Presented by IT GRC Forum
Technology now sits at the heart of modern business strategy, driving efficiency, innovation, and competitive advantage. Organizations increasingly rely on a vast network of critical IT systems, both internally managed and externally sourced, to enhance operations and deliver value. Artificial intelligence (AI) is accelerating this transformation, with 72% of companies already adopting AI and 65% reporting regular use of generative AI. The role of AI is set to grow further – 92% of companies plan to increase t heir AI spending over the next three years.
However, as businesses expand their digital footprint, they also expose themselves to greater risks. The convergence of cyber threats, operational vulnerabilities, AI-driven dependencies, and third-party risks has created a broader category: technology risk. These risks are not hypothetical – and their impact is increasing at an alarming rate.
This white paper explores why firms must adopt a more proactive and integrated technology risk management framework – driven by the financial and regulatory costs of incidents – and how technology can enhance visibility, enabling better risk management and stronger resilience outcomes.
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