In this rowdy era, the fast speed of technological progress reflects one of the greatest risks to companies nowadays. With this overwhelming environment, Forbes Insights have joined forces with KPMG to examine the present status of tech risk across different sectors, with a study involving 200 business executives regarding primary matters in the industry.
The outcome of the study outlines primary results for the purpose of revealing valuable insights into succeeding generation plans to combat tech risks. Namely, the most suitable acts that allow businesses active in the web era to seize control over their tech possessions, procedures, and human resources.
In many IT departments of businesses, there is a robust attention on allowing challenging technologies speedily to let the business retake its expected rewards—from a better customer service and functional improvement to raised earnings. Still, regarding the matter of technology evolution, great deal of organizations are having a hard time evening out the requirement for pace and swiftness with the requirement for efficient control.
Aspiring tech risk experts will have to debunk the risks or new appearing technologies and come up with a proactive tech risk plan with the right amount of adaptability to adapt to emerging risks. This plan will feature a proactive risk evaluation which pairs the risk willingness of the business with the integration of emerging technologies.
Many businesses are implementing actions to dominate data reports and constantly evaluating to shift the manner they handle tech risks. Still, an impressing number of organizations do not manage to catch up with this.
A few primary stats:
- 72% of businesses include tech risk within projects only following the fact of emerging problems
- 50% of surveyed companies are utilizing outdated IT risk reports sourced ad hoc via discussion and anecdote findings instead of actual time and standardized data from recording mechanisms
- 47% have integrated mobile device apps without featuring them in the risk evaluation reports
- 87% do not perform data evaluations regularly to come up with KRIs (Key Risk Indicators)
- 49% of executives second-guess the reliability of the data they stand their courses of action on, based on KPMG’s previous Executive Viewpoint study.