Economy 4.0 – Risk Considerations for a New Era in Communications, Media, and Technology
Marsh’s latest report, Economy 4.0: Risk Considerations for a New Era in Communications, Media and Technology, discusses the risks and opportunities for communications, media, and technology (CMT) companies amid the emergence of “Economy 4.0” — as the sharing, on-demand, or digital economy is sometimes known.
The changing workplace and new emerging business models have been described in many different ways; however, no definition encompasses all aspects.
Business models are disrupting traditional concepts of service delivery, content production, and manufacturing. Marsh is seeing the shift towards the virtual, the online and the intangible facilitating an ever easier flow of goods, people, capital, services and ideas. This shift has transformed the risk landscape for many organisations and has prompted boards and risk professionals to consider how they must face the challenges presented as traditional risk analysis and assumptions lose relevance to today’s organisations.