Business Intelligence & GRC

Does the business intelligence (BI) issue fall under the governance, risk and compliance (GRC) domain?

Business intelligence (BI) is an essential component to a successful governance, risk and compliance (GRC) strategy: It involves what I refer to as risk and regulatory intelligence. Basically, business has to monitor its internal environment — as well as the external environment the company operates in — for issues, events and risks that can impact the organization. The goal is be intelligent to maximize opportunities while mitigating or avoiding negative events.

In the business intelligence (BI) this means implementing tools that have the ability to integrate into your environment to monitor changes, collect information, and report on the state of GRC across systems, processes and business relationships. Further, these tools need to have content and process/workflow management capabilities to store information and provide processes to evaluate risk.

My original post on this topic focused more on IT-GRC/Security can be found at SearchDataManagement.com

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