Governance, Risk, And Compliance Predictions: 2011 And Beyond

Those who have been involved with GRC initiatives or technologies may often conceive of a tipping point, where GRC comes of age and its value propositions and use cases become clear for all global corporations. These individuals will need to wait a long time still. In 2011, vast new regulations and monumental expectations for risk management will help propel GRC programs substantially — as well as the software market that supports them. These next 12 months will see strong growth in the GRC market, a focus on horizontal adoption, greater attention to business intelligence, and practical GRC value from emerging social and mobile technologies. But the next year will also see new regulations hindering GRC maturity and very little agreement from one company to the next on what GRC programs look like. For risk and compliance professionals advocating GRC, this means success will come from their ability to support internal objectives, not conforming to market definitions.