The technology industry has seen unprecedented growth in recent years with the pandemic only serving to strengthen society’s reliance on technology. The crisis offered new opportunities for businesses in the technology sector, fuelling innovation and driving new products and services.
This section aims to provide expert advice, guidance and resources for the technology industry to support successful technology risk management and technology industry growth.
The technology sector showed true resilience during the pandemic as companies quickly expanded their existing tech and demanded innovations to help them cope with their changing circumstances, from home working to ecommerce.
This demand, and renewed appreciation for technology, has driven growth and resulted in a raft of new products and services in the sector. However, with any change comes new risks and the sector must ensure it fully understands, and is prepared for, these challenges.
As demand for technology grew so did cybercrime, with attackers creating a constantly evolving cybercrime landscape to contend with. Technology firms must ensure their resilience and mitigate the interruptions to service that a cyber-attack could cause.
Cyber security risks and privacy issues are ongoing concerns. Company or customer data being mishandled, compromised, misused or stolen is always a major risk factor, from reputational, financial and legal perspectives.
Keeping the Technology Sector Thriving
Identifying, understanding and protecting against the risks ahead will help the technology sector continue to thrive.
The sector certainly shows signs of a very strong future. It has a skilled and committed workforce, an enthusiastic and engaged generation of future employees coming through education and training, and an encouraging focus on innovation and results.
