At the Xactium 2017 Annual Conference on November 8th, Managing Director Andy Evans demonstrated a revolutionary visualisation tool that will be built into the Xactium Risk Management product in 2018.
Inspired by virtual reality gaming, the tool provides users of the Xactium risk management platform with a unique opportunity to view their organisational structure and all associated risks, actions and controls in a virtual 3D space.
Andy Evans explained; “We are extremely excited to be developing a tool that will give our customers a unique visual experience, providing them with an alternative perspective on the risk data stored within their system and the complex connections between risks and all associated information."
The tool takes the user into an intergalactic 3D world, allowing them to move in, out and around their data within this space. By doing so, the tool makes it easier to identify patterns and relationships as well as possible areas for concern, for example it may be possible to see at a glance where certain risks are lacking controls.
Whilst the visualisation tool is available on a standard computer monitor attendees at the 2017 Conference were also given the opportunity to experience the technology first hand through virtual reality 3D glasses.
One conference attendee commented: “I haven’t seen anything like this before! The tool provides risk managers with a really interesting angle from which to review their risk network and I think it has the potential to become an extremely valuable insight tool.”
- About Xactium -
Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that organisations evaluate and manage their enterprise risk. Xactium is the world's first risk-intelligent system, with the revolutionary use of embedded AI, 3D visualisation & automation that improves efficiency and creates innovative analytics.
As the central risk platform used by the FCA to supervise the market, it has also been adopted by a wide range of financial services organisations from across the industry. Companies such as Direct Line Group, JLT, MS Amlin and Argo Group.