus that the underlying risks are relatively the same, regardless of an organization's choice has sunk in. These risks could include issues with transparency, performance expectations, system failure, and meeting SLAs among others. This has coaxed managers to look into further areas such as development of risk appetite, and the use of key risk indicators. Many institutions are also looking to consolidate vendor applications, particularly in areas such as data warehousing, the risk calculation engines, and reporting or business intelligence environments. The high cost of technology and burgeoning regulation is forcing firms to search for competitive differentiation by moving from compliance to performance and adopting more efficient risk management practices. Technology is playing a key role as an enabler for this transformation, driving demand for new architectures. Culture and collaboration are also critical success factors. Ultimately, successful organizations should look beyond regulation and cost-reduction and view risk management as a strategic element of their value chain, delivering sustainable growth and innovation.At this juncture, CIO Review brings to you the 20 Most Promising Enterprise Risk Management Solution Providers. While arguments may vary that the solution lies in technology, and the others in institutions and human behavior, the editorial board and our industry experts are of a unanimous opinion that all of these things coming together is the right approach. The 20 listed solution providers are at the helm of this revolution. We hope you enjoy this latest edition.Do let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comEditorial The New Era of Risks
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