Risk management agility needed in the new digital environment
Flexible and scalable risk frameworks are possible
[01:43 mins]
When companies consider risk in light of digital disruption, it becomes clear that there is a need to move to new and agile risk management models.
In the digital context, risk management needs to encompass the business risks presented by new production, distribution and marketing approaches, cyber-security in a data-centric world and risk of inaction.
Digital disruption - Short fuse, big bang? outlines the specific business risks that companies can and should consider including:
- Damage to corporate reputations arising from social media campaigns
- Financial risks from portfolio decisions
- Competitive risks from new entrants with innovative business models
- Economic risks arising from the way digital innovation may change business cycles.
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Digital disruption - Short fuse, big bang? offers practical advice to help business leaders and government policy-makers manage the challenges and reap the benefits of digital disruption – now and in the future.