Future of risk in the digital era | Risk Advisory | Deloitte Netherlands

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Future of risk in the digital era

9 key trends that are shaping risk

Digital technologies are ushering in a new era and driving transformative changes in every industry, as organizations adopt these technologies to redefine how they create, deliver, and capture value. Identifying, understanding, and addressing new risks associated with digital transformation will help businesses derive more value from their efforts in the future.

9 key trends that are shaping risk

As your organization embarks on its digital journey, we invite you to learn more about the evolving risk landscape and new opportunities to better manage risk.

Get the full report via the blue button to gain insight into the nine key trends that are shaping risk, as well as guiding principles that can help digitally transform risk management.

  1. Managing the black box of artificial intelligence

    The use of artificial intelligence (AI) techniques and solutions for a wide range of novel applications leaves organizations open to new AI risks.

  2. Evolving governance and controls for automation

    Operating environment changes driven by the adoption of automation technologies call for redefined governance mechanisms and operational controls.

  3. Protecting against the changing cybersecurity risk landscape

    In order for digital technologies to deliver on their immense promise, evolving cyber vulnerabilities and threats need to be addressed.

  4. Combating weaponized misinformation

    Large-scale spread of misinformation, enabled by advanced information manipulation tools and online platforms, is driving new types of information warfare.

  5. Managing data risks for value creation

    Data carries tremendous value for organizations while creating new challenges around transparency, accuracy, security, privacy, social expectations, and legal requirements.

  6. Bolstering organizational resilience in the age of hyperconnectivity

    Increased reliance on interconnected systems by organizations amplifies the impact of failure and threatens resilience.

  7. Navigating regulatory change for emerging technologies

    Regulatory changes focused on emerging technologies begin to affect business models and increase complexity of compliance.

  8. Enabling digital transformation by managing culture risk

    Misalignment between an organization’s goals for digital transformation and employee values and behavior creates new culture risks.

  9. Owning digital responsibility and ethics

    As part of their digital transformation efforts, organizations need to act responsibly and promote ethical use of technology.

Future of risk in the digital era

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A few guiding principles

Organizations are conscious that digital transformation involves more than technology adoption. It requires concerted efforts to define how enterprises organize, operate, and behave by aligning strategy, structures, processes, people, and technology to build a unique digital DNA. Organizations can sidestep unnecessary risks and harness risk to power performance by adopting a risk lens and a holistic approach as part of their efforts. Below are a few guiding principles.

  • Make smart(er) risk management a part of digital transformation.
  • Plan for a digitally proficient workforce.
  • Digitally transform risk activities.
  • Revamp operations to manage risks from emerging technologies.
  • Build ecosystem partnerships to manage risks.

More information

Get the free full report via the blue button to gain insight into the nine key trends that are shaping risk, as well as guiding principles that can help digitally transform risk management.

In case you have any questions, or would like to discuss h ow these risk trends impact your organization and how you can better prepare for what’s ahead, do not hesitate to reach out.

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