Everyone always speaks about the positives of digital change. And yes, there are many of them. Improved customer experience, operational efficiency, and staying competitive. But what are the risks that you need to consider when planning a robust digital roadmap? And how do you navigate them?
Whether you are moving a process to the cloud or possibly adding a capability to your online site, any technology change there may be side effects to areas of risk in your business. To make your roadmap of change robust, you need to look at possible impacts. That way you can add mitigation actions to your roadmap and make it more robust.
In my latest blog post, I discuss potential areas of business risk you need to review for possible impact of a technology change.
Here’s a glimpse of the business risk areas covered:
- Data privacy risks. What are impacts your company’s commitment to data privacy?
- Staffing risks. Are employee skills and internal processes ready?
- Operation risks. Would any faults or outages risk liability or reputation?
- Cybersecurity risks. Does the change make your company vulnerable to cyber threats?
- Regulatory and compliance risk. What are potential impacts on industry regulation?
>>>You can read the latest blog post here!
When you make risk review and mitigation planning a part of your digital strategy, then you create a more robust digital roadmap. A plan that will protect you from possible potential business risks to change.