Description: Business risk refers to the possibility of losses due to various factors affecting business operations. This concept encompasses a wide range of uncertainties that can negatively impact an organization’s profitability and sustainability. Risks can arise from various sources, including changes in the economic environment, government regulations, market competition, technological failures, and natural disasters, among others. Effective business risk management involves identifying, assessing, and mitigating these risks to protect assets and ensure business continuity. In an increasingly interconnected and digital world, risk management has become essential for companies seeking not only to survive but also to thrive in a competitive environment. Implementing risk management strategies allows organizations to anticipate potential problems and develop contingency plans, which in turn fosters trust among investors, customers, and employees. In this context, data governance and the use of technologies such as cloud computing play a crucial role, as they enable companies to manage and protect their information more efficiently, ensuring that critical data is available and secure against external and internal threats.
