Rapid technological advances mean that systems

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The introduction of technologies into business processes is a necessity for increasing efficiency and competitiveness, but improper management of these technologies can lead to failures, cyberattacks or data loss. It is important for entrepreneurs not only to follow new technological trends, but also to be able to manage the risks associated with their implementation.

Main technological risks:

Cyber ​​threats and data leaks. One of the most serious technological risks for businesses is cyber attacks. If the system is hacked, intruders can gain access to the confidential information of the company and its clients, which will lead to financial losses and reputational risks.
Example: Hackers break into a company's system and steal customer data, resulting in major losses and lawsuits from the victims.
IT infrastructure failures. Server failures, software glitches, or internet problems can bring a company to a standstill. This is especially true for companies that depend on constant access to their digital systems.
Example: An online service company experiences a server failure, resulting in the service people phone numbers being unavailable to customers for several days and loss of revenue.
Technology obsolescence. in use can quickly become obsolete. Companies that do not update their technology risk losing competitiveness or encountering compatibility issues.
Example: A company running on legacy software loses the ability to integrate with new platforms, resulting in decreased operational efficiency.
Incorrect implementation of new technologies. Implementing a new technology may not bring the expected results if it does not meet the needs of the company or if employees are not trained to use it.
How technology can become a source of risk

Example: A company invests in a sophisticated CRM system, but employees are not properly trained, resulting in the system being used ineffectively and processes not improving.