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Table Of Contents
Managing Risks in Digital Transformation
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Risk management and compliance management are well-established disciplines today. However, the practice of these disciplines and even awareness of them is not distributed equally across the world. This chapter aims to provide a common baseline for understanding risk and compliance management for you.
We shall start by defining risk and our traditional understanding of it. The evolution of our understanding of risk is important to know as that sets the stage for understanding the contours of risk management as a discipline. You will then read about some real events that destabilized the economic system and how regulatory bodies and governments responded to them. You will discover the need for companies to treat regulatory risks specifically, and you will understand how the digital and IT landscape of companies is at the center of all of this.
The content of this chapter will help you understand the following:
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