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OneTrust prioritizes innovation to make trust a differentiator
Forrester report recognizes OneTrust ‘is on a rapid trajectory to be a major player in the holistic GRC market’
December 11, 2023
OneTrust has been named a Strong Performer in The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q4 2023, which to OneTrust proves its commitment to strategically developing governance, risk, and compliance (GRC) offerings for businesses around the world.
“OneTrust prioritizes innovation to make trust a differentiator,” the report states. “OneTrust’s forward-looking vision is to lead customers on a trust transformation journey. Still staying true to its privacy roots, the company is on a rapid trajectory to be a major player in the holistic GRC market.”
Effective GRC programs today require an intelligent approach that underpins traditional automated rules with compliance content and continuous expert guidance across activities — all delivered through an intuitive platform experience.
The OneTrust platform distinguishes itself by seamlessly integrating native and third-party intelligence data to automate risk response and remediation. Augmenting this capability, OneTrust's GRC labs team delivers curated frameworks, templates, and prescriptive content directly to users eliminating the regulatory change management burden.
"At OneTrust, our vision is to guide our customers through a transformative journey of trust. And that journey includes embracing innovative approaches in shaping the future of how Governance, Risk, and Compliance initiatives are managed," says Cliff Huntington, General Manager at OneTrust.
Risk response and remediation
Risk management without the ability to effectively respond and remediate is not a productive endeavor. The ultimate objective of risk management is to be able to respond, make risk-informed decisions, and to establish a resilient organization which is accomplished by continuous program improvement facilitated by risk remediation.
OneTrust believes that receiving the highest possible score in the Risk Response and Remediation criterion is a testament to OneTrust’s prescriptive approaches in helping customers on their journey to optimizing their ability to make risk-informed decisions while continually improving their ability to remain resilient.
“OneTrust boasts an unmatched commitment to innovation with over 300 approved patents in mid-2023…” the report states. “OneTrust also has a strong community strategy that puts thought leadership and practitioner knowledge first. Its roadmap is on par and prioritizes enhancements across a wide spectrum of GRC use cases, which will help evolve the platform into a holistic GRC solution.”
“On the foundation of the Trust Intelligence Platform, our roadmap is strategically aligned to help organizations break down silos, surface and mitigate risk, and go beyond compliance as they build and scale their GRC programs,” Huntington said.
The road ahead
Acknowledging the evolving risk landscape, OneTrust has recently introduced an Enterprise Risk Management (ERM) solution, facilitating the aggregation and management of disparate and domain-specific risks and providing organizations confidence in their ability to make risk-informed decisions.
Risk management for any line of business, let alone the entire enterprise, is a massive undertaking that is resource- and time-intensive. Enterprise Risk Management has a multitude of benefits for your organization, including to:
- Establish a single source of risk truth. Mapping risks together helps one understand how they impact and influence each other.
- Inform visibility. Defined taxonomies, risk aggregation, and dynamic scoring provide higher levels of confidence to decision-makers.
- Risk-based prioritization fosters trust between security, privacy, and business teams by aggregating risk data across from OneTrust Domains to prioritize and reduce risk across the enterprise.
- Improve cross-functional collaboration. An integrated GRC platform can help all teams seamlessly communicate and coordinate risk management activities.
- Implement risk framework: With consistency in governance, companies can achieve operational resilience as a natural part of daily operations and not simply a compliance activity.
Find out more about OneTrust’s standing in The Forrester Wave™ 2023 report here, and to request a GRC demo, click here.
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