target audience: TECH SUPPLIER Publication date: Dec 2023 - Document type: IDC Survey - Doc Document number: # US51553022
Governance, Risk, and Compliance Trends in 2023
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Abstract
This IDC Survey discusses the trends that emerged in the governance, risk, and compliance marketplace for 2023, including:
- More and more organizations are integrating risk management data collection across all risk functions and leveraging a single platform.
- Third-party risk management services providers are beginning to validate the results.
- Compliance vendors are now offering continuous compliance to address the need for knowing the state of compliance any time throughout the year.
- The Securities and Exchange Commission issued a new cybersecurity ruling to address the rise in cyberattacks, increased dependence on technology, and escalating costs of cyberattacks and address the problem of underreporting breaches by public companies.
- Artificial intelligence has taken the market by storm, and organizations are viewing this as either a revenue opportunity or an expense management opportunity.