IBM is once again recognized as a Leader in the 2021 Gartner Magic Quadrant for IT Risk Management.
As uncertainties in the global business environment continue to evolve, risk complexity expands and cybersecurity threats loom. Global enterprises are responsible for complying with potentially thousands of regulations, and the cost of breaking compliance can reach into the hundreds of millions of dollars, to say nothing of the loss of consumer trust and damage to the brand. Global organizations must be able to spot and respond to threats before they impact the business, and they must manage how data flows throughout the organization to minimize risk and ensure compliance.
This recognition is the latest in a landmark year for IBM OpenPages. Earlier in the year, OpenPages participated in the Risk Markets Technology Awards for 2021, where OpenPages received the first ever “best user interface innovation” award. Entries for the innovation category are based on significant product development updates within the previous 12 months. Most recently, OpenPages won an Interface & User Experience Design award at the 2021 Red Dot Awards. Each year, agencies, designers, and companies all over the world gather to celebrate the best in design, with the Red Dot Award: Brands & Communication Design category recognizing the best brands and creative works of the year. The Interface & User Experience Design award is bestowed to interactive products that demonstrate superior design sensibilities and intuitive user interfaces.
What is IBM OpenPages?
IBM OpenPages with Watson is a fully integrated, flexible enterprise risk platform that breaks down silos and opens up governance, risk and compliance (GRC) capabilities to leaders across the organization, giving total visibility of the company’s risk position from one integrated point of view. With better access to your data through data classification, control mapping, a Watson-powered virtual assistant and end-to-end data governance, OpenPages can empower all users to make well-informed risk-management decisions.
OpenPages offers out-of-the-box best practices for ten risk domains, including operational risk, regulatory compliance, third party risk, business continuity, internal audit, data privacy, model risk governance, IT governance, financial controls, and policy management, to support tens of thousands of users across all lines of business.
With the latest release of IBM OpenPages, organizations can maintain a clear view of the company’s risk position by confidently assessing and mitigating risks through the support of a task-focused UI, built-in workflow, calculation engine and other recent innovations.
Gartner, Magic Quadrant for IT Risk Management, Brent Predovich, Claude Mandy, 13 September 2021
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