Enterprise need to meet regulatory compliance
Virtually every organisation in every industry and sector is facing an ever-growing and changing regulations with which they must comply or face the huge fine penalty for failing to comply. As the world transitions toward the fourth industrial revolution (4IR) Industry 4.0, more emerging technologies are introduced into the business operating environment and more new risk is introduced.
A modern, up-to-date Governance, Risk Management and Compliance (GRC) strategy and system solutions are needed to remove silos and build collaboration for faster regulatory compliance that is easy to meet operation requirements from low-code or no-code non-technical business users.
Many enterprises consult IT GRC framework for guidance in developing and refining their GRC functions rather than creating one from scratch to make sure they are following the frameworks and standards for regulatory compliance. Some of the frameworks and standards include COBIT, COSO and ITIL.
For the GRC certifications, Certified in Risk and Information Systems Control (CRISC), Certified in the Governance of Enterprise IT (CGEIT), Project Management Institute – Risk Management Professional (PMI-RMP), ITIL Expert, Certification in Risk Management Assurance (CRMA), GRC Professional (GRCP) are commonly cited.