“Of the industry recognition Deloitte has earned over the years, this placement from Gartner ranks among the top,” said Adel Melek, Managing Director, Enterprise Risk Services, Deloitte Global.
The Gartner report evaluated seven global firms and networks on three dimensions of risk management — framework, metrics, and systems. Within the quadrant graphic included in the report, Deloitte member firms’ risk management consulting services were positioned highest on the “ability to execute” axis and furthest on the “completeness of vision” axis.
Deloitte integrated its risk and security capabilities into one RM practice a few years ago and this is what has placed Deloitte as number 1. Deloitte considers this positioning as a ‘Leader’ as a reflection of its member firms’ commitment to helping clients integrates risk management into the business.
Key Strengths in Deloitte’s Possession
- Market responsiveness — Deloitte is usually quick to adapt and adjust to market conditions when compared with its peers. The company has strong strategic alliances and continues to close gaps of capabilities through working with organisations such as Kaggle (a data analytics firm) and Singularity University.
- Vertical/industry strategy — Deloitte has invested in building capabilities in highly regulated industries, such as financial services, consumer, energy and resources, healthcare, life sciences, and the public sector, as well as for supply-chain-dependent enterprises.
- Operations — Deloitte leverages its Centre for Corporate Governance, its GRC COEs, and its specialist and vertical-led COEs, such as its Centre for Risk Modelling and Simulation. These centres encapsulate digital studios, security and forensics labs, analytics labs (for example, Highly Immersive Visual Environment [HIVE]), and Greenhouses across the world.
- Product or service — Clients recognise Deloitte’s strengths in thought leadership, RM experience and brand reputation. Deloitte also has chief risk officer (CRO) and chief information security officer (CISO) outreach programs through its risk academy education programs within its global leadership centre, Deloitte University.
Expertise and professional advice is essential. Deloitte has specialists across many business models that can help with all aspects concerning Risk and Advisory