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Enterprise Risk Management (ERM) is a management process used to identify, assess, and manage potential risks that could affect an organization. It is a holistic approach to risk management that considers all aspects of an organization’s operations, including financial, operational, strategic, and compliance risks. ERM helps organizations identify and prioritize risks, develop strategies to mitigate them, and monitor their effectiveness. ERM is an important tool for organizations to ensure that they are prepared for potential risks and can respond quickly and effectively.
ERM is a growing market, with organizations increasingly recognizing the importance of managing risk. Companies are investing in ERM solutions to help them identify, assess, and manage risks, as well as to ensure compliance with regulations.
Some companies in the ERM market include IBM, Oracle, SAP, Deloitte, KPMG, and EY. Show Less Read more
