LogicGate

GRC Now a Need-to-Have

Governance, risk and compliance has evolved from a nice-to-have in the eyes of company leaders. “Business is becoming so interconnected, so it’s very hard to understand the entire risk profile within a company using point solutions,” said Matt.

More Mature = More Proactive

“You need to have a platform that can meet [customers] where they are from a maturity perspective,” Matt shared. “I’m seeing more and more – especially as you move up that maturity curve – customers putting in place much more preemptive and much more proactive risk-based programs and risk-based postures within companies."

The Globalization Factor

As Matt shared, the U.S. is the largest GRC market and Europe is the fastest-growing GRC market. As global business expands and becomes more complex, so do the related GRC concerns. According to Matt, a great GRC platform can break down silos. “Sometimes you don’t realize the cross-impact of the risks and the cross-impact of the regulatory requirements unless you’re able to see it in one holistic platform.”

Regenerative AI on the Horizon

Matt sees regenerative AI playing a major role in the GRC landscape in the years ahead. “I think it’s inevitable that a lot of what we do within governance, risk and compliance is going to go the route of AI. Just easing things like creating policies or at least the template.” Matt continued, “I think we need to proceed with caution, certainly because our client's data is the most important thing to us – but at the same time, in my opinion, the train has left the station, the ship is sailed, and AI is going to be here to stay.”