Many businesses are undergoing a digital transformation. Risk and compliance professionals must continuously assess the unique and ever-changing factors that impact their ability to remain compliant, like regional and national regulatory requirements, security and IT risks and risks from third parties. What does that mean? In layman terms, it’s implementing multi-cloud solutions in an age of big data. If that sounds like a lot of buzzwords, let’s make it simple – industries prefer cloud solutions, which always comes with security risks. Meanwhile, it’s becoming popular trend to run a business on democratic, high-velocity data.
As more regulations come into existence and companies migrate their infrastructure to the cloud, the risk of non-compliance and associated impact increases. In order to pick a suitable compliance solution for a business, one needs to think about a variety of factors. Thus, choosing the right compliance solution means selecting between software and services. Additionally, software tools help business leaders understand which compliance regulations apply to their business, as well as how to conform to them. It also covers things like compliance asset tracking. This helps small businesses keep track of inventory where compliance is being applied.
To help CIOs and CEOs find the right compliance technology provider for their enterprise, our selection panel has evaluated the best of breed compliance solution providers. In our selection, we looked at the vendor’s capability to fulfil the burning need for cost-effective and flexible solutions that tackle complex compliance challenges.
We present to you CIOApplications Europe’s “Top 10 Compliance Solution Providers - 2020.”