This weekend, the famous Indianapolis 500 will be run for the 99th time with a slate of more than 30 race cars competing to win the “Greatest Spectacle in Racing”. The run-up to this event reminds me of the current state of digital business – teams of individuals working together to optimize their business operations for a grueling, yet fast-paced competition at the highest level. Without a doubt, in the Indy 500 and in digital business, risk is at the forefront of everyone’s mind. The primary difference between the two is that the car race, unlike digital business, is a life or death proposition.
However, many businesses today are ill-equipped for the new world of digital business because they view it like car racing – a life or death proposition. They are frightened by the latest high-profile, devastating cyber attacks – Sony, Anthem, Target, et al. So, their entry in the “Digital Business 500” looks much like an amored car – very secure and safe, yet low on performance.
CEOs are demanding more. In fact, in our 2015 CEO Survey: Committing to Digital, 83% of CEOs consider “agility” most important relative to risk management, 77% expect new types and higher levels of digital risk, and 65% believe risk management is lagging in investment and maturity. To win the “Digital Business 500”, CEOs realize that they need a business that looks like an Indy Car – high on performance and fine-tuned by highly trained professionals to be safe and secure.
At our upcoming Gartner Security & Risk Management Summit, my colleagues Peter Firstbrook, Avivah Litan and Ant Allan will kick-off the event with a keynote highlighting the need for a “Risk First, Security Second” approach. Much like a racing team, risk and security management pros must first understand the risks before treating them. By taking a “Security First” approach, they may have a very secure and safe business, but not one designed for the race conditions they are facing in digital business.
In fact, with this notion in mind, I think our Summit is inappropriately named. It should be more aptly named the Gartner RISK & Security Management Summit. Whatever the name, it will be a great event with more than 2,500 RISK and security management pros in attendance. Hope to see you there!
Predicts 2019: Data and Analytics Strategy
Data and analytics are the key accelerants of digitalization, transformation and “ContinuousNext” efforts. As a result, data and analytics leaders will be counted upon to affect corporate strategy and value, change management, business ethics, and execution performance.Read Free Gartner Research
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