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News Release Digital Asset Direct

Elizabeth Lukas Appointed CEO, Americas of AutogenAI

AutogenAI

AutogenAI, an enterprise-level artificial intelligence company, has announced the appointment of Elizabeth Lukas as CEO, Americas. This appointment marks an important milestone for AutogenAI’s expansion in the U.S. market, providing businesses with the power of generative artificial intelligence to streamline bid and proposal creation and increase win rates. Lukas brings decades of experience as an entrepreneurial leader with a proven track record of driving growth and success for some of the world's top companies. Prior to joining AutogenAI, Lukas was CEO, Americas at Decoded Ltd. where she launched the UK startup into the U.S. market and drove 30%+ YOY growth. In her current role, Lukas will be responsible for propelling growth and the adoption of generative AI in business. “We are living in a time of unprecedented technological advancement and generative artificial intelligence is at the forefront of this revolution,” said Lukas. “Businesses everywhere are recognizing the potential of AI to solve their most pressing growth challenges, and it is thrilling to be able to provide them with the solutions they need. We have already seen exceptional results in the UK and I’m excited to continue driving traction in the U.S.” AutogenAI has experienced rapid growth since its inception in 2022. In one year, the company drove 100x revenue, closed a $22.3M Series A from Blossom Capital, and was awarded the AI Grant – a prestigious accelerator for AI startups. With 100 global employees, and success in the UK and Australian markets, AutogenAI has supported international businesses to win over $50M of additional work. Companies implementing AutogenAI’s bespoke AI tool are reporting up to 85% cost savings and a 30% uplift in win rates. “Elizabeth arrives at an important time for AutogenAI and will be instrumental to the development and growth of a primary market,” said AutogenAI founder and CEO, Sean Williams. “Following a year of rapid growth and customer feedback, we found our unique AI tool can increase the productivity of bid teams by eightfold, allowing businesses to focus on more strategic aspects of bidding. The US is the biggest procurement market in the world and we want to help organizations here benefit from the efficiencies and increased win rates that our software delivers.” About AutogenAI AutogenAI is an enterprise-level artificial intelligence technology with cutting-edge natural language processing solutions that are focused on assisting in the process of procurement and bid writing. Its AI empowers people to improve the quality of bids, tenders, and proposals, while greatly increasing efficiency. The AutogenAI team includes specialists in procurement, bid writing and machine learning. Founded by serial entrepreneur, Sean Williams, who started his career as a bid writer, AutogenAI has become the fastest-growing generative artificial intelligence company in the UK and is now being deployed across three continents. For more information, visit https://autogenai.com. Contact Details Kite Hill PR Kite Hill PR for AutogenAI +1 973-722-7881 autogenai@kitehillpr.com

October 26, 2023 09:30 AM Eastern Daylight Time

How Elicio Therapeutics Is Taking A Different Approach To Treating Cancers Like Colon Cancer, Expected To Be The Leading Killer Cancer By 2030

Benzinga

By Jeremy Golden, Benzinga Founded in 2011, Elicio Therapeutics Inc. (NASDAQ: ELTX) strives to use precision vaccines, immunomodulators and cell-based therapies to assemble cancer-killing immune responses against both blood and solid tumors. Elicio’s proprietary Amphiphile or “AMP” platform differentiates the company through the development of cancer immunotherapies for patients with limited treatment options and often poor outcomes. As the foundation for the various vaccine candidates in the biotech company’s pipeline, the AMP platform will help Elicio combat cancer and other diseases. Groundbreaking Platform Therapeutic vaccines are designed to train the immune system to recognize and destroy cancer cells by targeting tumor-specific antigens. These molecules are present on the surface of cancer cells, allowing the immune response to differentiate them from healthy cells. Tumor biology is complex, and it is difficult to identify effective target antigens. This is, in part, because the tumor microenvironment suppresses immune activity. Differentiating itself from competitors, Elicio Therapeutics is attacking this challenge head-on by re-engineering the body’s immune response to defeat cancer with potent lymph node-targeted immunotherapies and vaccines. Elicio’s AMP platform combines expertise in materials science and immunology to develop novel immunotherapies, including cell therapy activators, immunomodulators, adjuvants and vaccines to treat many aggressive cancers. The platform was first developed in the lab of Darrell Irvine, Ph.D., whose work as a Howard Hughes Medical Institute investigator and professor at the Koch Institute for Integrative Cancer Research at MIT has put him at the forefront of the field. A clinical-stage biotechnology company, Elicio Therapeutics has developed multiple cancer vaccine candidates, including: ELI-002 for KRAS-driven cancers caused by a mutation of the KRAS gene; ELI-007 for cancers involving mutant BRAF gene; and ELI-008 for cancers involving p53 hotspot mutations. “Looking to the future, our focus is on developing ELI-002 as a treatment for mutant KRAS (mKRAS)-driven cancers,” Chief Executive Officer Robert Connelly said in June after a reverse merger with Angion Biomedica Corp. “We are conducting clinical studies evaluating the 2-peptide and 7-peptide formulations of ELI-002 and are encouraged by the interim data that will be presented at ASCO, supporting ELI-002’s potential clinical utility in patients with high relapse risk pancreatic and colorectal cancers.” Vaccinating Against Cancer The Pancreatic Cancer Action Network estimates that about 95% of pancreatic cancer patients have the KRAS mutation, an error in a protein in normal cells that has the potential to cause cancer. By specifically targeting the KRAS mutation, prominent in patients with pancreatic and colon cancer, Elicio Therapeutics’ lead asset, ELI-002, is more promising than others in the clinical trial phase. Though further studies are needed to confirm its efficacy, the shot could improve survival for colon cancer, expected to be the number one cause of cancer deaths for people between 20-49 years of age by 2030, and pancreatic cancer, which has just a 12% survival rate after five years. Unlike other experimental cancer vaccines in development, the shot won't have to be customized to each patient, making it more affordable and readily available. Preclinical trials have shown that Amphiphiles target and concentrate an array of different immunogens in the lymph nodes, resulting in tumor or pathogen-targeted immunity. In one trial, an Elicio Therapeutics vaccine was given to patients with pancreatic and colorectal cancers. The results were promising, with 77% of patients experiencing a reduction in biomarkers that show the persistence of tumors. 32% of patients completely cleared those biomarkers. Elicio Therapeutics seems to be leading the charge toward vaccination against cancer. By combining expertise in immunology and immunotherapy, Elicio is precisely targeting and fully engaging the lymph nodes, the site in our bodies where the immune response to cancer is orchestrated. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 26, 2023 09:25 AM Eastern Daylight Time

How Lytus Technologies (NASDAQ: LYT) Is Expanding Its Footprint From India To The USA

Benzinga

By Meg Flippin, Benzinga The internet is booming in India and is poised for more growth as 5G rolls out across the world’s most populous nation. As of the start of this year, there were over 1.2 billion internet users in the country. By 2050, that’s projected to grow to more than 1.6 billion. That’s a big market opportunity to bring cutting-edge internet services to the masses, which is what Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) is aiming to do. Lytus Technologies is a platform services company enriching the experience for users whether its streaming content, telemedicine or fintech services. The company reports that its ability to provide a cutting-edge platform regardless of the digital offering is what makes it so unique. The company operates telecasting, telemedicine and OTT platforms, leveraging its 5,000-kilometer network of installed fiber and broadband infrastructure to serve more than four million users in India and the USA. As one of the few Indian companies listed on the NASDAQ, Lytus potentially provides investors with a unique opportunity in the growing Internet market in India. Potentially Big Market Opportunity The opportunity for Lytus Technologies is large. India has the second largest pay-TV market in the world and the highest fintech adoption rate globally. The telehealth and telemedicine market in India is forecasted to reach $285.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 26.6% over 2022-2030. That strong demand is showing up in Lytus’s results. The company, which was founded in 2017, has achieved positive EBITDA and $20 million in revenue. The market opportunity seems similar to China where Alibaba Group Holding Ltd. (NASDAQ: BABA), the e-commerce giant, dominates by leveraging its vast platform. As a company operating a similar model to the commerce giant, Lytus hopes to emulate AliBaba’s success in India. Lytus' business model is potentially disruptive but easily repeatable and scalable across geographies. Its recent launch of Lytus Studios is an example of how the company is leveraging technology to give consumers and businesses advanced internet services. Lytus Studios is a content creation and technology services business bringing virtual reality, augmented reality, mixed reality and extended reality to the film, video, commercial, corporate and digital markets. Growing Demand For Fintech Services Lytus Technologies has also forayed into fintech. The company recently launched a payment gateway for consumers in India. The initial rollout is focused on a B2B model, but it plans to expand the payment service to individual users in the next 12 months. Recognizing the big market opportunity, the company is investing $50 million to grow its fintech business in India during the next five years. Like the other markets it enters, technology underpins all its offerings and sets it apart from its rivals. "Over the course of the next several months, Lytus intends to expand the scope of its fintech services to include AI-driven next-generation payment platforms, P2P lending, blockchain, insurtech, digital shareholder services, cross-border payments, among other services. Lytus also plans to offer its subscribers e-wallet and credit card services using AI-based technology for personalized financial insights. Users will be able to set spending goals based on their priorities, earn rewards and leverage the features to develop good financial habits and achieve their long-term goals," said Huzaefa Lokhandwala, CEO of Lytus Fintech. The fintech opportunity alone is large given India is one of the fastest-growing fintech markets in the world, expected to hit $2.1 trillion by 2030 growing at a CAGR of over 18%. Acquisition Makes It Happen Lytus’s expansion is helped by its acquisition of a 51% stake in Sri Sai Cable and Broadband Private Ltd., the regional Multi Service Operator (MSO) based in Telangana, India. The MSO has a subscriber base of more than one million, giving Lytus Technologies a bigger presence in the Indian market. With 5G rolling out in India, Lytus Technologies is only scratching the surface in terms of what internet services it can offer. With 5G it can reach more customers, deliver enhanced connectivity, support a multitude of devices, introduce new and immersive applications and ultimately provide a superior broadband experience. All of that almost ensures it gets more subscribers as it attempts to become the Alibaba of internet streaming. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 26, 2023 09:25 AM Eastern Daylight Time

Xiao-I, a pioneer of the AI chatbot, aims to become the "operating system of the AI era"

Xiao-i Corp

Xiao-I Corp's Berry Xia shares insights on the company's growth and ambitions in an interview with Proactive's Stephen Gunnion. Xiao-I, a pioneer in the AI chatbot industry, started in 2001 and launched its first chatbot for the MSN Microsoft application in 2004. By 2008, its active user base surpassed 100 million. The company refocused its strategy in 2011 towards a B2B market, developing tailored AI solutions for clients. Despite AI's advancement, Berry noted a lack of application in developed regions, prompting their globalization strategy in 2018, which began in Hong Kong, Taiwan, and Macau. Xiao-I listed on NASDAQ this year, and introduced its large language model, Hua Zang. The company saw a 106% surge in first-half net revenues, attributed to its shift from one-time software deliveries to a more sustainable cloud subscription model. Berry emphasized Xiao-i Corp's vision of becoming the "operating system of the AI era," highlighting the transition from rule-based AI to more advanced, human-like interfaces powered by large language models. Xiao-I is holding a live stream press conference about its latest progress of LLM on October 26, 2023. Interested parties can register here to participate: https://www.xiaoi.com/en/symbiosisPage/symbiosis Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

October 26, 2023 09:18 AM Eastern Daylight Time

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RegTech Open Project tackles market uncertainties with 'operational resilience platform'

RegTech Open Project PLC

RegTech Open Project PLC chief executive Ian Halliday-Pegg joined Proactive's Stephen gunnion with details of the company's value proposition and future outlook. The company empowers organisations to maintain operational resilience, adapting swiftly in uncertain times marked by wars, financial shifts, and supply chain disruptions. Its long-standing technology, tracing back to 2005, ensures business continuity, risk assessment, and timely decision-making during unfolding events, particularly in collaboration with Everbridge, a leader in emergency mass notifications. Primarily serving the banking, financial services, and insurance sectors, RegTech addresses stringent regulatory demands. These institutions must demonstrate robust operational resilience against cyber threats, ransomware, and other risks. Having secured about 60% of Italy's domestic banking market, the company's recent listing on the LSE signifies its aim to broaden horizons, targeting potential growth in the UK, Europe, and through partnerships, the expansive markets in the United States and China. Highlighting a compelling investment case, Halliday-Pegg shared the company's impressive 95% client retention rate and approximately 50% year-over-year revenue growth. With the operational resilience market projected to surpass $500 billion in the coming years, RegTech Open Project PLC stands poised for significant expansion. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 26, 2023 09:15 AM Eastern Daylight Time

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News Release

Solana Price Rallies, Dogecoin Struggles At $0.0600 While Everlodge Prepares for Massive Rally

Total Media

In the recent crypto market rally, Solana (SOL) continues to be a standout performer while Dogecoin (DOGE) struggles with the $0.0600 level. Everlodge is another top beneficiary of the bullish market, with analysts expecting a massive rally soon. Join the Everlodge presale and win a luxury holiday to the Maldives Solana Price Skyrockets, a Rally Above $30? Despite the growing FUD surrounding the liquidation of FTX, the Solana coin (SOL) continues to be a top-performing crypto. The price of Solana has increased by 30.5% on the monthly chart to set a new high of $29.41 in October. According to an IntoTheBlock analyst, the worries of investors about FTX were overblown by the rally. They further explain that a SOL/ETH breakout contributed to the rising Solana price. Also, the rising activity on the Solana network and the massive influx of funds from institutional investors contributed to the rally. With a major tech upgrade happening for Solana, the SOL price could continue to rise. If SOL holds the $29.00 support in the coming days, its price is expected to rally to the $35 resistance. However, a drop below this level could see Solana retest the $25 support level. Dogecoin Price Rallies, Breaks Past The $0.0600 Resistance The leading meme coin, Dogecoin (DOGE), has seen some gains in the recent market rally, but not as profound as Solana’s. The rally has seen the price of Dogecoin increase to $0.067718 and has convincingly flipped the $0.0600 resistance to support. This level was critical as it repositioned the sentiment of Dogecoin on the multi-year chart. If DOGE holds at current support in the coming weeks, it could trigger a rally above the 30-day and 200-day exponential moving averages (EMAs). Breaking above this level will see the price of Dogecoin surge as high as $0.0835. When this happens, the popular cryptocurrency analyst, Ali Martinez, has predicted that Dogecoin could rally as high as $1 as it would then be in bull territory. Everlodge Projected To Lead the Crypto Market Rally Amidst the strong performance of Solana and Dogecoin, it is Everlodge that has caught the attention of crypto investors. This is because Everlodge has links to one of the biggest global markets – real estate which was valued at over $280 trillion in 2022. Everlodge is building the world’s first decentralized property marketplace. On this marketplace, investors will browse through luxury villas, vacation homes, and hotels from top locations across the world. While these properties are naturally expensive, Everlodge adopts a unique co-ownership model to reduce the barrier to entry. Every property listed on the platform will be tokenized. Their ownership information will be locked on the metadata of the NFT representing them. To reduce the cost of each property, Everlodge will adopt NFT fractionalization. Each property will be split into fractions representing shares which cost only $100. This model will make real estate investment more accessible and cheaper. Hence, crypto analysts have predicted that Everlodge’s native token, ELDG, has the potential to lead the next bull market, with a rally of up to 35x. ELDG now trades at $0.023 per token in its sixth presale stage. Find out more about the Everlodge (ELDG) Presale: Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Media Team media@everlodge.io

October 26, 2023 09:00 AM Eastern Daylight Time

News Release

Crypto Analyst DonAlt Projects 80% Dip for Litecoin, Traders Are Diversifying with Everlodge and Shiba Inu

Total Media

A widely followed crypto analyst, DonAlt, told over 500,000 of his followers on X that the Litecoin (LTC) crypto could decline against Bitcoin based on historical price patterns after halving events. Moreover, Shiba Inu (SHIB) is heading towards a bullish momentum, especially following the success of the Shibarium platform. Everlodge (ELDG) also has a bright future, as it has already reached Stage 6 of the presale. Summary Shiba Inu to reach a maximum point of value at $0.00001078 by the end of 2023 LItecoin to dip 80% according to analyst projection Everlodge to spike 25x at launch Join the Everlodge presale and win a luxury holiday to the Maldives Shiba Inu (SHIB) Got Massive Attention Following Shibarium’s Success Shiba Inu (SHIB) has recently seen a price upswing following the Shibarium launch. Moreover, the network reached 3.5 million transactions and saw 1.25 million wallet addresses connect to it, resulting in heightened interest in Shiba Inu. As for the recent price performance of the crypto, Shiba Inu traded between $0.0000067 and $0.00000724. The crypto has a market cap of $4,215,543,662, and this makes Shiba Inu currently the 19th largest on the top 100 list. As a result, analysts are bullish about its future price movements. According to the Shiba Inu price prediction, it can increase in value to a maximum point of $0.00001078 by the end of 2023. Litecoin (LTC) to Dip 80% Following Its Latest Halving Event A notable crypto trader known as DonAlt, who has over 500,000 followers on X (formerly Twitter), noted how Litecoin (LTC) could head downward in value. According to the analyst, the Litecoin crypto is on its way to 80% destruction. Every time Litecoin undergoes a halving event, historically, it goes down in value. This happened in 2015 and after its halving in 2019. It will likely occur after its latest 2023 halving as well. During the past week, the Litecoin crypto traded between $60 and $66. Based on the current Litecoin price prediction, if it dips 80% from $60, it will be worth just $12. Everlodge (ELDG) to Include Free Nightly Stays at Luxury Hotels and Villas Everlodge is an upcoming real estate marketplace that will disrupt the $280 trillion-dollar market. In other words, it will enable a platform on top of which anyone can enter the industry starting with just $100. This works through the process of minting properties as NFTs. The project will enable individuals the opportunity to diversify their holdings, and as the properties appreciate in value, so will the value of the NFT increase. Each property gets minted and then can be fractionalized. So, if it's worth $5,000,000, it can be split across 50,000 pieces worth $100 each. Moreover, there is a dedicated Rewards Club, and through it, investors can access free nightly stays at luxury hotels and villas. During Stage 6 of the presale, ELDG trades at $0.023. At launch, analysts project that the crypto can spike as much as 25x in value. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Media Team marketing@everlodge.io

October 26, 2023 07:00 AM Eastern Daylight Time

Litesport Collaborates with Qualcomm to Create AI-Based Fitness Experience for Snapdragon Summit 2023

Litesport

Litesport, a leader in mixed reality fitness experiences, has partnered with Qualcomm Technologies, Inc. to create an artificial intelligence (AI) based fitness routine demonstration built on Snapdragon Spaces™ XR Developer Platform and utilizing Snapdragon Seamless, to showcase a cross-device experience at Snapdragon Summit. This experience consolidates AI-based body pose data from the reference smartphone, powered by the new Snapdragon® 8 Gen 3 Mobile platform, and the biometric data from the smartwatch, powered by the Snapdragon W5 Gen 1 Wearable platform, and uses wireless Snapdragon AR2 powered smart glasses to allow the user to take part in an immersive fitness experience in AR with real-time feedback on corrective actions powered by ASENSEI. Litesport has established itself as a frontrunner in the realm of mixed reality technology development. Launched in 2020 as a connected fitness product, the company has transformed and adapted with the evolving landscape of the fitness industry. With a commitment to innovation and a track record of pioneering advancements, Litesport has consistently pushed the boundaries of what is possible in merging the physical and digital worlds. Their dedication to creating immersive, interactive, and personalized mixed reality experiences is evident in their groundbreaking applications across various industries. "At Qualcomm Technologies, we are driven by our commitment to push the boundaries of technology and enrich people's lives. Collaborating with Litesport to build an XR fitness routine experience on Snapdragon Spaces was a natural choice, as they share our vision for creating transformative experiences. Together, we are showcasing the incredible potential of immersive technologies that merge our physical and digital spaces. Litesport's expertise in innovative fitness experiences helps to bring to life our mission of ushering in a new era of spatial computing," said Hugo Swart, VP and GM, XR, Qualcomm Technologies, Inc. Highlights: Real-time adaptive content provides adjusted trainer responses based on your performance. Integration with ASENSEI software captures the motion of users and analyzes their movement in real-time, enabling personalized health and fitness experiences and form corrections by the trainer with personalized form corrections in the moment. Biometric feedback collects and analyzes physiological data from the user in real-time, in order to provide valuable information about an individual's workout. This feedback is used to monitor and assess various aspects of the users health, performance, and well-being. Augmented Reality enhances the real-world environment of the user by overlaying digital information onto the user's view of the physical world. In the demo, AR brings a personal trainer into your physical world to provide an interactive and effective training experience. About Litesport: Litesport is a leading developer of innovative fitness and wellness solutions that leverage virtual reality and mixed reality technologies to enhance the way people exercise and stay active. With a passion for redefining fitness experiences, Litesport is committed to making fitness more accessible and engaging for everyone. Snapdragon, Snapdragon Spaces, and Snapdragon Seamless are trademarks or registered trademarks of Qualcomm Incorporated. Snapdragon and Snapdragon Spaces are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Contact Details Litesport Victoria Scott tori@liteboxer.com Company Website https://litesport.com

October 25, 2023 03:00 PM Eastern Daylight Time

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NAVEX Research Reveals AI Will Improve GRC Programs

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced the publication of its inaugural 2023 State of Governance, Risk and Compliance Management Report. The data, based on a commissioned study conducted by Forrester Consulting on behalf of NAVEX, exposes the major obstacles governance, risk, and compliance (GRC) decision makers face as well as the gaps in GRC maturity, data, and organizational management. Nearly all 300 industry leaders surveyed at European and North American organizations think artificial intelligence (AI) could improve the performance of their GRC programs. “An effective GRC program should analyze data in a way that enables prediction and mitigation of potential business risks. Given the increasing complexity of both business challenges and regulatory requirements, risk management programs must become increasingly digitized and automated. The next logical step is to incorporate AI tools,” said A.G. Lambert, Chief Product Officer at NAVEX. “This research shows that mature GRC programs emphasize automation and the holistic integration of data; with several business functions contributing to and deriving insights from it.” Forrester Consulting’s data suggests a strong GRC program is important to meeting today’s top business goals. While the trend of integrated GRC is a big buzzword right now, its analysis and insights are still highly manual and hindered by data silos. A comprehensive, integrated AI-powered system to view, analyze, and report on GRC data will empower organizations to break down these silos, analyze data more effectively, and automate control monitoring and compliance review. Key Findings: GRC program obstacles Although many respondents indicate they are moving towards implementing a comprehensive, enterprise wide GRC program, more than one in three reported facing several obstacles. Namely a lack of financial resources (37%); lack of common understanding of organizational risk (37%); and lack of cross-functional accountability (36%). AI to play a crucial role in GRC programs of the future Nearly all respondents (98%) said they believe AI could improve the performance of their GRC program as it is seen as an enabler of operational improvements. The top two use cases, each highlighted by 55% of respondents, were: “incident management data collection” and “efficient integration of relevant risk and compliance data into reports.” Predictive AI will empower organizations and GRC programs to break down data silos to drive more efficient and timely data analysis. However, the survey findings indicate that most organizations are somewhat hesitant to adopt AI, with 57% expecting to incorporate some aspects of AI into their GRC program in the near future. The vast majority, (92%) said they believe AI will be incorporated to some degree into GRC program management, in the next one to three years. Data analysis leaves room for improvement Asked to describe the level of technological/digital maturity of their organization’s program, 64% responded either “significantly” or “comprehensively” automated. Yet, when asked how the data used in the GRC program is integrated for the purpose of analysis, only 26% said their organization has automated systems where data is collected, integrated, and stored. This suggests that many programs – even those that are sophisticated in the collection of GRC data – have room to mature in putting that data into practice. More than 8 in 10 respondents reported that their organization faced one or several challenges in data collection, storage, analysis, or reporting. Nearly half of respondents (47%) cited “legacy tools and technology with limited functionality and integration capabilities” as among those challenges. Digital transformation and GRC program centralization GRC programs that were described as “significantly” or “comprehensively” automated are more likely to be managed by a single department compared to GRC programs that have not undergone a digital transformation (45% versus 28%). This finding indicates that the more digitized a GRC program is, the more centralized it is and, thus, the more mature the program. Forty one percent of respondents said, “responsibility is spread across multiple functional areas, but the data is collected, analyzed, and reported by one department.” Another 39% revealed that management of the overall GRC program is within a single function/ department (e.g., compliance, legal, HR). While 20% said responsibility is spread across multiple departments and geographies, and that data is analyzed and reported separately. “GRC is a strategic business enabler, providing executives with a comprehensive, actionable view of risk and risk mitigation. Yet, the majority of those surveyed for this report said their access to GRC data is fragmented, making it difficult to gain a holistic view of the organization’s risk management challenges and successes” said Carrie Penman, NAVEX Chief Risk & Compliance Officer. “Organizations that successfully identify, integrate, and analyze GRC-relevant data from across the business will gain insight that will empower them to drive distinct competitive advantage.” To learn more, download the full report here. ### About the 2023 State of Governance, Risk and Compliance Management Report NAVEX commissioned Forrester Consulting to survey more than 300 GRC program decision makers at North American and European organizations. Respondents represented organizations from 1,000 to more than 20,000 employees and spanned industries including retail, travel and hospitality, manufacturing, business services, education and non-profit, financial services and insurance, and healthcare. The NAVEX data science team looked at primary incident management benchmarking metrics for customer organizations using the NAVEX One platform. In addition to data analysis by customers that incorporated either one additional service (for a total of two) or more additional functions (a total of three or more) on the platform. For the three cohorts in this study, organizations had roughly the same mean number of employees, at around 15,000. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

October 25, 2023 10:00 AM Pacific Daylight Time

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