Agile & Cognitive GRC: Innovation & Simplicity
I have been on the road regularly for the past six weeks with a heavy travel schedule through mid-July that brings me across the USA and Europe. Lots of interactions with people face-to-face and the conversations center on:
This is what GRC 4.0 (Agile GRC) and GRC 5.0 (Cognitive GRC) is all about. And it is not just for “Enterprise GRC/IRM” Platforms. But down in the best of breed GRC solutions for third-party risk, policy management, regulatory change, IT risk management, resiliency, and more.?
Let me remind each of you on this list . . .?
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Any intelligent fool can make things bigger, more complex and more violent. It takes a touch?of genius – and a lot of courage to move in the opposite direction.
[This quote has been attributed both to Einstein and E.F. Schumacher]
A primary directive of Agile & Cognitive GRC is to provide GRC processes and information that is?innovative, contextually intelligent, assessable, and engaging. GRC done right minimizes its?impact on the business while still maintaining insight and control of risk across the business.?GRC should be intuitive to the business and GRC technology should provide the right?information in a way that works for the business.
GRC technology should not get in the way of business.?Why do some enterprise GRC projects take two years for just the initial implementation to?be built out??The primary issue is overhead in extensive services and technology?customization to integrate and develop massive GRC implementations that end up slowing?the business down and delaying value (if the value is ever achieved). GRC needs to be Agile and Cognitive to be valuable to the?business. GRC technology has to deliver harmonious relationships or GRC information that?supports the business. GRC is to enable enterprise agility by creating dynamic interactions?of GRC information, analytics, reporting, and monitoring in the context of business.
Like Apple with its innovative technologies, organizations must approach GRC in a way that?re-architects the way it works as well as the way it interacts.?The Agile & Cognitive GRC goal is simple; it?is itself?Simplicity.?
Simplicity is often equated with minimalism. Yet true simplicity is more?than just the absence of clutter or removal of embellishment. It’s about offering up the right?contextually relevant GRC information, in the right place, when the individual needs it. It’s?about bringing interaction and engagement to GRC processes and data. GRC interactions?should be intuitive.
Agile & Cognitive GRC is about delivering innovative, intuitive, and GRC engagement and intelligence to the business in the context?of business. It delivers 360° contextual GRC intelligence through the use of artificial?intelligence, cognitive computing, machine learning, and natural language processing. It?provides engaging and user-friendly experiences that minimize process overhead while?enabling the organization to reliably achieve objectives, while addressing uncertainty, and?act with integrity.