The RiskTech Journal
The RiskTech Journal is your premier source for insights on cutting-edge risk management technologies. We deliver expert analysis, industry trends, and practical solutions to help professionals stay ahead in an ever-changing risk landscape. Join us to explore the innovations shaping the future of risk management.
EU's “Digital Decade Strategy” Demands IRM
In an era defined by digital revolution, the European Union (EU) has embarked on an ambitious journey called the 'Digital Decade', aiming for digital excellence by 2030. However, as we step further into this digital frontier, we confront an intricate web of potential risks. An increasingly relevant tool to counteract these hazards is integrated risk management (IRM) technology. This technology could prove instrumental in navigating the inherent digital risks while ensuring a successful and secure digital transformation.
5 Steps to Transform the Digital Risk Landscape into Business Advantage
Digital risk, a term traditionally associated with negative connotations, is coming to the forefront of boardroom discussions. Yet, understanding and managing this risk can unlock many opportunities for businesses, from improving the quality of digital products and services to enhancing the organization's competitiveness.
Digital Risk Deciphered: Eight Key Questions for Business Leaders
Business leaders, including board directors and the senior executive team, need to actively engage in discussions about digital risk. To guide these discussions, here are eight questions every leader should be asking about their organization's digital risk landscape.
Turning Risk into Opportunity: The Threefold Path of IRM
In today's increasingly complex and interconnected digital business environment, managing risks effectively is paramount. Integrated Risk Management (IRM) has emerged as a strategic approach to this challenge, founded on three critical pillars—framework, metrics, and technology.
The IRM Advantage: How Boards Can Navigate Digital Risks and Regulations
In the relentless tide of digital innovation, board members find themselves grappling with a new business challenge - digital risk. Defined as the risk manifested through technology and integrated into business operations, digital risk, including cybersecurity, has become a pivotal concern in the age of accelerated digital transformation.
The Sweet Potential and Hidden Risks of AI: An Investigative RiskTech Journal Report
This article explores the transformative potential of Artificial Intelligence (AI) and its paradox. On the one hand, AI is like an artificial sweetener, enhancing our experiences and offering transformative advantages. On the other, without proper understanding, it can lead to unwanted outcomes. Through this lens, integrated risk management (IRM) provides the vital balance we need in the world of AI.
The Federal Digital Platform Commission and EU Tech Acts: An In-Depth Review
This article probes into the detailed components of the proposed FDPC in the US, juxtaposed against the European Union's Digital Services Act (DSA), Digital Markets Act (DMA), and AI Act, to understand the possible alignment of these regulatory frameworks.
Charting the Course: A Deep Dive into the 2023 IRM Navigator™ Market Map Accelerators
In this analytical review, we offer a closer look at these exceptional companies segment by segment: Operational Risk Management (ORM), Information Technology Risk Management (ITRM), Enterprise Risk Management (ERM), and Governance, Risk, and Compliance (GRC) within the full IRM Navigator™ Market Map.
5 Game-Changing Benefits of Quality Management Systems in IRM
Companies that invest in QMS integration as part of their IRM technology strategy will not only benefit from increased product quality and process efficiency but will also be better positioned to navigate the ever-changing regulatory landscape. By harnessing the power of data and fostering a culture of continuous improvement, organizations can drive innovation and growth. With the help of Wheelhouse Advisors' IRM Navigator™ Market Map, businesses can make informed decisions and find the perfect vendor match to support their quality and risk management objectives, unlocking the transformational potential of an integrated QMS and IRM strategy.
Integrated Risk Management: The Power of the 3 C's
Managing risk is an integral part of success in any business. The ever-increasing complexity of global markets and unprecedented speed of technological changes necessitates a robust risk management strategy. Over the years, I have come to realize that the cornerstone of an effective integrated risk management (IRM) approach rests on three critical factors, which I like to call the 3 C's: Collaboration, Context, and Communication.
The Tectonic Shift in Global ESG Reporting: A Comparative Look at UK, EU, and US Regulations
The world of corporate reporting is amid a seismic shift, with new ESG reporting regulations in the UK, EU, and the US setting the stage for an era of heightened corporate sustainability and accountability. This article aims to provide a comprehensive overview of these regulatory landscapes and their potential impact on companies worldwide.
Unveiling the Pioneers: Wheelhouse Advisors' 2023 IRM Navigator™ Market Map Leaders
Discover the top Integrated Risk Management (IRM) technology vendors that exemplify leadership across four vital segments - ORM, ITRM, ERM, and GRC.
7 Ways to Master Third-Party Risk Management in Today's Complex Business Landscape
As the founder and CEO of Wheelhouse Advisors, my mission is to help organizations navigate the evolving digital landscape and adapt their third-party risk management strategies accordingly. This article will provide an updated and comprehensive guide to third-party risk management, highlighting its critical role in integrated risk management (IRM) and exploring key insights and best practices.
Risk Management Reinvented: The Bold Leap from GRC to IRM and the Masterminds Behind It
The landscape of risk management is continuously evolving, with Integrated Risk Management (IRM) emerging as the successor to traditional Governance, Risk, and Compliance (GRC) approaches. In this article, we will discuss the shift from GRC to IRM, explore the broader applications of IRM, and highlight the contributions of John A. Wheeler, the “Godfather of IRM” and Michael Rasmussen, the “Father of GRC”.
The Convergence Catalyst: AI and ML Fuel IRM to Unite ORM, ITRM, ERM, and GRC
The future of AI and ML will likely involve even greater integration across various risk management domains, enabling organizations to proactively identify risks, allocate resources more efficiently, and strengthen their overall risk management capabilities.
Celebrating the 2023 IRM All-Stars: Top 46 Vendors Revealed
To help organizations make informed decisions, Wheelhouse Advisors has conducted in-depth analyses and insights into the top 46 IRM technology vendors, which can be found in the IRM Navigator™ Market Map Report. The IRM market has witnessed considerable growth, with Wheelhouse Advisors projecting that the IRM technology market will reach $93 billion by 2030.
Taming Digital Risks: $41B IRM Market Confronts SVB, FTX & SolarWinds Debacles
The digital landscape is evolving quickly, bringing unprecedented opportunities and risks. High-profile cases like Silicon Valley Bank (SVB), the FTX bankruptcy, and SolarWinds illustrate the urgent need for businesses to adopt Integrated Risk Management (IRM) technology to anticipate, identify, and mitigate ever-increasing digital risks effectively. The growing IRM market and expanding digital risks due to the increasing number and connectedness of digital devices further emphasize the importance of adopting IRM solutions.
RiskTech Journal 2.0: Navigating the Future of IRM
Welcome to the next chapter in the evolution of Wheelhouse Advisors' RiskTech Journal. This newly inspired edition is the result of a six-month effort to create groundbreaking research and analysis on the integrated risk management (IRM) market, set to inform future blog articles and empower our readers to excel in the ever-evolving risk landscape.
RiskTech Journal News Updates
RiskTech Journal
Managing Risk, Embracing Technology
In today's dynamic business landscape, managing risk and embracing technology are essential components of sustainable success. The RiskTech Journal delivers timely insights for business leaders seeking better ways to manage risk using modern approaches and tools. Harnessing the power of technology enables businesses to optimize processes, enhance decision-making, and stay competitive in an increasingly digital world.
Browse the latest RTJ insight articles and news updates and below
The RiskTech Journal Online Subscription is a premier resource for executives and professionals focused on the intersection of risk management and technology. It provides subscribers with access to a curated collection of articles and expert insights designed to enhance risk management strategies through technological innovation. With its online format, the RiskTech Journal offers flexible access to critical information, helping leaders make informed decisions and stay competitive.