Qualitative Study of Risk Management Challenges and Opportunities in Digital Transformation

The rapid advancement of digital technologies has introduced significant opportunities but also complex risks for organizations. As businesses increasingly adopt digital transformation strategies, they face new types of risks, including cybersecurity threats, data privacy concerns, and the challenge of managing complex, technology-driven processes. This paper explores how organizations are navigating risk management in the context of digital transformation, highlighting the challenges they face and the opportunities for developing more effective risk management frameworks. Through qualitative interviews with industry professionals, the study examines the current landscape of risk management in digital transformation, identifying best practices, gaps, and strategies to address emerging risks. The findings provide valuable insights into how organizations can enhance their risk management processes in an ever-evolving digital world.