TECHNOLOGICAL RISKS OF DIGITALIZATION IN NON-ACADEMIC ENVIRONMENT

Mariana Kovacheva
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Mariana Kovacheva: University of National and World Economy, Sofia, Bulgaria

Innovative Information Technologies for Economy Digitalization (IITED), 2025, issue 1, 137-144

Abstract: Digitalization has become a defining characteristic of organizational transformation, extending beyond academic institutions into business, government, and public service sectors. While it enhances efficiency, innovation, and connectivity, it simultaneously introduces new categories of technological risks that threaten operational stability, data integrity, and ethical governance. This paper examines the technological risks of digitalization in non-academic environments through a structured classification of eight categories: cybersecurity threats, data privacy risks, system failures and downtime, loss of digital skills control, ethical and algorithmic risks, dependency on vendors and platforms, job displacement, and legal and regulatory challenges. Drawing upon the ISO 31000:2018 risk management framework, the study provides a systematic analysis of how these risks can be identified, analyzed, and mitigated. The findings underscore that managing technological risks requires not only technical solutions but also social, ethical, and organizational adaptation. By offering a comprehensive conceptual framework, the paper contributes to improving risk awareness, resilience, and responsible digital governance in no n-academic institutions.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iitfed:y:2024:i:1:p:137-144

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