ServiceNow, a digital workflow company, was named a leader in the 2021 Gartner Magic Quadrant for IT Risk Management. This is the second consecutive year that ServiceNow has been positioned as a leader and recognized for its integrated risk management (IRM) solution.
The ServiceNow solution integrates IT, security, risk, compliance, and business, using cross-functional workflow and AI/ML to automate processes and continuously monitor risk and compliance across the enterprise.
According to Gartner, “By 2023, 80% of organizations with a formal risk management plan will use IT risk management (ITRM) products to manage their network and IT risks, which is a significant increase from less than 45% today. “
The IT department’s task is to plan and mitigate the risks that are becoming more and more urgent due to the changes triggered by COVID-19—including cybersecurity threats, productivity and health and safety issues, and new regulations. Through its unified platform, continuous monitoring and automation, ServiceNow embeds important risk management and compliance activities into employees’ daily work processes. Its purpose is to allow organizations to understand risk and compliance in real time, improve risk-based decisions, and enable them to improve business performance.
“Organizations are facing more cross-departmental risks due to daily interruptions and new ways of working, which makes the adoption of enterprise-wide risk management methods more important than ever. Teams need to work together-combining IT and business data with risk, Compliance policies, processes and decisions are linked,” said Vasant Balasubramanian (pictured), vice president and general manager of risk at ServiceNow. “Just last month, Gartner also named ServiceNow a leader in the Magic Quadrant for IT Supplier Risk Management Tools in August 2021. Together, we believe that this recognition proves that we are helping companies successfully navigate a challenging environment. , To establish a leadership position in resilience and risk management.”
Did you get value from this story? Sign up for our free daily newsletter to send such stories directly to your inbox.
ServiceNow, Integrated Risk Management, Risk Management, IT, Network, Insurance, Reinsurance, Vasant Balasubramanian, North America
.
#ServiceNow #named #leader #risk #management
More from Source