Managing risk in digital transformation

Nowadays, organizations are moving towards Digital Transformation within their businesses with an aim to create new opportunities and capabilities for future growth. None of these opportunities can be realized without managing the associated risks, thereby, making Risk management an imperative for an organization’s sustainability.

Introduction to Digital Risk

Advent of digital enablers in the business poses new set of risks which are beyond traditional cyber security thereby leading to the need of a detailed risk framework for your digital journey. This Deloitte Digital Risk framework enables the leadership to consider the level of risk it is willing to take in the pursuit of innovation and potentially lucrative new ideas.

The PoV highlights Deloitte’s Digital Risk Framework that goes beyond the traditional Cyber Security and Privacy related risks to cover 10 key risk areas which impact digital transformation. This framework will be used as a reference while identifying and analysing risks in digital projects.

Additionally, the attached document introduces our Digital Risk portfolio which is categorised into nine verticals broadly aligned to the digital enablers.

You can use these documents to provide a risk perspective to your clients’ Digital initiatives.

For any clarification or for facilitating client discussions, you may reach out to Vishal Jain who is leading the Digital Risk Service for Risk Advisory.

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