Operational Resilience Software Benchmark Reveals The Four Leaders In The Market

Operational Resilience Software Benchmark Reveals The Four Leaders In The Market

London, UK. As the business landscape becomes increasingly volatile and complex, Operational Resilience (OpRes) has emerged as a top priority for organizations worldwide. Driven by escalating regulatory pressures, evolving threat landscapes, and rising financial and reputational risks, firms are increasingly turning to innovative software solutions to manage and safeguard their operations.

In response, the OpRes software market is evolving, with vendors continuously innovating to address new challenges and capitalize on technological progress. Key areas of focus are cutting-edge technologies such as digital twins, artificial intelligence (AI) and generative AI (GenAI), which are leveraged to deliver integrated and scalable solutions. 

A new Verdantix benchmark report of the 10 most prominent firms in the market reveals that four providers – Motorola Solutions (Noggin), OneTrust, Corporater and SAI360 – demonstrated leading capabilities in this highly competitive space.

The Green Quadrant: Operational Resilience Software 2024 report provides chief risk officers, heads of risk, operational resilience managers, COOs, chief compliance officers and other C-Suite and risk leaders with essential insights to select the best-fit provider. Key report findings: 

• Organizations are increasingly focused on building a solid business case for investing in OpRes solutions that deliver a strong return on investment. Vendors must demonstrate the tangible benefits of their solutions for strengthening overall resilience and mitigating risks. For example, MetricStream’s business value calculator measures the current and target capabilities of a firm’s resilience processes to demonstrate real value.
  
  
• Vendors are deploying digital twin technology to bolster corporate governance. Corporater’s solution, for example, creates a virtual representation of an organization, integrating key governance elements and operational objectives to improve performance tracking, decision-making, accountability and resilience.
  
  
• Vendors are leveraging AI capabilities to revolutionize how organizations handle complex regulatory requirements. Archer Compliance AI, for instance, is transforming regulatory change management by automating the tracking of updates, interpreting content, and ensuring timely compliance tasks – significantly reducing the risk of non-compliance.
  
  
• Vendors are expanding their portfolios through acquisitions and innovation. These integrations allow firms to streamline costs and benefit from multi-functional platforms, resulting in a more adaptive and efficient approach to risk and compliance management. Notable examples are Riskonnnect’s recent acquisition of Camms and Motorola’s acquisition of Noggin. As regulatory standards become more stringent, vendors are upgrading their platforms to meet global and industry-specific requirements. OneTrust, for example, employs in-house regulatory experts to ensure its platform remains up to date with the latest regulations.

“As the business world becomes increasingly unpredictable, senior executives are realizing the need for a comprehensive risk strategy that addresses vulnerabilities across their entire organization and supply chain,” commented Elizabeth Babalola, Industry Analyst, Verdantix. “With the financial implications of risks posing a significant threat, firms are prioritizing operational resilience to protect their bottom line. Vendors are responding to these demands by investing in innovative features and technologies that enhance resilience frameworks and strengthen preparedness throughout the organization.”

To learn more, join the webinar “How To Choose The Right Operational Resilience Software For Your Firm” on 31 October. Register here.