Gartner positioned SAS as a ‘leader’ in Magic Quadrant for Operational Risk Management report

Evaluation based on completeness of vision and ability to execute

Gartner has recognised SAS as a leader for operational risk management1 based on its ability to execute and completeness of vision.

Gartner states, “By providing a better understanding of the risks to business objectives, operational risk management (ORM) enables better business performance and capital allocation.” The report explains that software also helps “companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors' role in enterprise wide ORM oversight.” 

According to the report, the “critical capabilities of ORM software applications centre on providing business leaders with a more effective means of assessing risk and control effectiveness, identifying operational risk events, managing remediation efforts, and quantifying the associated operational risk exposure across the enterprise.”

Gartner highlighted quantitative analysis as part of operational risk measurement as important in supporting capital calculation requirements driven by regulatory mandates, such as Basel III and Solvency II. These methods are also “used to develop more precise predictive models to determine the potential for certain operational risk events, such as fraud or theft.”

“SAS solutions have been developed to address regulatory and business demands, and our position as a leader in Gartner’s Magic Quadrant confirms that we are succeeding in this area. Our integrated, end-to-end platform with advanced data management and high-performance analytics helps reduce model creation timeframes and develop a more accurate forward-looking approach, giving banks’ a much better understanding of operational risk exposure,” said Dale Stevens, Head of Risk, SAS UK & Ireland.

SAS was also recently named a category leader in the Chartis Operational Risk Management Systems for Financial Services 2014 RiskTech Quadrant®.

Read the Gartner Magic Quadrant for Operational Risk Management report and learn more about SAS for operational risk management.

1. Gartner Research. Magic Quadrant for Operational Risk Management, John A. Wheeler, Paul E. Proctor, Dec. 15, 2014.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

About SAS

SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 83,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.

Editorial contacts:

Back to Top