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

Challenges of a hybrid setup

Hybrid work before the pandemic meant a mix of work from home and work from the office. However, the prolonged lockdown and forced work from home changed things profoundly for employees and companies alike. This is hybrid 2.0 and is vastly different from the pre-pandemic hybrid work model.

The first thing to note is that for a lot of young employees, the lockdown was a rude disconnection from their social habitats. Co-living and sharing accommodation with a larger group of friends increased as a trend among youngsters post-pandemic. Living together with a group was essentially the insurance policy against forced de-socialization. On the other end of the spectrum, a lot of companies either under revenue constraints or to cater to the shifted footprint of their employees moved from large hubs in central metropolitans and adopted co-working spaces across cities. Both these trends make the melting pot of modern collaboration a different beast altogether...