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 this space, emphasizing cloud-based platforms, AI, and real-time analytics. The conversation also highlights the importance of agile, collaborative risk management, leveraging AI for proactive risk identification, and the need for risk professionals to develop both technical and soft skills to thrive in this evolving landscape.
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