(This article was initially published by Gabriel Josiah, MBA, MTM, ACA in our Linkedin Group https://www.linkedin.com/groups/3701313/
Managing Risks When Embracing New Technologies
Digital transformation brings innovation, efficiency—and new risks. From cyber threats to operational disruptions, organizations must manage these proactively to realize the full benefits of tech adoption.
Here’s how risk management plays a critical role:
⚠️ 1. Identifying Emerging Risks
New systems often expose gaps in security, compliance, or process alignment.
Example: A hospital deploying electronic health records (EHR) systems must assess data privacy and uptime risks to protect patient information and ensure continuity.
🔐 2. Embedding Controls Early
Risk teams should be involved from the planning stage, not after implementation.
Example: In a bank, risk managers working with IT from day one of a cloud migration can ensure encryption, access controls, and compliance with regulatory requirements like NDPR or GDPR.
🔄 3. Change Management & Training
Human error is a top risk. Equip employees for the transition.
Example: A retail chain automating inventory systems trains staff to detect anomalies and escalate issues—mitigating the risk of stock misreporting.
✅ Takeaway: Technology alone doesn’t transform organizations—well-managed risks do. Aligning digital ambitions with strong risk governance ensures success that is both innovative and secure.
💬 How is your organization managing risk in its digital journey?
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