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Major trends in governance, risk management and compliance for 2011

Compliance 360 | March 4, 2011
Major Trends for GRC Industry

5) Continued Emergence of GRC in the Cloud: While there has been an acceleration of the cloud-based movement for the past several years, this is still a relatively new phenomenon in GRC. As the industry matures, buyers are increasingly seeking GRC systems that are interconnected with leading providers of legal and regulatory content, to create a single, unified solution. Cloud-based systems are ideally suited to providing freedom of choice to the legal and regulatory content appropriate for each organization. The cloud will also be increasingly used to streamline processes and reduce overhead by integrating additional services andproviding access for third-party auditors. 2011 will see a significant rise in organizations managing their GRC functions in the cloud as they seek these benefits.

 

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