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, Risk and Compliance (GRC), driven by the need to manage digital threats and climate change risks. The firm advocates for the adoption of IRM technology to provide comprehensive risk visibility and enable proactive risk management. Wheelhouse Advisors offers an IRM Navigator™ framework and reports to assist organizations in implementing effective IRM strategies. Their predictions include widespread IRM platform adoption, converged risk strategies, and mandatory integrated reporting.
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