Description: The 'Risk Analysis' Digital Business Capability refers to the ability of a business to identify, assess, and prioritize potential risks or threats in its digital operations or projects. This capability involves the use of digital tools and technologies to evaluate the likelihood and impact of risks, and to develop strategies to mitigate them. It includes aspects such as cybersecurity risk assessment, data breach risk analysis, and digital project risk management. The aim is to reduce uncertainty, protect business assets, ensure data integrity and privacy, and maintain business continuity in the digital environment. Additional information: The 'Risk Analysis' Digital Business Capability refers to the ability of an organization to identify, assess, and prioritize risks associated with its digital operations and initiatives. This capability involves the use of digital tools and technologies to evaluate potential threats and vulnerabilities in the organization's digital infrastructure, systems, and processes. Risk analysis includes the assessment of the potential impact and probability of identified risks, and the development of strategies to manage and mitigate these risks. It involves understanding the organization's risk tolerance and aligning risk management efforts with the organization's strategic objectives and risk appetite. This capability also includes the ability to monitor and review risks on an ongoing basis, and to adjust risk management strategies as necessary in response to changes in the organization's digital environment or risk profile. Risk analysis can cover a wide range of risks, including cybersecurity threats, data breaches, technology failures, regulatory compliance risks, and risks associated with digital transformation initiatives. Effective risk analysis can help an organization to protect its digital assets, ensure the continuity of its digital operations, maintain the trust of its customers and stakeholders, and achieve its strategic objectives in a digital business environment. In the context of TOGAF, risk analysis is a critical component of the organization's enterprise architecture, helping to ensure that the architecture is robust, resilient, and capable of supporting the organization's business objectives in a risk-informed manner. Example: 1. Cybersecurity Risk Analysis: Government agencies like the Department of Homeland Security (DHS) or the National Institute of Standards and Technology (NIST) in the United States conduct risk analysis to identify potential threats to their digital infrastructure. They assess the likelihood of cyberattacks, their potential impact, and develop strategies to mitigate these risks. 2. Health Risk Analysis: Public health agencies like the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) use digital tools to analyze the risk of disease outbreaks. They use data analytics to predict the spread of diseases, identify high-risk populations, and plan interventions. 3. Financial Risk Analysis: Government financial institutions like the Federal Reserve or the Treasury Department conduct risk analysis to assess the stability of the financial system. They use digital tools to analyze economic indicators, assess the risk of financial crises, and develop strategies to mitigate these risks. 4. Environmental Risk Analysis: Environmental agencies like the Environmental Protection Agency (EPA) or the National Oceanic and Atmospheric Administration (NOAA) conduct risk analysis to assess the impact of environmental hazards. They use digital tools to model the impact of climate change, pollution, or natural disasters, and develop strategies to mitigate these risks. 5. Infrastructure Risk Analysis: Public sector entities like the Department of Transportation or the Federal Emergency Management Agency (FEMA) conduct risk analysis to assess the resilience of public infrastructure. They use digital tools to model the impact of various hazards, assess the vulnerability of infrastructure, and develop strategies to mitigate these risks. 6. National Security Risk Analysis: Intelligence agencies like the Central Intelligence Agency (CIA) or the National Security Agency (NSA) conduct risk analysis to assess threats to national security. They use digital tools to analyze intelligence data, assess the risk of terrorist attacks or other threats, and develop strategies to mitigate these risks. Publisher: EIRA Team LOST view: OV-Risk Analysis [Motivation] Identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisCapability EIRA traceability: eira:DigitalBusinessCapability EIRA concept: eira:SolutionBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisCapability dct:title: Risk analysis (DBC)