Mathematical Modeling of Risk Management Processes in IT Companies

• Published in: Проблеми сучасних трансформацій. Серія: економіка та управління no. 9
• Main Authors: Khaustova, Viktoriia, Ivanov, Mykola
• Format: Journal Article
• Language: English
• Published: 30.09.2023
• ISSN: 2786-5738; 2786-5738
• DOI: 10.54929/2786-5738-2023-9-04-16

Today, there is a rapid increase in the demand for information technologies. This is due to many different factors, such as the increase in the amount of information in the world, the increase in the number of investments in this area in the economy. IT products are characterized by a high degree of uniqueness on their own. The article defines the main mathematical models of the risk management process in IT companies. The classification of risks in the field of information technologies is presented, their features are described. The foundations for the construction of more functional and mathematically based models of IT risk management are defined, and the shortcomings of the described methods are also noted. The main parameters of risk in IT companies are considered and their types are determined. The basis for building more functional and mathematically justified models of IT risk management is summarized, and the shortcomings of the described methods are also noted. A conclusion was made about the need to analyze the theoretical aspects of risk management and their adaptation to modern market conditions and the practical application of theoretical postulates in the management system of a business entity.