Is Digital transformation at all time risk??

Digital transformation has become the mainstream business focus that necessitates committed leadership, technical expertise and change management to implement and optimize the benefits. Digital transformation will continue to evolve and companies need to stay abreast, listen to customers, assess needs of today, and anticipate changes the future holds in store.

As many organizations are looking to multi-cloud and hybrid cloud infrastructures to give them the flexibility and agility they need to compete in the marketplace. However, this shift can also introduce new risks, particularly when it comes to governance of the cloud environments.

Most of the Tech companies say digital transformation is imperative for all businesses, from small to enterprises. With the growing times certain business houses have seen the flip side of the Digital transformation, it is not clear to many business leaders what digital transformation means. Is it just a catchy way to say moving to the cloud? Is it really worth it?

Digital transformation is exponentially increasing the possible attack surface, creating new possibilities for the cyber-criminal sector. With technology, the new age economy and digitisation, data has acquired enormous value. Whereas, experts say new age technologies such as automated hacking, deepfakes, and weaponized AI are moving towards digital destruction.

The adoption of new digital tools is redefining business models and core processes, and changing the relationship organizations and employees have with technology. At the same time, cyber security threats will grow alongside increasing reliance on digital tools and workflows, requiring persistent vigilance and proactive mitigation measures as digitalization evolves.

One of the most vulnerable areas is the supply chain and sales channels. Here, a lack of clarity around a multichannel strategy can introduce a number of risks. For example, if a company decides to move completely to a digital sales channel, there may be a lack of strategy to enable the shift by the partner, customer, or consumer on the other end. This can lead to disruptions in the supply chain and a loss of business.

We are witnessing how Digital transformation is exponentially increasing the possible attack surface, creating new possibilities for the cyber-criminal sector. In addition to their ever-expanding arsenal of malicious software and zero-day risks and many more to invest in the coming days.

Dr. Deepak Kumar Sahu, Editor-in-chief- VARINDIA