Top 20 Risk Management Solutions - 2022

In a post-pandemic world, business risk is inevitable. But not many companies are sufficiently prepared to manage risks effectively. This is exactly why companies are looking to leverage the latest technological advancements in risk management solutions to safeguard company assets in today’s volatile business atmosphere. The risk management solutions are helping companies assess, monitor, and mitigate all risks that may have a negative impact on the relationship between an organization and its suppliers while managing vendor risk data to protect themselves from data breaches or non-compliance.

On this note, the global risk management market is projected to reach 28.87 billion USD by 2027, growing at a CAGR of 18.7 percent from 2020 to 2027. This burgeoning market growth partly corresponds to the growing adoption of risk management software by companies that are also looking to integrate their risk management software with other software tools such as quality management software, ERP systems, and governance, risk and compliance software to better plan for preventive measures in the face of any operational disruption.

In light of these developments, this edition of CIOReview brings forth the most influential developments in the risk management solutions space that are augmenting the way companies are protecting their assets or tackling any impending disaster. It features thought leadership articles from Brian Hsieh, Head of Open Source at Uber, who speaks about leveraging open-source technologies to develop a set of policy and risk assessment criteria that fit an organization’s risk tolerance level. The edition also contains insights from Garrick Stavrovich, the Lead Product Manager for Nasdaq’s Global Information Services, who underlines the need to create robust cloud environments with open-source technologies to help companies navigate a volatile and competitive exchange market.

Together with these critical insights from industry experts, the edition presents the premium risk management solutions from the most promising companies on the rise, including SmarTek21, an organization helping companies mitigate a myriad of security risks with AI-powered conversational agents. We hope this edition will help you find the right risk management solution provider that will empower you to efficiently evaluate and manage business risk at all times.

    Top Risk Management Solutions

  • 1

    SmarTek21's solutions include data and artificial intelligence (AI) services and software that help businesses change into digital firms that can survive in a data driven future along with risk-management endeavors in digital transformation

  • 2

    SNCNEXT is driven by the mission to build reliable and robust supply networks for clients.

  • 3

    The company enables its clients in creating and sustaining holistic risk management programs around enterprise risk, compliance, security, data privacy, and cloud transformation, to name a few. Templar Shield takes a consultative approach to engage with clients to understand the current risk management maturity, vision, and requirements. The company then develops a strategy and roadmap to actualize the risk management programs/initiatives with a critical focus on equipping their clients with the necessary tools and techniques to be self-sufficient in the future. Templar Shield helps clients define their enterprise risk management program, from creating a blueprint to prospecting the entailing processes and developing the program framework and the content they'd need.

  • 4

    Tessera Data focuses on building a safer future by providing valuable, people data used to drive informed trust and safety decisions, both online and offline. Our industry-leading data is the backbone for background checks used by companies to mitigate risk and elevate the protection of everyone they serve.

  • 5

    Accelerite

    Accelerite

    Sentient by Accelerite aims to alleviate attacks and enhance security and compliance across the company. In addition, the sentient's previous risk data and risk insights assist in optimizing the risk posture over time. Accelerite’s product suite includes hybrid cloud infrastructure, endpoint security, big data analytics and the Internet of Things

  • 6

    AlgoSec

    AlgoSec

    With AlgoSec's business driven approach to network security policy management, businesses can reduce risk and assure ongoing organizational compliance.AlgoSec connects the infrastructure, security rules, and apps that power the business, allowing businesses to drive change throughout the estate and accelerate application delivery

  • 7

    Archer Integrated Risk Management

    Archer Integrated Risk Management

    Archer facilitates a shared knowledge of risk, making it easier to collaborate on risk management. Applying the same taxonomy, policies, and metrics to the administration of all risk data promotes visibility, cooperation, and efficiency

  • 8

    CyberSaint Security

    CyberSaint Security

    The objective of CyberSaint is to enable today's enterprises to create a cybersecurity program that is as clear, actionable, and quantifiable as any other business function. The solutions provided by CyberSaint enable teams, CISOs, and Boards to monitor, mitigate, and communicate risk with agility and alignment

  • 9

    Etiometry

    Etiometry

    The Etiometry Risk Analytics EngineTM (RAE) converts high-fidelity patient data gathered by the T3 Software into risk indexes that reflect the possibility of a dangerous physiologic condition. The RAE employs advanced model-based algorithms and patient-specific data to assist doctors in identifying stages of clinical deterioration and improving individual patient care and health The Etiometry Risk Analytics EngineTM (RAE) converts high-fidelity patient data gathered by the T3 Software into risk indexes that reflect the possibility of a dangerous physiologic condition

  • 10

    LogicGate

    LogicGate

    LogicGate's Risk Cloud® solution provides a comprehensive view of risks throughout the company, allowing organizations to adjust to changing business conditions, emphasize the most crucial mitigation activities, and take smarter risks. Its makes it easy to understand risk management to everyone (yes, everyone!) across the organization

  • 11

    MetricStream

    MetricStream

    MetricStream is the global SaaS pioneer in Integrated Risk Management (IRM) and Governance, Risk, and Compliance (GRC) solutions, empowering businesses to thrive on risk by encouraging growth through risk-aware decisions. It is a modern and integrated risk management technique that uses real-time aggregated risk intelligence to assess the impact of risk on business objectives and investments

  • 12

    NAVEX

    NAVEX

    NAVEX is a renowned pioneer in risk and compliance management software solutions, enabling thousands of clients worldwide to manage and reduce risks confidently. . NAVEX’s aim is to help customers promote ethical, inclusive workplace cultures, protect their brands and preserve the environment through sustainable business practices

  • 13

    Nuix

    Nuix

    Nuix technology assists businesses in meeting their client's governance, risk, and compliance demands by providing Software to detect high risk and high-value information, clean up dirty data, comply with legislation, and respond to privacy concerns

  • 14

    Outseer

    Outseer

    Outseer Risk Engine predicts what others cannot, resulting in the industry's top fraud detection and lowest intervention rates. It protects customers' digital interactions with risk-based decisions while delivering a frictionless user experience

  • 15

    Reciprocity, Inc

    Reciprocity, Inc

    Reciprocity® Risk Intellect is a risk-analysis solution that, when combined with ZenGRC®, gives an overview of the impact of compliance programs on organizational cyber risk posture, allowing businesses to prioritize operations that increase compliance while lowering risk. Reciprocity empowers firms to become more strategic by linking risk to their business plan. So go beyond simply answering questions about their risk profile

  • 16

    Refinitiv

    Refinitiv

    Refinitiv, a part of the London Stock Exchange Group, is one of the world's leading financial market data and technology providers. It provides information, insights, and technology that enables customers to execute crucial investing, trading, and risk decisions confidently

  • 17

    Riskonnect

    Riskonnect

    Riskonnect is the leading provider of integrated risk management software solutions. Its platform enables organizations to anticipate, manage, and respond to strategic and operational risks across the enterprise in real-time. Riskonnect employs over 700 risk management professionals across the Americas, Europe, and Asia

  • 18

    RSA Security

    RSA Security

    RSA is a global leader in identity and access management, underscoring the company's stance that ensuring digital identities throughout their lifespan is critical in cybersecurity . It's 24/7 Technical Support and Customer Success teams will helps realize faster time-to-value, reduce total cost of ownership, and provide personalized support tailored to the needs

  • 19

    SAI360

    SAI360

    For over 25 years, SAI360 has helped businesses worldwide manage risk, build trust, and achieve business resilience via a unified approach to risk management.SAI360 assists firms in both operationalizing and reporting on ESG activities due to its extensive experience in enterprise risk, EHS&S, and staff training

  • 20

    Telos Corporation

    Telos Corporation

    Telos® technologies and services may assist in mitigating and managing risk, allowing businesses to function confidently in today's internationally linked environment. Telos provides cybersecurity solutions for IT risk management and information security, as well as cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards