Predictions 2016: Vendors Win, Risk Management Loses

November 13th, 2015

Renee Murphy

Nick Hayes

With contributors:

Christopher McClean , Claire O'Malley , Peggy Dostie

Summary

2015 highlighted how ineffective compliance and risk management quickly leads to nightmares for risk pros and business leaders alike. With the unfolding Volkswagen emissions scandal a case in point, companies whose governance, risk, and compliance (GRC) programs are poorly managed are vulnerable to enormous fines, erosion of customer trust, and — most important — millions or even billions in corporate losses. 2016 will bring even more GRC mishaps, and the modest technology improvements we see won't do much to reverse course. This brief highlights the four changes that will affect GRC the most in 2016 and what you should do about them. Forrester updates this brief annually for accuracy and relevance as part of the governance, risk, and compliance playbook.

Want to read the full report?

This report is available for individual purchase ($795).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.