Book Image

Managing Risks in Digital Transformation

By : Ashish Kumar, Shashank Kumar, Abbas Kudrati
5 (1)
Book Image

Managing Risks in Digital Transformation

5 (1)
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)
1
Part 1: Invisible Digitization Tsunami
Free Chapter
2
Chapter 1: Invisible Digitization Tsunami
7
Part 2: Risk Redefined at Work
16
Part 3: The Future

Modern Collaboration and Risk Amplification

It was decades before the onset of COVID that modern institutions and corporations all realized the importance of cross-team collaboration to achieve big outcomes. The modern human culture still values the hero individually, but there is an increased awareness of large spheres of life and business where having 10 diverse brains looking at a problem together brings far more nuanced value than relying on one specific function or individual. The modern collaborative teams helped companies pool their talents and strengths and helped amalgamate creative, technical, and business forces across employees with diverse skills and backgrounds. It helped employees grow their skills by learning on the go from their diverse colleagues and shorten the critical path for their projects. As companies started breaking their functions or disciplinary siloes and creating outcome-focused virtual teams, technology became a crucial lever to help them facilitate...