How to manage IT risk without killing innovation

Startup slogans are inescapable in tech: Move fast. Break things. Minimum viable product. These are exciting ideas, for sure, but to put them to use in IT, you’ll need to tailor them to your context.

For IT executives running established businesses, the risk-reward scenario is different. Thousands or millions of customers depend on your infrastructure. And if a change takes down the online banking platform, for instance, significant losses may occur.

So, while the drumbeat for CIOs to be innovative is only growing louder, and digital transformations are under way across nearly every industry in pursuit of top-line growth, tech execs would be wise not to discount the risks inherent in their innovation efforts.

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