You are on page 1of 1

Operational Risk Management Adding Value to Organizational Performance Managemen t TechNavio today published its report Global Operational

Risk Management (ORM) Ma rket 2010 2014. The report discusses the significant trends impacting this market. TechNavio s report highlights that the rising demand for ORM solutions in specific s egments such as Insurance, Asset/Fund Management, and Broker/Dealers has fuelled the growth of the Global ORM market. The risk management expenditure in these s egments is driven by an increased focus on the benefits of compliance and the co nvergence of ORM. This expenditure is expected to increase further as the focus shifts from regulatory compliance to value-adding performance management. Commenting on the report, an analyst from TechNavio s Enterprise Applications team s aid, The forthcoming year will see a shift in the perception of compliance, with an increasing number of firms no longer seeing risk management as a burden, but an opportunity to reinforce control strategies and achieve better transparency. Th rough the adoption of ORM, financial institutions can exercise better control ov er their operations in a timely manner, thus attaining a greater chance of preve nting losses. Key findings from the report: * Increased Demand for Accountability and Transparency * Inconsistent Techniques for Advanced Measurement Approach * High Growth Expected in EMEA and APAC The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report c ontains a comprehensive market and vendor landscape in addition to a SWOT analys is of the key players. TechNavio, the market research platform of Infiniti Research Ltd, publishes peri odic reports on niche and emerging technologies. For further information, please visit www.technavio.com. Follow us on Twitter for latest updates http://twitter.com/Technavio Media Contact: Ludmila Berkesova Program Manager Technavio 8 Wimpole Street W1G 9SP London UK Tel: 0044 207 637 2456 Fax: 0044 845 280 2825 ludmila@technavio.com http://www.technavio.com

You might also like