The connotation of digitalization for a company‘s risk management

Digitization is apparent. Due to this, business processes are transforming. Particularly for risk management, the digital revolution introduces amendment. Fresh chances provided, while on other hand, uncharted threats arise. Hence, management needs actively adapt and change. The purpose of this paper understand if digitalization affects management. Subsequently, focus emphasized in innovations. In contrast one another concerning another, facilitation challenges discussed. Twenty articles financial journals provide foundation show that many companies consulting firms such as Big Four KPMG or Deloitte potential impact technological advances. There preparations accompaniments implementation new technologies. According premise trend toward streamlines expedites identification subsequent assessment. Along with a case study current situation involving company “Vienna Energy,” which heavily covered media, scientific literature search was conducted. organization has been accused poor findings demonstrate there already adequate knowledge available, businesses aware advantages Digitalization huge will result rationalization Thus, research can add dimensions assessment process and, particularly, express benefits opportunities non-analog methods.