Modern risk management methods in the digitalization of business

In the context of digitalization of business, effective risk management remains a pressing issue, the solution of which contributes to company development, improved financial results, and stronger competitiveness. This article examines the nature and types of business risks, as well as the stages and methods of management. Traditional risk management methods include insurance, diversification, limitation, and others. However, in the context of digital transformation, the risk management process has changed due to the emergence of new tools, including automated systems, artificial intelligence technologies, and Big Data. That's why, to maintain current market positions, it's essential to study and continually adapt risk management to modern realities.