Technology is interwoven with the majority of business processes these days, and while that comes with big benefits, it also adds big risks. Whether a business produces or simply uses tech tools, risks ranging from poor cyber hygiene habits and shadow IT to hoarding sensitive data and failing to plan for outages can stop a business in its tracks—and do lasting damage to the brand.
While tech can simplify processes, it can also complicate a business’ risk status and vulnerability. Tech leaders and all higher executives must be aware of what can go wrong and have systems in place to head off preventable problems and quickly address inevitable ones.
My answer and the contribution of 15 other members of the Forbes Technology Council: Now on Forbes!