Meaning ● Technology Risk Management, within the realm of SMB growth strategies, concentrates on the identification, assessment, and mitigation of risks stemming from technology implementation and automation. This proactive approach is vital for safeguarding business assets, ensuring operational resilience, and maintaining data integrity as SMBs adopt new technologies. It is crucial for SMBs to balance technological advancement with robust security protocols and compliance measures, enabling sustainable growth and preventing disruptions caused by technological failures or cyber threats. Essentially, it provides a framework to address potential pitfalls during technology deployment. This discipline incorporates risk assessment methodologies relevant to technology within the business, and provides actionable insights to business stakeholders.
