DQ and DQ Response

Q1. Using the Web, search for at least three (3) tools to automate risk assessment.

Collect information on automated risk assessment tools. In your minimum 150-word response,

please ensure that you are responding to the following questions at a minimum:

● What do they cost?

● What features do they provide?

● What are the advantages and disadvantages of each one?

Note: 250 words with intext citations and references

Q2. Read the below paragraph and write your opinion

Note: 200 words with intext citations and references

The top product they present was LogicGate, which serves their clients based on cloud SaaS solution that designed to assist in risk management automation. LogicGate software is unique in a way that requires no coding experience and builds up with smooth visual presentations. Structure and design flexibility as well as effortless automation are also their sales point. However, since the company is brand new, some bugs or limitations were found during usage according to some reviews of the system. Even though I could not locate a price structure on the company’s website without requesting a quote, Software Advice gives LogincGate a price range at 2 out of 5, which means below average.

The second product listed is called Onspring which is similarly another cloud-based SaaS solutions for GRC (Governance, Risk, and Compliance) management. Aside from the complexity of the software, which provides them the capability to serve numerous functions and satisfy huge needs, I noticed that they have one of the highest review points of 4.83 out of 5 among all the products list here due to their great customization ability. The disadvantage of Onspring, based on actual users’ review, is also their complexity. It is truly a double edge sword since it might cause new users to spend more time and energy to properly implement, even if everyone knows it’s powerful. Another point I noted is that the interface of Onspring is not as pretty or neat as LogicGate. The price range for Onspring is 3 out of 5, meaning average price.

The third one is Resolver software. It specifically designs for medium to large enterprises for risk management needs and serves broad range of industries including financial, insurance, healthcare, government, manufacturers and more. The features they provide are plenty and is really easy to integrate with other existing software or applications at the company with really knowledgeable customer service and developers to offer great support. However, they have the highest price range of 4 out of 5, but their score for value of money is relatively low. Most of the users argue that they offer similar service but charge at much higher price with not so many advanced features to add.