Working methodology for assessing digital transformation risks

Abstract

The intensification of digital transformations increases risk situations and raises the issue of their assessment. Although these issues are the focus of researchers, there are still no working risk assessment tools that would gain the trust of users, especially representatives of micro and small businesses. To ensure competitiveness and overall business efficiency, it is advisable to create a working methodology for assessing the risks of digital transformation. The purpose of the study is to formulate a methodological approach designed to become a working tool for identifying the factors that determine the risk situation in the digital market and characterize their impact. For this purpose, the results of existing studies are commented on and a comparative description of methodological approaches to assessing the risks of digital transformation is given. The need for an urgent solution to the risk management problems associated with digital transformations was emphasized. Strategic measures to be taken to address the relevant problems were explained. The initial approach assumed a relatively easy-to-understand and implement methodological approach involving the creation of a bank of relevant risks for assessing cyber risks. From a methodological point of view, in the network implementation of multi-level business models, great importance is attached to the fact that digital business entities operating at the same level compete with each other and also enter into partnerships.