Announcement
Noggin, the global leader in integrated resilience management technology, achieved the highest capabilities assessment out of the 16 vendors, with recognition for innovative, leading, and mature functionality across several categories.
SYDNEY, Australia, 23 May 2024 – Noggin, a global industry leader in integrated resilience management technology, was recognized by independent research firm Verdantix, in its Smart Innovators: Operational Resilience Software report. Offering a comprehensive benchmark of capabilities across 16 solution providers, the report evaluates vendors’ capabilities across 12 key functionality areas to enable executives to make informed decisions when purchasing operational resilience software.
As the report notes, regulatory compliance, stakeholder expectations, and the growing volatility of the risk landscape highlight the importance of operational resilience. Accordingly, the need for effective operational resilience software – defined in the report as specialized solutions that enhance firms’ foresight in predicting, preventing, withstanding, adapting to, and rebounding from unexpected disruption and risks across various operational domains – has grown against this complex backdrop.
As a result, leading operational resilience providers, such as Noggin, are innovating to meet increased customer demand for aggregate internal and external data from various sources, compliance with regulatory and mandatory frameworks, established, appropriate governance for risk management, and effective management of risks associated with third-party relationships.
Across the 12 key functionality areas that vendors’ capabilities were assessed, Noggin specifically earned the highest recognition, innovative/leading functionality, for its policies & procedures capability. Equally impressive, seven other Noggin capabilities were recognized as advanced/mature functionality, including such crucial components of an effective operational resilience solution as regulatory compliance & reporting, risk assessments, ICT risk management & cyber security, business continuity planning/ disaster recovery planning (DRP)/ incident management (IM), and third-party risk management (TPRM).
Noggin, in response to the very same market forces the report describes, added a dedicated Operational Resilience Solution to its one-of-a-kind integrated resilience workspace. The Operational Resilience solution connects the people, processes, and tools required for organizations to enhance their operational resilience. Using the award-winning solution, organizations can minimize the impact of disruptions and still deliver critical products and services to meet their obligations to customers, stakeholders, and the wider economy.
“We are very proud to be recognized in “Smart Innovators: Operational Resilience Software,” particularly our top placement among the shortlisted solution providers,” said James Boddam-Whetham, CEO at Noggin. “Our DNA is in resilience. And now that the demand for operational resilience software is peaking, we couldn’t be more pleased to be garnering the kind of sterling recognition evidenced by designations of advanced functionality and above in two thirds of the key functionality areas for our extensive product innovation.”
“Due to growing systemic complexities, and a rapid pace of disruption, firms are encountering challenges in implementing robust operational resilience frameworks,” commented Elizabeth Babalola, Industry Analyst, Verdantix. “Vendors are developing solutions to alleviate the challenges faced by firms in sourcing both relevant internal and external data, navigating the intricacies of defining operational resilience metrics, leveraging historical data for insights into the predictability (or otherwise) of events, and establishing a unified framework inclusive of third-party risk exposure – as provided, for example, by the Noggin resilience platform.”
*Verdantix, Smart Innovators: Operational Resilience Software, May 2024
Download the full report, here.
About Noggin
An industry-leader in integrated resilience management technology, Noggin provides a next-generation, cloud-based software platform that combines 10 solutions in one platform.
Noggin’s award-winning integrated resilience workspace seamlessly unifies operational & third-party risk management, operational resilience, business continuity, incident & crisis management, emergency management, and security & safety operations.
For more, visit: www.noggin.io
