Gartner: Digital risk officers becoming more common

Gartner: Digital risk officers becoming more common

Jul 29, 2014

 

Digital risk officers (DRO) will become a common role in many organizations by 2017, Gartner has claimed.

The analyst firm said 33 per cent of large companies that engage in digital activities and business models will have someone in a DRO or equivalent role within three years.

This trend will be driven by the fact that 60 per cent of digital businesses will experience a major service failure by 2020. The inability of IT security teams to tackle the risk associated with new technologies is likely to be a primary factor in these shortcomings. 

Paul Proctor, vice-president and distinguished Gartner analyst, said that while many traditional security officers will be renamed DROs, they will not fulfill the requirements unless there is a change in their skills and mandate.

"Digital risk officers will require a mix of business acumen and understanding with sufficient technical knowledge to assess and make recommendations for appropriately addressing digital business risk," he explained.

As organizations become increasingly dependent on crucial IT systems for day-to-day operations, the importance of 24/7 functionality increases to record levels.

This is why many businesses invest in disaster recovery options, such as innovative Oracle standby databases, to minimize downtime following an unforeseen event.

According to Gartner, the risk associated with major systems failing is only going to rise in the coming years, with DROs playing a larger part in decision-making processes. 

"This role will explicitly work with non-IT executives in various capacities to better understand digital business risk and facilitate a balance between the need to protect the organization and the need to run the business," Mr Proctor stated.

However, Gartner warned that the cultural differences between the IT and business departments may prevent the effective implementation of new strategies.

The organization said those that do not effectively bridge this gap could suffer poor visibility and governance of digital risk.

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