Technology Risk Management

Maximize technology value while managing risk

Technology is an enabler for driving business innovation, market advantage, and improved customer experience. However, not having a clear understanding of threats and the controls needed to mitigate technology risk may cause loss, increased costs, and non-compliance.

Our technology risk management services help you develop a robust IT risk management plan as part of your overall operational risk management program. We establish and operate the organizational structures, frameworks, policies and procedures, oversight, and reporting necessary to manage increasingly complex demands for technology and compliance needs.

Our approach is based on redesigning and integrating methodologies to provide a holistic view of enterprise risk. Our service capabilities enable organizations to better understand the true business impact and manage the risks emerging from an organization’s legacy systems and the adoption of disruptive technologies.

Survey

April 4, 2024

CIOs and CTOs See Skills, Staffing and Talent as Top Risk Concerns

Businesses today face a myriad of challenges as they work to adapt and transform their operational models in order to overcome future obstacles, including competitive pressures and cyber threats. Moreover, the global marketplace is deeply influenced by advancements in technology, changing regulations and economic factors, all of which necessitate access to skilled...

Transform Technology Risk into Opportunity

Effective risk management is about empowering decision-making within the organization

Our Approach

Protiviti’s Technology Risk Management and Governance team, through our technology consulting services, helps organizations implement sustainable risk management strategies. We enable them to effectively identify risks and quantify their potential impacts on both IT and the broader business landscape.

Our professionals work with you to implement processes for identifying potential risks at an early stage, quantifying the potential impact on the organization as a whole, and designing controls as required to mitigate risk levels appropriately.

We work with you to build risk management reporting mechanisms that help you understand the risks to your organization and their consequential impacts. We also help integrate the wider business into the risk mitigation strategy for IT. An improved understanding of risk can help IT increase the level of service provided to the business and the CIO to justify the investments required to implement strategic remediation solutions.

Our IT Risk Management consultants help you achieve improved decision-making based on a clear understanding of inherent and residual risk. Enhanced reporting increases the organization’s ability to anticipate potential IT failures and perform a root-cause analysis to identify the control failures behind service outages, leading to a reduction in recurrences.

Effective risk management is about empowering decision-making within the organization

Technology Modernization: protecting your business, reducing costs and remaining compliant

In a world marked by unpredictable geopolitical forces, rapid technological advances, shifting employee and customer sentiments and evolving regulations, businesses face constant disruption. Leaders must modernize while reducing costs, avoiding outages and ensuring compliance with regulations and standards.

Our framework, built on Ardoq technology, helps organizations reimagine their approach to understanding the intricate connections between business and underlying technologies. We help you transform your organization by connecting business activities to operational processes and databases to drive meaningful change.

Featured insights

Loading...