As the concept of compliance continues to morph into the broader ideas of governance, risk and compliance (GRC), the number of all-in-one software solutions -- those systems that centralize all your compliance efforts in one place, no matter how many different regulatory schemes you need to track -- grows.
The latest appears to be an offering from UK-based Logicalis: a solution creatively called GRACE (governance, risk and compliance engine). Operated from a central portal, GRACE automates the governance, risk and compliance policy management processes, from policy creation to policy tracking.
Logicalis managing director Tom Kelly says automating policy management to the furthest extent possible will free up IT staff to do "what they are challenged daily by stakeholders to do -- innovate to improve profits." The fact that the solution is automated will also allow policies to keep up with the changing and expanding regulatory environment, Logicalis' security chief points out.
It's unclear, though, exactly how GRACE automatically keeps in step as new regulations are introduced or old ones are tweaked. This warrants additional research.