GRC initiatives gaining, compliance still a must-do

We've discussed the idea that compliance initiatives can yield strategic benefits, if done right. A new survey from AMR Research seems to suggest that more companies are getting on board with this idea. Companies will spend more than $32 billion on governance, risk management and compliance (GRC) in 2008. That's an increase of 7.4 percent over 2007. Meanwhile, spending on Sarbanes-Oxley compliance is expected to grow only 2 percent to $6.2 billion. What to make of this? The fact is, that a lot of GRC investment relates to Sarbox compliance. Rather than a Sarbox-specific project, why not include the project as part of larger, more strategic, deployment? Risk-management, intimately related to Sarbox, is seen as a big driver behind the trend.  

For more:
- here's the release

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