With normal, day-to-day business processes interrupted and organizations increasingly adopting cloud infrastructure services, the GRC landscape is rapidly changing. LogicGate CEO Matt Kunkel offers predictions based on changes he’s seen within risk and compliance management this year.
Things in governance, risk, and compliance (GRC) change really quickly. And if you throw in the fact that normal, day-to-day business practices have been disrupted as a result of the pandemic, our compliance and risk mitigation processes have been drastically altered since the start of the year.
With this new environment, businesses have been forced to compress their digital transformation timelines, producing an uptick in cloud-based investments. According to Synergy Research Group, through the first quarter of 2020, corporate spending on cloud infrastructure services reached $29 billion, a 37 percent increase over the same quarter last year.
Increased demand for cloud services and emphasis on digital transformation initiatives throughout the first and second quarters of the year not only heighten the importance of GRC now, but also as we look toward Q4 2020 and beyond. The outlook of the entire governance, risk and compliance industry has changed. C-suite executives and GRC professionals alike need to understand the new…
