Summary
In this chapter, we saw the evolution of risk and risk management as an essential part of our civilizational story. As we progressed in terms of technology, digital and IT-related risks started getting specific attention from governments and regulators. This led to an influx of regulations governing companies’ use of technology in their business, which companies need to adhere to. Compliance management has emerged as a discipline focused on this need – we looked at the phases of this emergence. In a post-COVID world, compliance management is going to become even more contingent on companies in new and more challenging ways. Lots of it will depend on how companies manage the vast swathes of data that they generate in their digital landscape. In the next chapter, we will delve deeper into that topic.