Gartner Research

Critical Capabilities for Integrated Risk Management Solutions

Published: 06 August 2019

Summary

Integrated risk management solutions ensure consistent risk management, while collecting enterprise risk data for reporting and decision making. Security and risk management leaders should use this research to identify capabilities and vendors suitable for their IRM projects.

Included in Full Research

  • Critical Capabilities Use-Case Graphics
  • Vendors
    • BWise
    • CAMMS
    • CURA Software
    • Dell Technologies (RSA)
    • Galvanize (ACL)
    • Galvanize (Rsam)
    • IBM
    • Ideagen
    • Lockpath
    • LogicManager
    • MetricStream
    • Refinitiv
    • Resolver
    • Riskonnect
    • SAI Global
    • ServiceNow
    • SureCloud
  • Context
  • Product/Service Class Definition
  • Critical Capabilities Definition
    • Risk & Control Document/Assessment
    • Incident Management
    • Risk Mitigation Action Planning
    • KRI Monitoring and Reporting
    • Risk Quantification and Analytics
  • Use Cases
    • Business-Outcome-Centric
    • Operation-Centric
    • Compliance-Centric
  • Vendors Added and Dropped
    • Added
    • Dropped
  • Critical Capabilities Rating

Overview

Key Findings
  • Integrated risk management projects consolidate risk management processes and data analyses. Compared with manual or siloed automation processes, these projects usually achieve better compliance, more effective executive-level communication and risk-based business outcomes.

  • Risks amplified by digital technology adoptions and privacy compliance complexities are the leading factors for risk management process change and new demands on risk analytics.

  • The IRM solution market is highly fragmented, with two main types of vendors: IRM platform providers with comprehensive features addressing multiple risk domains, and pure-play providers focused on specific domains or sets of capabilities.

Recommendations

Security and risk management leaders looking to simplify, automate and

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Analysts:

Jie Zhang Brian Reed

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Critical Capabilities: A deeper look into provider offerings

How does a Critical Capabilities report work?

As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.

A Critical Capabilities report is more than just a diagram. You also get:

Sharper focus

Narrow down the product and service criteria most important to you.

Individualized use cases

Use interactive features to customize usage scenarios based on your organization’s unique needs.

Faster decision making

Use data to speed up provider selection and accelerate the procurement process.

A Gartner Critical Capabilities report is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.

Pick the right provider with confidence

We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.

Align deal structures and optimize spend

We benchmark pricing against the market so you avoid unnecessary charges.

Reduce complexity and risk

We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.

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