Streamlining Risk Assessment Through ServiceNow GRC Automation
Before delving into how ServiceNow GRC automates risk assessment, let's briefly discuss why risk assessment is a critical component of a robust risk management strategy. Risk assessment is the process of identifying, evaluating, and prioritizing risks that could affect an organization. It provides the foundation for making informed decisions on risk mitigation, resource allocation, and strategic planning. Automating this process not only saves time and resources but also enhances the accuracy and consistency of risk assessments.