Operational Resilience Tooling Panorama 2024

The transition from single-function tools to multi-functional vendor platforms

Wavestone’s 2024 edition of the Operational Resilience Tooling Panorama provides an in-depth view of the evolving operational resilience tooling landscape, highlighting the most sought-after functions of today’s tooling vendors and a clear depiction of their categorisation. We have identified 143 vendors for our Tooling Panorama, representing a diverse range of firm sizes (very small to very large).

The vendors in our Tooling Panorama are categorized into 6 key functional areas related to operational resilience, with each category outlining core capabilities and a spotlight on the market leaders. The functional categories range from business service mapping to governance, reporting, and learning. Through careful analysis of the vendors and their tooling offerings, our report highlights the 4 must know trends prevalent across the operational resilience tooling industry, while also delving deeper into current tooling challenges faced by our clients.

The 4 Must Know Trends:

1. The Market is Shifting Towards Unified Platforms with Integration Capabilities
2. Operational resilience tools are Incorporating AI & Automation
3. New regulations are driving the Operational Resilience tooling to include compliance capabilities
4. Operational Resilience tools utilise visualisation techniques for analytics and metrics

The key Challenges Uncovered:

1. Legacy Tech, Siloed Estates and Complex Internal Operating Models Hinder Resilience
2. The Data Gap: When Tools Can’t Keep Up

Interested in learning more about the current tooling trends, the challenges clients are facing and how to mitigate them, and an insight into what we think is going to be on the tooling horizon for 2025 with the growth of AI and unified platforms? Then, make sure not to miss this insightful read!