Summary Managing Risk in Digital Transformation www2.deloitte.com
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One Line
Deloitte's Digital Risk Framework provides a solution for organizations to manage the new risks and challenges brought about by digital transformation in Industry 4.0.
Slides
Slide Presentation (12 slides)
Key Points
- Risk management in digital transformation is crucial due to the new opportunities and risks generated by adopting digital technology.
- Traditional risk management approaches focused on IT general controls and risk assessment techniques may not be sufficient in the digital era.
- The Deloitte Digital Risk Framework provides a comprehensive approach to managing digital risk in organizations.
- Key risk areas in digital transformation include technology, cyber security, strategic risks, operations, data leakage, third-party risks, privacy, forensics, and regulatory compliance.
- Effective risk management in a digital environment requires a proactive and agile approach, continuous monitoring, and regular updates to the risk framework.
Summaries
26 word summary
Digital transformation presents new risks and challenges for organizations. Deloitte's Digital Risk Framework offers a solution for managing digital risk in the context of Industry 4.0.
38 word summary
Organizations undergoing digital transformation face new risks and challenges. Risk management teams need a new approach to digital risk. Deloitte's Digital Risk Framework can help navigate this new landscape. Industry 4.0, or the fourth industrial revolution, is transforming
205 word summary
Organizations undergoing digital transformation face new risks and challenges. Risk management teams are currently focused on traditional IT controls and risk assessment techniques, but a new approach to digital risk is needed. Deloitte's Digital Risk Framework can help organizations navigate this new landscape
Industry 4.0, also known as the fourth industrial revolution, is transforming organizations, operations, and the workforce through smart, connected technologies. This transformation is driven by the flow of information and the ability to integrate digital information from various sources. The
Understanding the risk areas in digital transformation is crucial for organizations to identify and address potential risks. The applicable risk areas for digital ecosystems need to be designed based on leading standards and industry practices. These areas include privacy, employee lifecycle, blockchain, IoT, digital
Managing risk in digital transformation involves addressing various aspects such as operations, data leakage, third-party controls, privacy, forensics, regulatory adherence, and resilience. Operations risk refers to events that impact an organization's ability to achieve its defined objectives and includes
Develop a risk-based digital architecture based on Deloitte's Digital Risk Framework. Implement this architecture in the organization's digital enablers with an overall risk governance. Monitor and review the digital estate, legal requirements, and regulatory changes to ensure continuous risk