{"id":2108,"date":"2018-07-26T14:39:38","date_gmt":"2018-07-26T18:39:38","guid":{"rendered":"https:\/\/solutionsreview.com\/security-information-event-management\/?p=2108"},"modified":"2019-06-24T11:49:19","modified_gmt":"2019-06-24T15:49:19","slug":"key-findings-gartner-2018-magic-quadrant-integrated-risk-management","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/security-information-event-management\/key-findings-gartner-2018-magic-quadrant-integrated-risk-management\/","title":{"rendered":"Key Findings: The Gartner 2018 Magic Quadrant for Integrated Risk Management"},"content":{"rendered":"

\"Integrated<\/p>\n

Analysis and research firm Gartner, Inc. has released the first iteration of its yearly Magic Quadrant (MQ) for Integrated Risk Management.<\/span><\/p>\n

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Every year, Gartner evaluates the strengths and weaknesses of the Integrated Risk Management solution providers that it considers most significant in the current market and provides readers with a graph\u2014the titular Magic Quadrant\u2014 which plots those vendors based on their ability to execute their platforms and their completeness of vision.<\/span><\/p>\n

The 16 vendors in this year\u2019s report are in alphabetical order: ACL, CURA Software, Dell Technologies (RSA), IBM, Ideagen, Lockpath, LogicManager, MetricStream, Mitratech, Nasdaq, Resolver, Riskonnect, Rsam, SAI Global, ServiceNow, and Thomson Reuters. <\/span><\/p>\n

Like other Magic Quadrants, the Integrated Risk Management graph is divided into four quadrants: niche players, challengers, visionaries, and leaders. Gartner stresses that it does not endorse any vendor, product, or service depicted in its research publications, regardless of their quadrant position. <\/span><\/p>\n

The 2018 Gartner Magic Quadrant for Integrated Risk Management is the very first iteration of the report. This report evolved out of research on Governance, Risk, and Compliance technology solutions, which Gartner has shifted away from according to a blog post on the subject last year and the MQ itself. \u00a0<\/span><\/p>\n

The Integrated Risk Management MQ Report found that the IRM market is maturing and is becoming a more practical solution to governance controls. Gartner predicts the market will grow, reaching $7.3 billion by 2020. It is the largest market under the security and risk management (SRM) software ecosystem umbrella. Researchers cite a Ropes & Gray survey that found that 87% of enterprises believe \u201ccollaboration between their risk managers would improve the overall risk profile.\u201d <\/span><\/p>\n

At Solutions Review, we read through the full report and pulled a few of the important takeaways. Here they are: <\/span><\/p>\n

How Gartner Defines Integrated Risk Management<\/b><\/h3>\n

According to Gartner, IRM solutions are \u201cthe combined technology, processes and data that fulfill the objective of enabling the simplification, automation and integration of strategic, operational and IT risk management across an organization.\u201d In other words, it should provide enterprises with the tools to assess risk and control effectiveness, identify risk events, and manage remediation effort. This risk assessment must extend past the enterprise itself to third-party vendors and outsourced partners. <\/span><\/p>\n

The Magic Quadrant report also proffers the Critical Capabilities each Integrated Risk Management solution must have: \u00a0\u00a0<\/span><\/p>\n