Top 10 Risk Assessment Solutions Companies – 2022

Technological innovations are fundamentally changing the way business risks are analyzed and assessed. Digital risk analytics and assessment solutions are taking the front seat over traditional ones as business leaders realize that they need better and stronger enterprise risk management programs to stay competitive in today’s market.

A recent report by Markets and Markets reveals that the global risk analytics market is expected to grow from $39.3 billion in 2022 to $70.5 billion by 2027 at a CAGR of 12.4 percent.

What powers this stellar growth is a gamut of tech trends in the arena. Machine learning-based fraud detection solutions are inducing a paradigm shift in the digital risk analytics landscape. A cognitive solution powered by the advancements in artificial intelligence holds the ability to process both structured and unstructured data to accurately evaluate the risk of fraud.

Businesses are relying on advanced networked technologies to gain a deep look into their organization-wide risks, tap into ways to mitigate them, and enable real-time risk tracking. Comprehensive governance, risk, and compliance platforms are also gaining traction as they can integrate every type of risk management activity, such as managing policies, performing risk assessments, and strengthening the overall risk posture.

This edition of CIOReview delivers a bird’s-eye view of the recent developments in the risk analytics sector and insights into how companies are aligning with these latest trends to transform legacy practices and improve outcomes.

We have curated thought leadership articles from industry experts, including the Region Finance Controller –SAMA, ABB and the Chief Information Security Officer at First Bank. We also took a deep dive into the market trends to narrow down the list of companies delivering robust risk analytics and assessment solutions. Equipped with innovative technological capabilities, the enlisted companies, such as Rocktop Technologies and American Technology Services, help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of CIOReview on risk analytics helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!

    Top Risk Assessment Solutions Companies

  • 1

    American Technology Services combines decades of industry experience with the latest technologies to provide unparalleled services in information technology to support small and mid-sized businesses. ATS’s technology helps clients tackle a broad spectrum of IT issues, from top-level strategy, managed services and infrastructure support, compliance, privacy, and security, to IT operations in the cloud and on-premise.

  • 2

    Abacus Technologies

    Abacus Technologies

    Abacus Technologies, established in Birmingham in 2000, helps organizations with their security and compliance, telecommunications, and network infrastructure needs, allowing them to become stronger and smarter. When assessing business risk posture, the team looks at the Top 20 CIS Controls and any industry-specific compliance laws

  • 3

    Armis

    Armis

    Armis is the industry's premier asset intelligence and security platform, designed to cover the entire asset attack surface, including managed, unmanaged, IT, OT, IoMT, IoT, cloud, and linked 5G assets. Armis continually analyzes assets for vulnerabilities, giving each asset an upto- date risk assessment. Using CVSS Scores, the software automatically prioritizes

  • 4

    CynergisTek

    CynergisTek

    The Security Risk Assessment solution from CynergisTek combines deep subject matter experience in cybersecurity operations, risk management, governance, and regulatory compliance with industry-recognized frameworks and risk analysis methodologies. This objective, third-party evaluation delivers a clear picture of cyber risk, suggestions to improve the business's overall risk posture, and a measure of regulatory compliance

  • 5

    KDM Analytics

    KDM Analytics

    KDM Analytics offers automated risk and vulnerability analysis tools that allow businesses to discover all possibilities: how a system might be attacked, the threats and undesirable events that can lead to assaults, and the consequences of such attacks. The company's cybersecurity risk management solutions use both top-down risk and bottom-up vulnerability assessments to generate a prioritized list of actions based on credible evidence

  • 6

    Lokyata

    Lokyata

    Make smarter lending decisions at scale with Lokyata to reduce risk and boost revenues. They are a group of driven entrepreneurs, digital evangelists, credit scoring specialists, data scientists, and software engineers to enhance technology to increase financial inclusion

  • 7

    MasterControl

    MasterControl

    MasterControl RiskTM provides a comprehensive perspective of the enterprise's risk landscape. This encompasses all product lines, business units, processes, quality management, and document control, among other things. Quality risk management software's tracking and analysis functions allow users to quickly detect and mitigate long-term system, process, and product risks

  • 8

    Quentic

    Quentic

    Quentic allows users to recognize and analyze hazards systematically in a wellstructured and up-to-date manner. Quickly and systematically record information regarding equipment actions, ergonomics, and dangerous substances. AMCS, the world's largest provider of integrated software & vehicle technology for the environmental, utility, trash, recycling, and resource sectors, and Quentic, one of the top solution providers of Software as a Service for EHSQ and ESG management

  • 9

    RiskWatch

    RiskWatch

    SecureWatch by RiskWatch is a state-ofthe- art security and risk assessment tool that can be used for facility compliance and security risk assessments. It Limits business liability exposure, control risk, monitor and maintain security, and track continual progress

  • 10

    Tenable

    Tenable

    "Tenable One is a fully integrated cloudbased platform focusing on exposure control through analytics. It contextualizes the breadth of the Tenable product range — from vulnerability management to cloud security, identity security to external attack surface management, and more — to help users make smarter cyber risk decisions