Organizations of all sizes are accelerating their digital transformation (DX) initiatives in response to the upheaval caused by the COVID-19 pandemic. Business leaders recognize that agile, flexible and digitized businesses have the resilience to respond to disruptive events. This is driving efforts to automate business processes, implement advanced technologies and adopt cloud services.
Regulatory compliance requirements are increasing across a broad range of industries. Between new regulations and changes to existing regulations, organizations are struggling just to keep up with the scope and depth of compliance. What was once a yearly review and assessment has become a daily effort to ensure that all processes and strategies meet the latest regulatory requirements.