Risk, security and compliance executives have many choices and decisions on their respective plates, and whether or not to automate is not among them.
I’ve been seeing a trend in the marketplace: more and more organizations are investing in risk management and compliance technology tools1. But why? The answer may be as simple as supply and demand dynamics.
Boards, executives and other stakeholders are more urgently demanding sound risk management and intelligence to drive better investments in security and other business decisions. On the supply side, CIOs are challenged with limited resources and budgets, new or changing regulations and tracking and maintaining compliance2. Already high expectations for today’s CIO, CISO and CROs are growing, and this is driving risk, security and compliance teams to become more efficient.
Automation becomes a necessity rather than a choice to keep up with growing stakeholder demand and scrutiny. Plus, an ever-changing risk landscape and growing and increasingly complex security environment require an efficient approach to keep up. Automation strategies create force multipliers on existing resources, allowing teams to focus on high-value activities and leaving the mundane and routine tasks to machines.
This frees up your team’s time, optimizing the skills and talent of your workers and reduces errors in your risk, security and compliance programs. It is clear that risk and security executives must adopt automation by default. Stakeholder demand has increased, and executives’ ability to supply risk intelligence is becoming less and less effective.