Welcome!

Artificial Intelligence Authors: William Schmarzo, Progress Blog, Kevin Jackson, Pat Romanski, Liz McMillan

Related Topics: Containers Expo Blog, Microservices Expo, Artificial Intelligence, @CloudExpo

Containers Expo Blog: Press Release

Cloud Computing: SAP Launches Next-Generation of GRC Software

SAP BusinessObjects GRC Technology Foundation Helping Organizations Ensure Safe, Compliant and Productive Operations

"As organizations grow, they must manage different types of risks and controls to be successful," said Paul Proctor, vice president and distinguished analyst, Gartner. "They also have to overcome the challenges of increasing audit and regulatory requirements in distributed environments. GRC management software can help companies succeed by automating traditionally manual processes to identify and manage risk so the organization can pursue new opportunities."

SAP on Wednesday announced the availability of its newest release of governance, risk and compliance (GRC) software, providing a single, unified environment for the most comprehensive support for management, monitoring and analysis of enterprise risk and compliance activities. Nearly three years in the making, the new release integrates GRC capabilities into everyday business processes, helping make risk management, regulatory compliance and safe, productive operations a standard and a consistent practice.

The new release introduces a common look and feel across all applications in the GRC suite; embedded business intelligence (BI) reports and dashboards; and a graphical tool to define and depict risks. The new features make the products easier to use and enable people to garner attention to risks from business managers who have limited GRC expertise. By integrating GRC activities into core business processes and applications, executives can manage their businesses proactively and strategically rather than reactively.

The new release of GRC solutions from the SAP BusinessObjects portfolio is the next step in SAP's business analytics road map to deliver customer-friendly business software that combines best-in-class analytics with proven SAP business applications. The new release unifies all GRC activities on a standard platform and connects easily to other pieces of the business analytics portfolio for far greater transparency, control and support for corporate strategy

The software offers policy management and audit capabilities, granular security controls, enterprise support and the ability to transport and archive data. It thus helps executives overcome the common challenges that result from fragmented and disconnected GRC solutions: poor visibility into risk exposure; processes that are reactive, inefficient, costly or manual; large time and personnel requirements to effectively manage risk and compliance; and lack of alignment from not having risk and compliance processes embedded within the business.

The SAP BusinessObjects Access Control, SAP BusinessObjects Risk Management and SAP BusinessObjects Process Control applications share processes and data, as well as a common, easy-to-use interface, and specifications for different industries and lines of business. This unified approach helps companies gain complete management of all risks and controls from a single environment. Customers also gain the following benefits:

Optimized strategic performance through real-time analysis of risk across all lines of corporate strategy. With tools to manage risk and compliance effectively, businesses can operate with far greater risk awareness in order to help improve performance.

Maximized visibility across all risk, compliance, policy and audit initiatives. By automatically monitoring risk and compliance effectiveness, business managers can identify, respond to and proactively prevent potential risks and compliance violations before they occur. Automatic identification and prioritization of risks combined with proactive alerting and escalations allow managers to take immediate action on the most critical risks and compliance violations.

Increased operational efficiencies to raise the value and help lower the cost of GRC programs. By automating critical risk management, compliance and monitoring activities, organizations can minimize the associated cost and effort required. Additionally, a standardized technology platform drives lower configuration and management costs and allows companies to take advantage of their employees' existing SAP skills.

"Bow-tie" builder for defining and configuring risk and risk metrics. Through an easy-to-use interface, people can work collaboratively with a common language to create methodologies for managing and remediating risks. This helps promote a better understanding of the contexts in which risks are to be assessed, and can help make compliance and risk management more strategic initiatives for the overall organization.

Policy life-cycle management capabilities automate and simplify policy definition and scoping, review and approval, and overall management processes. This enables companies to implement and support collaborative, transparent policy life-cycle management activities.

Openness for partner-built content, enabling tailored risk and compliance solutions that meet the specific needs of high-risk and highly regulated industries such as financial services, oil and gas, utilities, aerospace and defense, and life sciences. While advancing each core GRC area, SAP has also worked in parallel to create a platform that allows customers to benefit from the domain and content expertise of the vibrant SAP partner ecosystem.

SAP's GRC Strategy, Solutions Well Received by Customers and Partners Worldwide

"With users located across the globe and multiple SAP systems, managing user access risk effectively is an audit concern for most companies, and Levi Strauss & Co. is no exception," said Tammy Amirault, vice president, Information Technology, Levi Strauss & Co. "In our effort to improve Levi's overall compliance strategy and user provisioning model, the centralized capabilities that the new release of SAP BusinessObjects Access Control delivers are very timely and fit extremely well with the SAP global approach at Levi."

 "The opportunity to experience at this year's SAP GRC conference the capabilities of the new identity management and SAP BusinessObjects Access Control 10.0 confirmed my belief that GRC will continue to serve Westinghouse as a strategic solution for regulatory compliance and effective identity management," said Matt Tolbert, global manager, Information Security, Westinghouse Electric Company.

Tapping into the substantial catalog of complementary solutions from the SAP partner ecosystem, the SAP BusinessObjects GRC technology foundation incorporates best-practice processes and content for industry- and line of business-specific risk and compliance management. This enables customers to quickly get up to speed with managing the particular risk and regulatory requirements for their businesses and industries. They also can efficiently support new industry requirements as they arise, identifying and aligning specific risks with the necessary supporting policies and procedures.

"Whenever a new risk or compliance issue hits the news, the question on the mind of every executive is, ‘Can this happen to us?' and SAP BusinessObjects GRC solutions provide the most comprehensive platform for compliance and risk professionals to answer these types of tough questions," said Jim Dunham, group vice president, GRC Solutions, SAP. "The best-run companies focus on GRC as an enabler of better business performance that can help them protect value and optimize organizational performance."

More Stories By Liz McMillan

News Desk compiles and publishes breaking news stories, press releases and latest news articles as they happen.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


@ThingsExpo Stories
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics gr...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things’). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing? IoT is not about the devices, it’s about the data consumed and generated. The devices are tools, mechanisms, conduits. In his session at Internet of Things at Cloud Expo | DXWor...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.