If you’re reading this blog you probably recognise that the risk landscape facing your organisation is changing rapidly. Globalisation and a revolution in communications have brought businesses and their stakeholders closer together. At the same time the network of suppliers and relationships upon which every business now depends have grown more complex and interconnected than ever before.
Diverse risks need good management
This all means that organisations are more exposed to diverse risks from third parties, unknown sources and global markets, all with the potential to impact operations as well as reputation and brand. In this context, it’s increasingly clear that traditional siloed approaches to managing organisational risk are becoming less and less effective. Likewise, many traditional risk management tools and techniques are fast becoming obsolete.
At Polecat, we have long been fascinated by the potential to offer a new risk management solution that combines the science of human linguistics and power of big data to provide real-time risk intelligence. The result is the ability of our clients to understand the impact on their business of the world of unstructured data – that’s all the voices and activities captured online and in social media in any language around the world. We’ve worked hard to make our products stand out and that’s why we’re hugely excited to be recognised as one of Gartner’s 2016 ‘Cool Vendors’ in Risk Management1 this year.
Gartner maintains a close eye on the world of risk management, and is highly interested in how risk, and the vendors that help manage it, are changing. This year’s report picks up on many of the trends that underlie Polecat’s technologies, such as:
- ‘Digital risk management (DRM) technology facilitates the risk awareness, understanding and decision making associated with the convergence of the digital and physical worlds through cloud, mobile, social, big data and the Internet of Things (IoT)’ and
- ‘This year’s Cool Vendors in risk management demonstrate the opportunity for technology to help drive better awareness and decision making in the rapidly evolving world of digital business.’
New risk management technology
The report goes on to herald a significant disruption in the risk management technology space. In its own words:
The dawn of a new era in risk management technologies is emerging that undoubtedly will disrupt the current GRC software marketplace. Risk management professionals are demanding new technology to support a wide range of digital business transformation initiatives.
James Lawn, Polecat’s CEO said: ‘We’re delighted to be recognised as being innovative, intriguing and impactful in digital risk management solutions, and we are excited to see how this market evolves. At Polecat, we’re passionate about bringing meaning to the world of unstructured data and providing organisations with the intelligence to make the best data-driven decisions. We are grateful to our many clients and partners who continue to constructively challenge and help our solutions go from strength to strength.’
1 Gartner, Cool Vendors in Risk Management, 2016, April 26, 2016
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.