Integrated risk management vs. GRC vs. ERM: What's the difference?

Organizational silos offer specialization benefits but hinder collaboration and information sharing, creating barriers in risk management. In today’s complex risk landscape, these divisions compromise an organization’s ability to operate from a single source of truth.

Integrated Risk Management (IRM) provides a strategic solution, balancing expertise with reduced silo effects. An effective IRM framework, supported by technology, enables a comprehensive approach to risk. 

Read this blog to understand the key elements of IRM, compare IRM to GRC and ERM, and to learn how to break down risk silos.