Better visibility of risks
Given that all of the data is stored in one place, IRM offers better accuracy and greater visibility of risk and compliance status. This means that risks
can be easily identified, addressed, tracked and reviewed – reducing the
likelihood of adverse outcomes and improving decision making.
Again, due to the centralization, IRM tools can offer a higher degree of automation. When configured appropriately, it recognises the complex
relationships between the data sets (for example: risks and controls, or vulnerabilities and incidents) – not only does this save a substantial amount of time (where there’s a skills shortage) but it also reduces the likelihood of human-error.
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.