Technology Risk

A Technology Risk is a negative consequences, harm, or loss that can arise from the utilization, implementation, or integration of various technology-based systems.

Context:
- It can encompass various dimensions such as security risk, compliance risk, operational risk, and financial risk within technology.
- It can be inherent in the use of established technologies as well as emerging technologies like AI, IoT, Blockchain, etc.
- Mitigating technology risk requires a thorough understanding of the technology, its application, and the potential impacts on the organization or society.
- ...
Example(s):
- a Data Breach Risk from inadequate cybersecurity measures.
- a Compliance Risk in financial technology due to regulatory requirements.
- an Operational Risk from technology failure or malfunction.
- a Reputational Risk from the misuse of technology.
- a Nuclear Winter risk.
- an IT Risk, such as an AI Risk.
- ...
Counter-Example(s):
- a Natural Disaster Risk.
- a Technology Benefit.
See: Risk Management, Information Security, Regulatory Compliance, Emerging Technology Risk, Technology Risk Assessment, Technology Risk Management.

References

(Hubbard, 2014) ⇒ Douglas W Hubbard. (2014). “How to Measure Anything: Finding the Value of Intangibles in Business.” John Wiley & Sons.
- QUOTE: ... This insightful and eloquent book will show you how to measure those things in your own business, government agency or other organization that, until now, you may have considered “immeasurable, " including customer satisfaction, organizational flexibility, technology risk, and technology ROI.