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Managing Risks in Digital Transformation

Managing Risks in Digital Transformation

By : Ashish Kumar, Shashank Kumar, Abbas Kudrati
4.6 (9)
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Managing Risks in Digital Transformation

Managing Risks in Digital Transformation

4.6 (9)
By: Ashish Kumar, Shashank Kumar, Abbas Kudrati

Overview of this book

With the rapid pace of digital change today, especially since the pandemic sped up digital transformation and technologies, it has become more important than ever to be aware of the unknown risks and the landscape of digital threats. This book highlights various risks and shows how business-as-usual operations carried out by unaware or targeted workers can lead your organization to a regulatory or business risk, which can impact your organization’s reputation and balance sheet. This book is your guide to identifying the topmost risks relevant to your business with a clear roadmap of when to start the risk mitigation process and what your next steps should be. With a focus on the new and emerging risks that remote-working companies are experiencing across diverse industries, you’ll learn how to manage risks by taking advantage of zero trust network architecture and the steps to be taken when smart devices are compromised. Toward the end, you’ll explore various types of AI-powered machines and be ready to make your business future-proof. In a nutshell, this book will direct you on how to identify and mitigate risks that the ever- advancing digital technology has unleashed.
Table of Contents (22 chapters)
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1
Part 1: Invisible Digitization Tsunami
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2
Chapter 1: Invisible Digitization Tsunami
7
Part 2: Risk Redefined at Work
16
Part 3: The Future

Summary

In this chapter, we traveled back to earlier times when wars were fought with swords, knives, and daggers. The 20th century brought industrialization and factories. These factories manufactured weapons such as guns, tanks, and missiles. Guns were not new, but advancements in technology created rapid-firing machine guns. Tanks as armored combat vehicles equipped with cannons and machine guns were more effective than rifles. Air superiority then became critical to victory. Aircraft with bombing capabilities changed the nature of war during this era. Now, what is changing in the 21st century is the addition of cyberwarfare.

This cocktail of kinetic war and cyberwarfare is lethal, as it impacts the lives and infrastructure of civilians. In the future, dependence on digitization for payments, communication, food supply, and transportation will be exploited, causing disruption to social life and business. As much as I enjoy technology, the dark side of autonomous weapons and the...

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