Emerging Technology Risk Management

Yesterday our students had the chance to meet and talk with Luca Lora Lamia, Associate Partner of KPMG.

"Embracing new technology exposes your organization to new risks and the goal is anticipate that risks turning them in business opportunities and key differentiators.

As the pace of digital continues to accelerate, organizations are expected to make faster decisions and move from ideation to revenue with speed.

In the race to harness emerging technologies faster than the competition, organizations are sidestepping the IT function and neglecting governance, which can lead to significant costs, risks and diminished value of IT investment.

The process that organizations use to evaluate, select, invest and deploy emerging technologies can lead to competitive differentiation and market growth or monetary loss, write-downs and reputational damage.

Instead of narrowly focusing on the vulnerability and security components of digital transformation, the proposed approach take a broader, more holistic view of the risk element. We concentrate on the strategic impact that emerging technologies and new business models can have on your entire organization. We establish a governance framework that embraces disruptive technologies and encourages innovation while ensuring risks are identified and managed"