Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.December - 15 - 2020, Volume 06 - Issue 38 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorialScope for Innovation in GRC Arena by EmployingNovel TechnologiesManaging risk and compliance is a daunting task for any large business, but the expeditious changes impacting this department due to technology have elevated the stakes even more. Enterprises are gathering and processing big data from several sources, and they're sharing it wider than ever, with partners, customers, and suppliers. With all this data moving around, internally, externally, and in the cloud, it is evident that Governance, Risk, and Compliance is at a decisive moment. Currently, enterprises must re-assess their conventional GRC practices to keep up with the risks. As consumers establish the standards for companies globally, they are doing that with a strong voice due to social media and other digital platforms.Further, consumers are the supreme regulators as they have all the required information needed to create sound decisions about the companies they communicate with. Besides, a big part of corporate value today relies on a company's brand, reputation, and credibility. Therefore, GRC professionals have the significant responsibility of aiding to protect these assets so that companies can push greater customer loyalty and surpass the competition. On the flip side, AI and particularly a subset of AI known as machine learning enables enterprises to analyze data at scale and notice patterns and irregularity that could denote signs of trouble. Also, machine learning and data visualization can support to organize and monitor these data sets automatically and indicate signs of data leakage, policy violation, or other high-risk items. Advances in technology are establishing new ways for businesses to satisfy customers and expand their bottom line. Just like security, investing in robust GRC technology is not a luxury; instead, it is a necessity that can pay returns in the future.In this edition of CIO Applications, we bring you the 10 GRC technology solution and service providers that transform the industry. This edition features insightful articles that emphasize on the manifold benefits of using the latest technologies for better results.Let us know your thoughts!Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipManaging EditorJoe PhillipSalesSebastian Jacobsebastian@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405Graphics & ArtIssac GeorgeEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJune MichaelRose DcruzSenior WritersClara MathewLeah JaneRoyce D'Souza
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