Page 23 - Data and Digital Technology Strategy 2024-2026

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Page 23 - Data and Digital Technology Strategy 2024-2026
P. 23

DATA AND DIGITAL TECHNOLOGY STRATEGY 2024-2026






                        RISKS AND ISSUES




                         Lack of affordability leading to             Late adoption of new technologies such
                          insuffi cient funding to meet strategic         as AI, resulting in threats to the RVCֱs
                          priorities                                     business model
                         Risk of signifi cant threat to the RVC        Inability to recruit and retain
                          operations through failure to resource         appropriately qualifi ed and experienced
                          and adopt appropriate cyber security           staff to maximise benefi t from existing
                          measures and support                           and new technologies
                         Lack of political mandate for changes
                          to the governance of Data and Digital
                          Technologies
                         Lack of adherence to the RVC
                          Behaviours framework by key
                          stakeholders
                         Risk of loss of accreditation for the
                          RVC or reputational damage or failure
                          to comply with regulatory requirements
                          through failure to adopt suitable data and
                          cyber security governance methods
                         Lack of ability to create timely and
                          accurate institutional submissions to
                          regulatory, accreditation and other
                          bodies









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