There has never been a more critical time for companies to eliminate sources of risk complexity and costs, regardless of whether the organization operates in one of the many hazardous industries. Most business leaders—90%—understand that the digital revolution known as Integrated Risk Management 4.0 (IRM 4.0) will accelerate their ability to achieve Operational Excellence. Yet they are struggling to catch up with the pace of Digital Transformation and changes in the market, regulations and consumer expectations.
Other hurdles within their organizations also stand in the way from budgetary constraints to leadership buy-in to regulatory concerns. This survey provides an overview of the technologies currently in place and the most important factors in determining investment in technology in the next few years, among other issues. Half (52%) of the respondents work in either Oil & Gas or Manufacturing, and a little less than half (42%) of the respondents work in large organizations valued at $1 billion or more.
Download the report.