Strategic Focus: 10 Essential Technologies For Risk Management In 2024
15 May, 2024
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Executive Summary
This report examines 10 essential risk management technologies for 2024, providing a thorough analysis of their maturity, innovation and business impact. Key trends of advanced analytics, AI and machine learning are transforming risk management practices through accelerated innovation. Aimed at equipping organizations with strategic insights, this report guides risk managers and executives in identifying and allocating resources towards technologies that not only promise significant business impact but also align with broader growth strategies and risk management objectives. Technology decision-makers can use this report to identify new technologies for pilot projects and to develop technology strategy plans. Risk-averse firms should focus on technologies with proven business value that are in the established phase of the technology life cycle. Innovators and early adopters should take note of the pioneering technologies.
Technology transformation and innovation in the risk function
Current trends in supply-side innovation of risk management technologies
10 most impactful technologies for risk management in 2024
Launched technologies with high business impact potential
Pioneering technologies with fast-growing business impact
Mature technologies with contending business impact
Established software solutions with sustainable business impact
Current trends in supply-side innovation of risk management technologies
10 most impactful technologies for risk management in 2024
Launched technologies with high business impact potential
Pioneering technologies with fast-growing business impact
Mature technologies with contending business impact
Established software solutions with sustainable business impact
Figure 1. Risk management digital solutions definitions
Figure 2. Essential risk management technologies matrix 2024
Figure 2. Essential risk management technologies matrix 2024
About the Authors
Christine O'Donnell
Senior Analyst
Christine is a Senior Analyst at Verdantix, where she provides research-driven insights to help corporate leaders and technology vendors navigate the evolving third-party risk…
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Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps …
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