Risk remained in the forefront in 2014 and shows no sign of abating in the future. Natural disasters, internal and external fraud, third party risk, product liability, regulatory sanctions, and of course, unrelenting cyber-attacks continue to flood the news. Many organizations have been hard hit by risk this year while many others worry that they have just been lucky and wonder if their operational risk management program is truly effective.
Running an effective risk management program requires a framework to be in place that is designed to help your organization minimize surprises and maximize the likelihood that your objectives will be met. For operational risk this means understanding and proactively managing risk around many aspects of people, process, and technology internally and externally. The breadth and complexity of this kind of risk can be daunting, making it impossible to manage without technology orchestration.
So, it is welcome news that Gartner, one of the leading analysts of operational risk management software applications, just released their Magic Quadrant for Operational Risk Managementto offer guidance on how technology can help you solve risk management challenges. Gartner has placed RSA in the Leaders Quadrant positioned highest on the “ability to execute” axis.
Gartner has placed a great deal of emphasis on your (our customer’s) thoughts and opinions about risk as well as the technology you have employed to address risk challenges. You’ll notice an interesting new tone in the ORM Magic Quadrant. As I read through the report, I noticed many phrases like “Customer perception of Vendor X [insert capability] was rated highly by survey respondents…” or “Customers provided low ratings for Vendor Y’s [insert capability]…” This Gartner Magic Quadrant has been highly influenced by customers, like you, who are hard at work building effective programs to proactively manage the tide of risks instead of just relying on luck. Frankly, we can’t help but agree with Gartner’s approach. Our best advocate for solving complex risk management challenges is YOU, the Archer Community.
Thank you to those who spent their precious time providing their thoughts and opinions to Gartner via the survey.
Thank you to those that have provided case studies and videos to share their guidance to like-minded professionals that are struggling with the same risk challenges.
Thank you to our customers that have offered their thoughts to new Archer customers that are trying to decide which technology best suits their needs and which use case to tackle first.
Thank you to the countless Archer Community members that have participated in working groups, regional user groups and our Customer Advocacy Council to make Archer what it is today…a leader in risk management technology.
Interested in seeing more Gartner ORM Magic Quadrant details? We have made the report available here so that you can share it with your colleagues and management team.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from EMC. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.