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IBM OpenPages is an integrated governance, risk, and compliance (GRC) platform that enables companies to manage risk and regulatory challenges across the enterprise. The software was developed by American Computer Innovators in 1996.
Risk management is the identification, evaluation, and prioritization of risks, [1] ... (IBM, 1970) proposed a formula for presenting risks in financial terms. The ...
IBM OpenPages and Algorithmics will be combined to form a new Risk Analytics pillar within the Business Analytics software division. Algorithmics was voted as the leading enterprise risk firm for market risk, economic capital risk calculation, risk dashboards and collateral management in Risk magazine 's 2010 Technology Rankings.
The Certified Information Systems Auditor Review Manual 2006 by ISACA provides this definition of risk management: "Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the ...
Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (company's policies, procedures, etc.).
It is designed to be readily accessible to business users and by focusing on industry issues such as Sales and Customer Services, Marketing and Analytics, Customer Relationship Management, Policy Administration, Product Development, Insurance Claims and Risk and Compliance.
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