TAKING THE RISK OUT OF THE DIGITAL REVOLUTION
Risk, governance and compliance – three simple words that carry astounding weight and meaning for any business, anywhere in the world. Today many businesses recognise the challenge of having risk management, governance policies and compliance procedures in place, yet five years ago few would have foreseen the latest requirement on the horizon – digital risk management.
As our worlds of BYOD, the IoT and an always on, always connected society permeates every corner of the globe the risk for businesses, and multinationals in particular, has grown exponentially. So much so that Gartner predicts that by 2017, one-third of large enterprises engaging in digital business models and activities will have a digital risk officer or an equivalent.
So what does that mean exactly? With the superset of technology now available to businesses and consumers alike, organisations have strived to share information, branding, content via multiple social channels and much more online. Paper and print is diminishing as we place more and more in the digital sphere. What this does is create an enormous bank of digital content and in all likelihood, a disparate bank of digital assets depending upon the geography of an organisation’s offices. What might be deemed appropriate content and branding in the US and UK, for example, may be entirely different for Asia Pacific or South America. So how do senior executives, responsible for meeting multiple legislative and regulatory requirements, monitor and manage their digital assets?
Jan-Mar 2016 Issue