Business and Technology Risk

Innovate with confidence by taking control of your business risk and compliance

In today's ever-changing business and regulatory environment, organisations must continuously rethink risk. With increasing regulatory pressures and growing competition, businesses need confidence through transformation and value creation in compliance to address the fast-moving and unpredictable risk landscape.

Our Business Risk Consulting team supports leading organisations worldwide in navigating risk with confidence and driving lasting change by fostering a risk resilient business culture. By leveraging our understanding of global businesses, industry expertise, and regulatory awareness, we provide businesses with enhanced confidence in achieving high compliance standards.

Through our human-led, tech-powered approach, we accelerate your journey towards a more mature and insightful risk state, enabling you to drive growth, operate efficiently, and manage risk effectively.

How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy?

A recent survey conducted by PwC India, titled, “How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy? A survey of India’s data privacy landscape” , explores the prevailing perceptions about privacy, trust and concerns about free data sharing and its potential misuse by many organisations. The survey underlines the pressing need for building a privacy respecting and privacy aware culture in India and having a privacy first approach in organisations.

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56%

of consumers not aware of their rights related to personal data.

42%

consumers were not sure if they would continue using the services of a company post a data breach. This rate is higher in Tier 1 cities at 72%.

70 %

consumers said that they find privacy policies difficult to understand

Your business priorities

Transform Risk Management

In the digital age, all functions are rapidly transforming through digitalization, operating model changes, and process re-engineering. The risk function must also support these initiatives and undergo its own transformation and contribute value.

Building agility and trust through Digital

Management wants risk managers to build trust in digital and technology adoption by using strong controls and assurance models. Utilise platforms like GRC to automate control procedures and provide real-time visibility on control health.

Address sectoral risk issues

Each sector has unique risk nuances and mitigation principles. Customising risk mitigating principles and procedures is crucial in today's dynamic business landscape. Address your core sector risks through technology enabled systems to promote agility and appropriateness.

Services

Risk Transformation

We help organisations manage risk through advanced technology, data analytics, and industry expertise. Our services include risk management, compliance, and regulatory solutions to optimise strategies, reduce costs, and enhance performance. Services: ERM maturity, control maturity, continuous monitoring, and automation maturity.

Data privacy and protection

In the digital era, data privacy is crucial. Organisations must manage data collection, processing, storage, and security. PwC offers data lifecycle management services, including privacy assessments, framework design, and compliance, ensuring trust and protection of sensitive data.

Risk and regulatory solutions like HIPAA, Hitrust

PwC assists organisations in prioritising their risk and regulatory compliance with the help of global security and risk management frameworks such as HIPAA and HITRUST.

Enterprise GRC solutions and services

PwC enhances governance, risk, and compliance functions through industry expertise. We offer end-to-end services, including managed services, to automate and optimise GRC processes, reducing non-compliance and costs. Solutions include ServiceNow, RSA Archer, Workiva, and more.

ERP application controls

PwC’s team of experts help clients design, implement, and operate robust control frameworks and security environments for ERP systems. Our services include ongoing monitoring, assessments, and one-time reviews to identify, remediate, and mitigate risks.

Application controls and events monitoring solutions

PwC’s application controls and event monitoring solutions automates the time-intensive, manual activities required to monitor and test your enterprise application control environment.

Software and hardware asset management

PwC optimises costs, improve efficiency, and ensure compliance. We leverage automation and expert insights for maximum returns and effective asset management.

Business continuity and disaster recovery

Organisations face evolving threats and shifting business priorities, requiring agility and adaptability. To stay competitive, they must establish robust business continuity and resilience frameworks, ensuring they operate effectively in a dynamic, regulated, and customer-centric environment.

IT controls design, build and testing

Strengthen and automate your ITGC environment by leveraging our leading practice ERP-specific content for access to programmes and data, programme change, and computer operations controls.

Computer system validation/quality management systems

PwC’s quality and validation CoE, enable clients to validate their systems with fit-for-use and agile validation strategies to ensure agility is achieved without compromising quality. We do this with PwC's many tools and accelerators including reusable global templates for systems.

Sector-specific services

Quality Management Systems (QMS) and Computer System Validation (CSV) – Pharma Sector

Inefficiencies in quality management can lead to revenue loss and regulatory risks. PwC offers services like QMS process design, software implementation, support, and managed services. We ensure effective quality management through technology, reducing inefficiencies and maintaining compliance.

Process control optimisation and implementation for metals and mining, power and cement and other DIPs

PwC experts analyse and optimise business processes and internal control systems, create control procedures, risk mitigation and control methods matrixes and implement business process automatisation in order to build an effective internal control system.

Compliance and regulatory services – Financial services

Manual contract management exposes companies to legal and financial risks. PwC offers automated solutions with transparency, governance, accountability, and continuous improvement, leveraging technology, contract review, risk assessment, and industry expertise to maximise operational benefits.

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Know our team

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The Digital Personal Data Protection Act 2023

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Financial Services Risk Symposium

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Contact us

Anirban Sengupta

Partner and Leader - Business and Technology Risk Consulting, PwC India

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