Page 23 - Deconstructing risk
P. 23

Fig. 5 | Top risks for digitalization and new technologies

 # Rank order                                                                                                                            Ease of management
Impact                                                                                                                                                  1=Easy to manage
1=Low severity
10=High severity                                                                                                                                  10=Difficult to manage
                                                                                                        1

                                                                                                        2

                                                                                                        3

                                                                                                        4

                                                                                                        5

                                                                                                        6

  1. Overreliance on/failure of                                                                         7
      critical IT systems
                                                                                                        8
 2. Liabilities arising out of the use of BIM
 3. Third-party security vulnerability/                                                                 9

      Digital supply chain resilience                                                                   10
 4. Increased security threat from cyber-
                                                                                                        4.5 5 5.5 6 6.5
      attacks and data privacy breaches
 5. Risks emerging from new technologies                                                                       Risks resulting from digitalization and new technologies
 6. Overreliance on technology leading to

      increased human error
 7. Cost and operational impact of IT

      implementations
 8. Inability to capitalize on automation

      of processes
 9. Inability to keep up with pace of change
10. Increased usage of (own) mobile devices

      (BYOD)/Internet of things

                                                                                           6.5 6 5.5 5

                                                                                                                                                                          21
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