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Tag Archive for: Top Risks

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Top Risks for Data Storage Sector Revealed in the TechAssure Risk Survey

TechAssure Association, Inc has conducted its’ first risk survey for technology firms on the major risks and business concerns facing the technology industry.

The top ranking risk concerns for firms operating in the Data Storage Sector were diverse and included risk of damage to brand, image, and reputation, network, privacy, and security risks, and risks of losing intellectual property. We also found out that uncertainties that may arise from changes in regulatory corporate governance, and legal environment, fluctuations in economic conditions, inability to continue new products and services innovations, risk of failure to access capital, and interruptions in business processes were key risk concerns for the sector. Our survey also found that risks associated with partnerships with vendors and other strategic alliances as well as the inability of a firm to attract and retain key talent were top ranking risk factors for firms in data storage sector.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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TechAssure Risk Survey Highlights Risks in the Entertainment and Gaming Sector

During our 2013 risk management survey, we found that executives in the Entertainment and Gaming sector were aware of the main organizational risks.

The entertainment and gaming sector is one of the technology firms faced with high uncertainties due to the nature of the industry. In our survey, we have identified the top risks for firms in this sector. The risks associated with damage to brand, image, or reputation of firms in the entertainment and gaming sector along with privacy, network, and security risks are the top risks for firms in the sector. In addition, firms in the entertainment and gaming sector face risks of losing intellectual property, uncertainties associated with changes in corporate governance, legislative, and regulatory environment, liabilities over violent content, inability to attract and retain key talent, fluctuations in economic conditions, and failure to innovate new products and services. Finally, delays and interruption in business and product development schedules and risks of failure to access capital significantly pose threats to firms in this sector.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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TechAssure Risk Survey Reports on Top Risks for Computer Networking Sector

The business environment in which technology firms operate in is becoming increasingly difficult. Risks and uncertainties are the major problems facing technology firms today. Therefore, adequate risk management will be a key success factor for firms operating in the technology sector. TechAssure Association conducted a survey between February and April 2013 on the major risk factors facing the various sectors in the technology industry. Our research revealed that certain risk factors were of concern across the major sectors in the technology industry.

Our findings on the top risk concerns for computer networking firms shows that the three top ranking risk factors are damage to reputation, brand, and image, risks associated with network, privacy, and security, and potential loss of intellectual property respectively. Other top ranking risk factors in this sector include inability to continue with innovation of new products and services, potential economic changes, difficulties in accessing capital, interruptions in business operations, and risks involved in partnerships with vendors and other strategic alliances. Firms operating in the computer-networking sector also face risks of failure to attract and retain key talent as well as increased competition in the global scene.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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TechAssure Risk Survey Highlights Challenges in Regulatory and Legislative Risks for Life Science Firms

The 2013 TechAssure Risk Survey highlights the challenges in regulatory and legislative risks for biopharmaceuticals and life science firms.

The Biopharmaceuticals and life sciences sector was also included in the survey. Based on the survey and our research and experience we identified the top risk concerns for firms operating in the sector. The top three risk factors were risk of damage to reputation, brand, and image, potential changes in the corporate governance, regulatory, and legislative environment, and failure to access capital in that order. Our research has also found that increased competition in the global scene, risk of losing intellectual property, risks associated with the supply chain and inability to manage risks with partners and strategic alliances are among the top risk factors for concern in the Biopharmaceuticals and life sciences sector. Other top ranking risks are associated with network, privacy, and security, inability to innovate new products and services, and risks of delays and interruptions in R&D.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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TechAssure Risk Survey Finds Telecommunications Sector Faces a Wide Range of Risks

During our 2013 risk management survey, we found that executives in the Telecommunications sector were aware of the main organizational risks.

Our survey, research, and experience also revealed the top risk concerns for firms operating in the wireless telecommunication sector. Key among these risks were risk of damage to reputation, brand, and image, security, network, and privacy risks, and risk of losing a firm’s intellectual property. In addition, we found that firms operating in telecommunication sector face increasing risks of changes in regulatory, legislative, and corporate governance environment as well as potential economic conditions changes and lack of ability to develop new and innovative products and services. Other risk factors facing players in the telecommunication industry include difficulties in accessing capital, risks associated with partnerships with vendors and other strategic alliances, interruptions in business operations, and failure to attract and retain key talent.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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TechAssure Survey Reveals that Uncertainty Brings a Heightened Sense of Risk Awareness for Internet Sector

The business environment in which technology firms operate in is becoming increasingly difficult. Risks and uncertainties are the major problems facing technology firms today. Therefore, adequate risk management will be a key success factor for firms operating in the technology sector. TechAssure Association conducted a survey between February and April 2013 on the major risk factors facing the various sectors in the technology industry. Our research revealed that certain risk factors were of concern across the major sectors in the technology industry.

Firms operating in internet-related business activities are exposed to risks of damage to reputation, brand, and image, security, network, and privacy risks, as well as risks of losing their intellectual property. Firms in this sector also face risks of changes in corporate Governance, regulatory, and Legislative environment, risks of failure to attract and retain key human resource, business interruptions, and potential failure to continue with innovations of new products and services. Our survey further revealed that changes in economic conditions, risk of access to capital, and increase in global competition were significant risk factors for operators in internet-related businesses.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.