Per the suggestion of regulatory agencies, there is an
increased focus on the merits of adapting a risk-based
monitoring (RBM) approach. Effective RBM reduces costs,
improves data quality and enhances oversight, but most of
the existing RBM solutions in the marketplace have significant
shortcomings, in part because they make it difficult to get
a holistic view of data. In this article, Sudeep Pattnaik,
President & CEO of ThoughtSphere, examines the benefits
of RBM, the shortcomings of existing RBM solutions, and
how a new approach to data integration and analysis that
leverages the latest in technology developments can improve
RBM to drive more benefits and move RBM from monitoring to
management.