Technology risk: disruption is the new norm | KPMG | SG
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Disruption is the new norm

Disruption is the new norm

Findings from the KPMG and Forbes Insights Tech Risk Management Survey show that enterprises need to create an agile and dynamic technology risk organisation to keep up with the pace of change. The question is ‘How’?

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Turning risks into opportunities

While companies across various industries are increasing their focus on emerging technologies to help transform their businesses, many are not assessing the risks that come with their adoption. This is the finding of a recent KPMG and Forbes Insights tech risk management survey of 200 senior IT risk management executives from four industries – financial services, technology, healthcare and life sciences, and industrial manufacturing.

Nearly half of respondents whose companies have adopted mobile applications and devices have not included them in recent IT risk assessments. The findings for other emerging technologies are similar, with 46 percent that adopted Internet of Things (IoT), 44 percent that adopted cloud computing, 34 percent that adopted artificial intelligence (AI), and 32 percent that adopted robotic process automation (RPA), not assessing their risks.

The majority of those surveyed are very aware that these risks exist, and that the risks may only escalate as companies seek to increase their investment in these technologies.

Our report distils key findings from the survey in order to unveil insights into next-generation approaches to technology risk – best practices that leading organizations are taking to build a forward-looking technology risk organization.

 

© 2018 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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