Technology, Media and Communications

Industry Overview

Technology, Media and Communications

Seizing Opportunities in a Fast-Moving Environment

After a long run of rapid growth and relatively easy access to capital, the technology, media and communications industry faces growing headwinds and rising volatility. Business disruptions, changes in the way people consume content, cyber attacks, industry consolidation, intellectual property risks, mergers and acquisitions, environmental, social and governance (ESG) factors, and post-pandemic workforce issues all threaten operational resiliency and profitability.

Yet, while demographic, economic and geopolitical trends are converging to create an incredibly challenging operating environment, this is an exciting moment for business leaders who can manage risk, harness new technologies, and engage their people to capitalize on emerging growth opportunities.

At Aon, our teams have deep experience across all segments of the technology, media and communications industry—including content and digital platforms, semiconductors, software and hardware firms, and telecommunications—and we partner with clients to navigate complex risks, cyber threats, intellectual property disputes, reputational crises, shifting talent needs, and more, to protect assets, optimize performance, and achieve strategic objectives.

Top 5 Current Risks

According to our latest Global Risk Management Survey, the biggest risks facing the Technology, Media and Communications industry include:

  • 01

    Cyber Attack or Data Breach

    Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.

  • 02

    Failure to Attract or Retain Top Talent

    Companies excel when they have the best possible talent in each role, from the C-suite to the front line. An inability to fill these slots and retain top-performing employees can have serious repercussions.

  • 03

    Tech or System Failure

    Technology failure can result in a loss of income and also have knock-on impacts on a company's reputation.

  • 04

    Economic Slowdown or Slow Recovery

    Global economic uncertainty is being fueled by geopolitical volatility and unpredictable inflation and interest rates.

  • 05

    Failure to Innovate or Meet Customer Needs

    Companies excel when they have the best possible talent in each role, from the C-suite to the front line. An inability to fill these slots and retain top-performing employees can have serious repercussions.

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