Another path to efficiency gains may be through
technology. Allocating an appropriate amount
of scarce budget dollars to technology may be a
challenge, but the payoff in efficiency gains may
quickly offset costs. In the survey, 29% of respondents
reported their companies are using GRC-specific
technology, up from only 23% in last year’s survey.
While adoption numbers have increased, however,
only 22% of respondents believe their organizations
effectively leverage GRC technology. Significantly,
36% don’t feel their organizations effectively leverage
GRC technology.