S1E6: How Does GRC Fit into IRM and Who Are the Top GRC Vendors in 2024?

In the latest episode of The Risk Wheelhouse podcast, hosts Ori Wellington and Sam Jones take a deep dive into the findings from Wheelhouse Advisors' 2024 IRM Quarterly Insight Report – GRC Edition. This episode is essential listening for anyone looking to understand the evolving landscape of Governance, Risk, and Compliance (GRC) and how it fits into the broader framework of Integrated Risk Management (IRM).

What’s Covered in This Episode:

The conversation kicks off with a breakdown of how traditional GRC is transforming from siloed compliance tools into a more holistic IRM approach. Ori and Sam explore how this shift enables organizations to connect the dots between isolated risks, aligning them with strategic business goals for better decision-making and proactive risk management.

Listeners will get an inside look at the report’s analysis of the GRC market, which is projected to reach a staggering $32.5 billion by 2031. Key trends driving this growth include the increasing complexity of regulations and the rise of digital risks, like cybersecurity threats and data privacy concerns.

Who’s Leading the GRC Market?

The episode also highlights the top vendors shaping the future of GRC. From “Integrators” like Archer IRM and Riskonnect to “Accelerators” such as AuditBoard and OneTrust, Ori and Sam discuss how these players are pushing the boundaries of GRC technology. Whether it’s blending AI with regulatory compliance or leveraging data analytics for proactive risk management, these companies are setting the pace in a rapidly evolving market.

Key Takeaways for Organizations:

The episode wraps up with practical recommendations for businesses aiming to enhance their GRC strategy. Sam and Ori emphasize that success isn’t just about adopting the latest technology—it’s about building a culture of risk awareness across the entire organization. By integrating digital and sustainability risks into their GRC frameworks, businesses can gain a competitive edge while fostering trust with customers and regulators.

If you’re eager to stay ahead of the curve in the world of risk management, don’t miss this episode. Tune in to learn how your organization can leverage the latest GRC trends to anticipate risks, ensure compliance, and drive strategic growth.

Listen now on The Risk Wheelhouse or on Apple Podcasts, Spotify, or Amazon Music.