We have come a long way. There was a time when you had to wait in line for hours in order to pay your electricity bills. Today, you do that with a simple click of your PC’s mouse or mobile device button. Online businesses have evolved a lot in terms of promotion and service. There is no doubt about the fact that coming years will see a surge in entrepreneurship backed by advanced technological advancements that will pave the way for increased industrial development. Technology has brought us benefits that create convenience for everyday business dealings. However, we cannot escape the risks associated with those benefits. This article looks at the risks and benefits of digital transformation to help you understand how far we have come and how we can utilize the benefits to cancel the effect of risks.