Technology risk management: a proactive framework for the digital age

Technology now sits at the heart of modern business strategy, driving efficiency, innovation and competitive advantage. Organisations increasingly rely on a vast network of critical IT systems – internally managed and externally sourced – to enhance operations and deliver value. Artificial intelligence 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 their AI spending over the next three years.

However, as businesses expand their digital footprints, 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.