Why Effective Risk Management is Critical for Successful Modernization
In the digital era, businesses increasingly adopt modernization strategies to stay relevant and competitive. However, embarking on the path of modernization entails inherent risks that can significantly impact the success of such initiatives. Effective risk management is becoming crucial in ensuring successful modernization.
In an article published on Venture Beat, Gautam Khanna, VP and Global Head – Modernization Practice, Infosys, talks about the potential risks associated with modernization programs and how enterprises must adopt proactive measures to mitigate these risks.
Effective risk management plays a vital role in the success of modernization programs. By adopting a comprehensive risk management approach, businesses can minimize potential pitfalls, enhance decision-making, and unlock the full potential of their modernization endeavors.