GRC (Governance, Risks and Compliance) solutions provide a clearer view of all the company's relevant information, integrating sectors, improving communication and increasing employee productivity.   

According to a study carried out by Bravo Research, this market is expected to grow by up to 60% over the next 3 years, reaching a value of 786 million dollars.   

With this in mind, we'll explain below the advantages of implementing a CRM strategy and how it can maximize your IT productivity. Have a good read!  

Challenges faced by IT  

Nowadays, the IT sector is one of the most challenging within a company, regardless of size. These include:   

• Need to comply with internal and external compliance regulations;  
• Constant management of risks that could jeopardize information security and, consequently, company data;  
• Reduced operating costs.  

Since 2020, companies have shown a tendency to look for incident prevention software. One of the reasons for this is probably the General Data Protection Law (LGPD), which came into force during this period, as well as the pandemic, in which organizations had to adapt to the remote working model.  

Taking all sectors into account, it can be said that GRC solutions will have a similar impact on small, medium and large companies.   

According to the study, the large companies will have a market of US$ 31.3 billion and a 52% share, while the smaller ones will be responsible for slightly less, around US$ 29.5 billion (48% share).   

How does GRC reduce IT costs?  

According to the survey, software accounts for around 63% of the GRC market. These tools aim to manage risks, incidents, policies and compliance and audits.   

Through them, it is possible to reduce operating costs and improve the efficiency of the IT sector within the company.   

Using risk management software, for example, employees are able to identify sensitive areas, monitor system performance and carry out preventive measures.   

Another important point to note is that risks were less relevant in the past.  

With the advance of technology, cybercriminals have made it necessary for companies to prepare themselves against possible attacks that have become much more critical and can cause much greater damage.   

Other advantages of GRC for IT work   

In addition to reducing costs for the company, a well-implemented CRM strategy brings other advantages, such as increased productivity and a strategic vision for teams.   

By automating processes and optimizing resources, the company can devote more time to core activities, increasing the efficiency of operations and reducing the time needed to complete tasks.   

GRC also enables strategic alignment between teams, as it centralizes and integrates governance, risk and compliance processes. This means that all areas of the company can work in an integrated manner, sharing information and collaborating towards common goals.    

In addition, the GRC strategy also provides indicators for creating and tracking performance indexes that help companies monitor and evaluate the performance of their activities, identifying strengths and weaknesses and taking measures to improve the efficiency of operations.  

Discover the CRM services offered by ISH  

The digital transformation is in every sector, and cyber security has never been talked about as much as it is today. The IT area, for its part, must keep pace with the others, even in terms of the number of investments.  

If you want your business to grow and evolve, you need to know the risks, reduce the threats and maximize the opportunities. To do this, get to know the GRC services offered by ISH!