Question

There are usually some companies that move technology ahead better than others. The banking industry has a vested interest in ensuring that the money is secure

Do you see certain sectors of the market being moved but certain technologies? How would you define the risk and what are the rewards of using a system?

CGMT 442 Information Systems Risk Management

Answer 1

In the 21st century world order technology is defining how a business will move and add value in its system. Companies like Amazon, Google, Tesla, Uber drive their business due to technology only. Retail and automobile sectors in the market are moving to a different scale and proposition due to change in technology. We have seen how Amazon is ruling theb world in e-commerce segment by continuously moving on technology. Amazon has drive the entire global retail industry to change their landscape and improve in technology to sustain in the market else they will be vanished in the system. Here risk is how technology can provide value to the organization. Here value in terms of revenue, customer acquisition and increase in market penetration. The reward is growth and the value the company will attain due to implement of the technological system.