NewswireToday - /newswire/ -
Cary, NC, United States, 2015/01/07 - Gartner positioned SAS as a ‘leader’ in Magic Quadrant for Operational Risk Management report Evaluation based on completeness of vision - SAS.com.
Gartner states that “by providing a better understanding of the risks to business objectives, operational risk management (ORM) enables better business performance and capital allocation.” The report explains that software also helps “companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors' role in enterprisewide ORM oversight.”
According to the report, the “critical capabilities of ORM software applications center on providing business leaders with a more effective means of assessing risk and control effectiveness, identifying operational risk events, managing remediation efforts, and quantifying the associated operational risk exposure across the enterprise.”
Quantitative analysis as part of operational risk measurement was highlighted by Gartner as important in supporting capital calculation requirements driven by regulatory mandates, such as Basel III and Solvency II. These methods are also “used to develop more precise predictive models to determine the potential for certain operational risk events, such as fraud or theft.”
“We believe our positioning as a leader by Gartner confirms that SAS® solutions clearly address market needs, such as the ability to help our customers improve data quality and advance their statistical modeling capabilities required by global regulators,” said Brooke Upton, Global Product Marketing Manager for Risk Management Solutions at SAS.
SAS was also recently named a category leader in the Chartis Operational Risk Management Systems for Financial Services 2014 RiskTech Quadrant®.
Read the Gartner Magic Quadrant for Operational Risk Management report and learn more about SAS for operational risk management.
1. Gartner Research. Magic Quadrant for Operational Risk Management, John A. Wheeler, Paul E. Proctor, Dec. 15, 2014.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
SAS (sas.com) is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.