The Risk Wheelhouse

The AI revolution isn't coming—it's already here, transforming how organizations operate. But with tremendous power comes significant responsibility. How do forward-thinking companies harness AI's potential while protecting themselves from serious risks? This deep dive explores the critical framework of Integrated Risk Management (IRM) as it applies specifically to artificial intell...

In this week's episode, we discuss how Wheelhouse Advisors affirms the lasting importance of Integrated Risk Management (IRM) as a comprehensive approach to managing diverse organizational risks. Despite some analysts updating their terminology, the core idea of uniting technology, processes, and data for effective risk oversight remains crucial. IRM offers enhanced visibility, streamlined pr...

This week's episode, "The Bargain AI That Could Break Your Business," explores the emerging practice of AI model distillation, where large AI models are compressed into smaller, more efficient versions. While this offers benefits like reduced costs and wider accessibility, John A. Wheeler - founder and CEO of Wheelhouse Advisors and leading global expert on risk management technolog...

In this episode of The Risk Wheelhouse , hosts Sam Jones and Ori Wellington discuss the limitations of traditional governance, risk, and compliance (GRC) approaches to internal audit and inspector general (IG) roles, inspired by John Wheeler's insights. Key Points: Independence as a Myth: Complete independence in internal oversight is impractical since auditors and IGs are often embedded with...

Discover the complexities and contradictions in climate disclosure regulations as we explore the latest developments on both sides of the Atlantic. Will the U.S. Securities and Exchange Commission buckle under legal and political scrutiny, or will it forge ahead with its ambitious plans? Meanwhile, California's independent path and the European Union's Corporate Sustainability Reporting...

Unlock the secrets of transforming risk from a mere compliance task into a strategic powerhouse with our latest episode on Integrated Risk Management (IRM). You'll learn why traditional methods like Enterprise Risk Management (ERM) and Governance, Risk, and Compliance (GRC) often miss the mark by remaining too siloed. We bring IRM to life with compelling analogies and real-world examples, suc...

Oracle's decision to sunset its GRC suite by May 2025 is driving a shift towards more modern, integrated risk management solutions. This transition offers an opportunity to reevaluate and modernize risk management approaches, moving from static compliance to proactive, data-driven strategies. Key players like Diligent, NAVEX, Riskonnect, Mitratech, and ServiceNow are emerging as leaders in th...

In this episode, Ori Wellington and Sam Jones discuss the transformative potential of autonomous Integrated Risk Management (IRM) enabled by AI agents. These agents dynamically analyze data streams to predict and prevent risks in real-time, enhancing operational, enterprise, technology, and governance risk management. They highlight AI's ability to adapt internal controls, predict future risk...

Wheelhouse Advisors , a firm specializing in integrated risk management (IRM), uses the GM Smart Driver case study to illustrate the importance of proactive risk assessment in the digital age. Their publications, including the RiskTech Journal and The Risk Wheelhouse podcast , promote IRM as a holistic approach to managing risks across an organization, encompassing technology, operations, governan...

In this episode of The Risk Wheelhouse , hosts Ori Wellington and Sam Jones delve into the transformative potential of Artificial Intelligence (AI) in healthcare and the critical role of Integrated Risk Management (IRM) in navigating this evolving landscape. From advancements in personalized medicine and real-time diagnostics to challenges like data security, regulatory compliance, and algorithmic...

The podcast discusses Wheelhouse Advisors' 2025 Integrated Risk Roadmap, which outlines a proactive approach to risk management. The roadmap is divided into four quarters: Q1 focuses on Technology Risk Management (TRM), highlighting the importance of vulnerability assessments, security training, and AI-driven solutions. Q2 emphasizes Operational Risk Management (ORM), using the EU's Digi...

Wheelhouse Advisors predicts that by 2025, integrated risk management (IRM) will be crucial for organizations navigating the interconnected challenges of digital transformation and sustainability. A survey highlights the increasing integration of Enterprise Risk Management (ERM) with other risk domains including Operational Risk Management (ORM), Technology Risk Management (TRM) and Governance, Ri...

The RiskTech Journal article "Navigating IFRS S1 and IFRS S2: A Pathway for Integrated Risk Management and Sustainability" explains the International Sustainability Standards Board's (ISSB) new standards, IFRS S1 and IFRS S2, which are designed to standardize and increase transparency in sustainability-related disclosures. The hosts argue that integrated risk management (IRM) provid...

The discussion centers on the increasing severity and financial impact of cybersecurity threats, using the recent UnitedHealth hack as a case study. Since the breach was uncovered at its Change Healthcare unit in February, UnitedHealth has reported total costs of $2.46 billion—far exceeding its original forecast of $800 million. The hosts argue that businesses need to adopt IRM, a more comprehensi...

The sources discuss the U.S. Department of Justice's updated guidance on corporate compliance programs, which emphasizes the importance of integrated risk management (IRM) for organizations to meet the evolving regulatory landscape. The updated guidance highlights the need for companies to address the risks associated with emerging technologies, such as AI, and to create a culture that foster...

The Wheelhouse Advisors IRM Navigator™ 2024 Annual Viewpoint Report focuses on the integrated risk management (IRM) technology market. The report provides an overview of the market, including key objectives, market trends, segments, vendors, and future outlook. It explores the role of IRM technologies in helping organizations navigate the complex and rapidly changing risk landscape, particularly i...

The discussion is focused on Wheelhouse Advisors’ “ 2024 IRM Quarterly Insight Report - GRC Edition, ” which discusses the evolution of governance, risk, and compliance (GRC) and its importance within the broader framework of integrated risk management (IRM). The report highlights the benefits of integrating GRC applications into a unified IRM platform, providing a comprehensive view of all risks,...

The Integrated Risk Management (IRM) market is on the brink of a significant transformation, projected to expand from $56.1 billion in 2024 to $133.2 billion by 2031 , boasting a compound annual growth rate (CAGR) of 11.4% according to Wheelhouse Advisors . This explosive growth underscores the escalating demand for advanced risk management solutions. Just as automobiles have evolved from basic br...

This episode recaps the keynote address given by John A. Wheeler, founder and CEO of Wheelhouse Advisors, at the Riskonnect Annual User Conference in October 2024. The address focused on the need for organizations to transition from traditional risk management approaches to a more integrated and forward-looking model known as Integrated Risk Management (IRM). Wheeler argues that the rapid pace of...

With industry leaders like ServiceNow and Salesforce making significant strides in the AI agent market, we are witnessing a transformative moment for business technology. These advancements signal a shift in automation capabilities and present a massive opportunity to develop AI agents specifically for autonomous IRM capabilities . AI is shifting from basic chatbots to sophisticated agents capable...

The KPMG Future of Risk report highlights the increasing need for Integrated Risk Management (IRM) as companies face a growing number of complex and interconnected risks. The report states that 68% of companies believe integrating risk management systems enhances decision-making, and 90% have accelerated their risk transformation efforts. The Wheelhouse Advisors IRM Navigator™ framework addresses...

An introduction to Integrated Risk Management, exploring its fundamentals and identifying the stakeholders who gain the most value from its implementation. Visit www.therisktechjournal.com and www.rtj-bridge.com to learn more about the topics discussed in today's episode.  Subscribe at Apple Podcasts , Spotify , or Amazon Music . Contact us directly at info@wheelhouseadvisors.com or visit us...