Stavanger, Norway, 12 December 2024 — Corporater announced that it is recognized as a Representative Vendor in the 2024 Gartner® Market Guide for Digital Twin of an Organization Platforms. Earlier, Corporater has also been listed as a Representative Vendor in similar Market Guides in 2021, 2019, and 2018. According to company sources, the latest recognition reinforces the increasing Corporater clients’ adoption of full digitalization of their business models, for Governance capabilities across performance, risk and compliance management (GPRC).
Top organizations are choosing to adopt technology that lets them have shared data including risk-bearing capabilities that allows them to see the interconnectedness and complexities of risks driven by external and internal factors. Unlike point solutions that operate in siloed systems, a digital twin of an organization provides a “full picture” overview with data insights displayed within the context of a specific department, entity, or the entire business, so that users could make smarter, data-driven decisions.
What is a DTO?
According to an article, “a digital twin of an organization (DTO) mirrors the organization’s structures, interconnects departments, and provides a complete virtual overview of the business. It is essentially a digital map that describes the organization and connects people, data, assets, and processes using technology.”
Gartner writes, “A DTO is a dynamic software model that relies on operational and contextual data to understand how an organization operationalizes its business model, connects with its current state, responds to changes, deploys resources, simulates future states and delivers customer value.”
“Corporater believes Purpose-driven governance is the key to a successful integrated and connected GRC program across the three lines. This is why Corporater supports DTO as an innovative solution that, in turn, enables tailored and effective governance models. Our enterprise customers are choosing a fully digitalized business model that gives the flexibility to scale and interconnect data and capabilities for improved decision-making and performance,” said Owe Lie-Bjelland, who drives the DTO program as part of the wider GPRC (Governance, Performance, Risk, and Compliance) domain at Corporater.
For more information, read the Gartner report. (For Gartner subscribers only)
Gartner, Market Guide for Digital Twin of an Organization Platforms, Marc Kerremans, David Sugden, 20 November 2024
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Corporater is a leading global provider of enterprise software solutions for Governance, Performance, Risk, and Compliance (GPRC) management. Visit corporater.com or follow us on LinkedIn.
