Technological Transformation and Technological Risks

Technological Transformation

Technological change has resulted in an over-dependence on data, software and IT infrastructure. All are targets of a rapid increase of cyber threats all over the world and are thus one of the biggest threats of the 21st century.

Technological change enables us to pursue totally new paths. While the automation and digitisation of value chains is gaining importance, the full potential of mergers, transparency, big data, and metadata remains to be exploited. Manufacturers of previously traditional products and services are becoming system providers, goods are being replaced by data, and machines by platforms.

We are undergoing times of permanent change, which many refer to as systemic transformation or multiple crises strung together. This change takes place in different fields and segments. They, in turn, are interlinked at various levels. HORIZON’s risk-oriented approach aims to define and outline the key areas of change affecting your company. In doing so, we take a close look at the systemic influences of ecological, geopolitical, technological and social transformation on your company’s risk landscape.

Read what our risk expert had to share regarding the future of technological risks in front of us.

A Conversation with Fintech Visionary Magda Milas
Jurgen Spari, and Christa Zengerer, Managing Director of ACstyria Mobilitätscluster, the future challenges and opportunities in the automotive, aerospace, and rail systems sectors.
Laura Hochegger sits down with Janice Goodenough from HYDROGRID to discuss the untapped potential of hydropower.
How Robotics, Automation, and Artificial Intelligence Are Changing the Labour Market
We are in a time where advancements are once again having a profound impact on civilization but with one crucial difference.
Under the title “Environment in danger”, our upcoming HORIZON series concentrates on the ecological transformation and therefore looks at all its challenges from various angles.
Other crises, the climate crisis being a prominent example, are more likely to emerge as developments that gradually manifest themselves.
An effective risk management process is a basic requirement for tackling transformation risks.
Companies are exposed to various kinds of risks. At the same time, systemic transformation exacerbates existing risks and causes new risks to emerge.

Georg Winter

CEO GrECo Group

T +43 664 962 39 06