The DX Journey in the Enterprise and its Leadership
• Will the DX initiative be business-led or IT-led ?
The subject of risk ( and risk management ) during the DX journey is well covered in the market by the likes of industry analysts and major consulting firms . In its paper titled “ Managing Risk in Digital Transformation ” 14 , Deloitte suggests that “ the building blocks of the digital risk strategy is crucial to its success . An immediate step by organizations is to have robust measures around cybersecurity . The questions which need to be addressed are , ‘ Is this enough ? Is cybersecurity the only risk to a digitally enabled organization ?’” Deloitte then tells us that it is critical to consider risk areas beyond traditional risk . Deloitte then describes a “ Digital Risk Framework ” that covers a wide range of areas , including technology , cyber , strategic , operations , data leakage , third-party , privacy , forensics , regulatory , and resilience .
In its article “ Mitigating the hidden risks of digital transformation ” 15 , CIO Magazine states that “ Companies are looking to grab any technology-driven advantage they can as they adapt to new ways of working , managing employees , and serving customers . They are making bigger moves toward the cloud , e-commerce , digital supply chains , AI , data analytics , and other areas that can deliver efficiency and innovation . Enterprises are also trying to manage risk — and the same digital initiatives that create new opportunities can also lead to risks such as security breaches , regulatory compliance failures , and other setbacks . The result is an ongoing conflict between the need to innovate and the need to mitigate risk . New , cross-discipline risk management techniques are necessary to securely reap the benefits of transformative technologies .”
When IIoT systems are implicated in DX effort , the risks to the journey and the organization itself are made more complex due to the digital-physical divide in these systems and the significant differences that exist between the IT and OT worlds in terms of technology , culture , organizations , and best practices .
The table below provides highlights about some of these risks : Risks
Description Unwise choices may lead to serious functional , architectural , and operational
Technical 16 issues . This is particularly significant with brown-field OT systems where it may be challenging to integrate them and align them the overall DX objectives .
26 November 2021