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

Summary

In this chapter, we assessed the emergence of modern collaboration and its impact on companies going forward. At the very basic, companies need to reason out and carve their path to enable modern collaboration for their future needs. But equally, companies need to imagine the second-order impact of some of the modern collaboration trends. The physical reality of a hybrid workspace, the emergent landscape of smart devices, and the information overload with polarized public opinions all contribute to some of the challenges that companies will need to address while enabling modern collaboration. Seen together with the personas that we laid out in Chapter 6, The Human Risk at the Workplace, you can start to form a picture of how this can cause risk to companies from the inside. In the next chapter, we will try to evaluate these risks and discuss approaches in which we can do that.