Therefore, it is essential to understand the importance of technology risk management to better prevent them. This article explores today’s main technological risks and presents strategies that could help companies mitigate them.
Cyber threats, obsolescence… technological risks can take many forms
Among the main technological risks that can threaten companies, cyber threats (or cyberattacks) are the most obvious example. These attacks can take many forms, and their sudden and devastating impact can leave a lasting mark on a company. Ransomware, phishing, denial‑of‑service attacks (DDoS), data hacking… there are many ways for hackers to achieve their goals and attack your system. The impact of these cyberattacks can be long‑lasting and crippling for a business: loss of sensitive data, interruption of services, damage to reputation, ransomware, etc. Therefore, an organization must not leave any loopholes that malicious parties could exploit. While it is always possible to discover vulnerabilities in modern, high‑performance systems, these weaknesses are all the more likely when technologies and systems are obsolete and aging.
Obsolete hardware and software not only increase vulnerability but also the risk of breakage and system incompatibility with new technologies. This obsolescence also represents a cost, whether in terms of maintenance or revenue loss, due to the operational inefficiencies involved.
However, technological risks can take many other forms. The support of external suppliers (cloud service, SaaS, data centre, etc.) can help the company in its digital transition by providing services and tools. However, it also creates a dependency that can become excessive when tools become unavailable or fail. The company risks losing control of its data and no longer being able to offer its services.
Better technological planning to mitigate risks
If the risks are real, so are the consequences. They can be as much financial, by undermining operational efficiency, as legal or reputational. Therefore, it is crucial for companies to identify potential risks upstream, better assess them, and prioritize solutions to mitigate them.
This analysis is a technology roadmap created in collaboration with our team of experts. This plan, for both the short and long term, promises rigorous analysis and better technological planning to organize the implementation of digital solutions for a company’s project. By anticipating and mitigating the technological risks likely to affect their systems, companies can ensure the sustainability of their digital infrastructure.
Implementing robust cybersecurity solutions can help reduce the risk of hacking, data leakage, or system takeover in the cases discussed in this article, such as cyber threats. Solutions such as multi‑authentication (MFA), the use of a V, data encryption, or firewalls will make cyber threats more difficult for hackers to implement. Employee training and awareness raising are also effective ways of adopting best practices and limiting vulnerabilities.
To better manage obsolescence, a technology roadmap can enable proactive management by regularly updating systems or adopting more modern technologies. To reduce dependence on external services, the company could consider custom development to benefit from its system, which will be personalized and adapted to its technological needs.
All these solutions can be anticipated and planned to enable better management of technological risks without overloading teams and budgets. By choosing an agency like Nmédia to analyze your technological risks, you can also benefit from a more global vision of your customized development. In addition to our technology planning services, our experts are on hand to guide you through the development and management of digital solutions while working with you to achieve your business objectives.