Posts

Risk assessment: A Value model

Risk assessment means looking at all the conditions, situations and threats that exist that could damage or bring down your business. Risk assessment is all about identifying the external and internal threats that exist and measuring the likely consequences if that threat becomes reality. A data security risk assessment would identify what data you have, how you use it, how confidential it may be, how it is affected by regulations and the ways it could be compromised. A major focus of a data security assessment is cybercrime.

In terms of developing an IT staff, the alternative approach to building out a team is to determine your IT staffing needs in terms of risk assessment. That means evaluating risk and directing staffing resources to those areas where the risk is greatest and the consequences most severe. Basically, it is an evaluation on the ROI of your IT staffing in light of identified risk. In particular, what is the return on your risk management investment? The goal is to evaluate risk in light of business and operational consequences. Put simply, which point of failure leads to the most destructive consequences. Once that is determined your limited IT resources can be directed at those most critical areas.

In the short term, you can try to find the specific applicants that have what you need to plug the holes. Is that workable given the challenges to hiring? The market is very competitive.

The alternative is an MSP. Using a Managed Service provider for at least some of your most critical needs can be a very effective way of targeting your IT resources to where you are most vulnerable.

You have more freedom to move resources to where they are most needed.

Opting for an in-house IT team limits you in terms of scalability. You cannot just add or reduce the strength of your IT team anytime. Choosing a managed services provider, however, provides the flexibility to scale up or scale down your IT investment to suit your business needs.

You are better prepared for IT emergencies

Having a service contract with an MSP helps you tackle IT emergencies better because you get access to top-level IT expertise. An MSP’s core business is IT so they are naturally more knowledgeable and up-to-date when it comes to the latest IT challenges, including cybercrime. Plus, an MSP can deploy more resources if need be to solve your IT emergency, helping your business get back on its feet sooner.

You will be ahead of the curve

The IT industry is constantly evolving. The in-house IT team may find it challenging to keep up with the latest trends and norms of the IT industry as they will be caught up in managing the day-to-day IT activities at your office. Also, IT is a very broad field, and only a diverse IT team has the depth to cover all of the different areas. With an MSP, you don’t have to worry about how technology is changing. A good MSP will not only be up-to-date with the latest in tech but also advise you on what tech changes you need to make to stay ahead of the curve.

The lesson for hiring IT is that you should focus resources, be they in-house or external, on the areas where your business is at highest risk from a single point of failure or a cyber attack. Not all IT needs are equal, and traditional models don’t always recognize this. A Managed Service Provider can also assist you in determining a hierarchy of your IT needs.

/by

Forego the standard IT staffing model?

From the outset, even the smallest start-up is reliant on an IT infrastructure. Digital technology cannot be avoided. For small-to medium-sized businesses, developing and bringing on staff to support that IT infrastructure is often a low priority compared to ramping up operations and meeting the revenues goals necessary to stay operational. Resources to address IT needs may not be available (for at least, perceived to be unavailable) Management is focussed on revenue growth and meeting operational and business requirements. Management may also be incentivized to direct available funds in these directions, rather than building out a robust and sufficiently risk averse IT infrastructure. Also, management may not have the background that provides sufficient experience to identify areas where IT staffing is necessary to maintain a stable and sustainable business.

In a small- to medium-sized business beginning to explore the development of an IT support staff, or even in a large organization undergoing significant transformation, there may be a tendency to begin the process of IT staffing with a top level individual–a CTO, IT director or IT manager. Once hired, that individual would be relied on to begin the process of building out an IT staff.

Problems facing organizations: initiating an IT staff build-out

For any organization, from a small firm looking to bring on its first dedicated IT staffer to a large organization, there are a number of hurdles that may be encountered. One of the most immediate is the shortage of available IT professionals. No matter what your needs, it may be difficult to find appropriately skilled applicants to meet your staffing requirements. This may mean that following the top-down development model may cause risky delays in your goal of protecting and securing the IT infrastructure needed to remain competitive. The job market in IT is especially competitive. This is just one reason we are suggesting that you consider setting aside the top-down build-out model and take a different approach.

Another reason that the top-down model may be problematic, especially for small- to medium-sized businesses, is that it may be a little too “perfect.” When resources for IT staffing are limited, creating the IT department that covers everything can be unrealistic. Creating this traditional model takes time and resources to make sure you have the IT support that possesses all the diverse skills needed to meet the many requirements of a sound IT infrastructure. As a result, this model may not truly meet the immediate/urgent needs of a developing or transforming organization. As ever, the perfect may be the enemy of the good.

So how does a firm looking to strengthen its IT infrastructure and protect itself from vulnerabilities–from cyber attack to single point of failure– protect itself? Lack of available applicants and limits make traditional build outs unrealistic. And will also take too long to address urgent needs.

In our next blog post we discuss a value based approach

/by

Risk assessment: A Value model

Risk assessment means looking at all the conditions, situations and threats that exist that could damage or bring down your business. Risk assessment is all about identifying the external and internal threats that exist and measuring the likely consequences if that threat becomes reality. A data security risk assessment would identify what data you have, how you use it, how confidential it may be, how it is affected by regulations and the ways it could be compromised. A major focus of a data security assessment is cybercrime.

In terms of developing an IT staff, the alternative approach to building out a team is to determine your IT staffing needs in terms of risk assessment. That means evaluating risk and directing staffing resources to those areas where the risk is greatest and the consequences most severe. Basically, it is an evaluation on the ROI of your IT staffing in light of identified risk. In particular, what is the return on your risk management investment? The goal is to evaluate risk in light of business and operational consequences. Put simply, which point of failure leads to the most destructive consequences. Once that is determined your limited IT resources can be directed at those most critical areas.

In the short term, you can try to find the specific applicants that have what you need to plug the holes. Is that workable given the challenges to hiring? The market is very competitive.

The alternative is an MSP. Using a Managed Service provider for at least some of your most critical needs can be a very effective way of targeting your IT resources to where you are most vulnerable.

You have more freedom to move resources to where they are most needed.

Opting for an in-house IT team limits you in terms of scalability. You cannot just add or reduce the strength of your IT team anytime. Choosing a managed services provider, however, provides the flexibility to scale up or scale down your IT investment to suit your business needs.

You are better prepared for IT emergencies

Having a service contract with an MSP helps you tackle IT emergencies better because you get access to top-level IT expertise. An MSP’s core business is IT so they are naturally more knowledgeable and up-to-date when it comes to the latest IT challenges, including cybercrime. Plus, an MSP can deploy more resources if need be to solve your IT emergency, helping your business get back on its feet sooner.

You will be ahead of the curve

The IT industry is constantly evolving. The in-house IT team may find it challenging to keep up with the latest trends and norms of the IT industry as they will be caught up in managing the day-to-day IT activities at your office. Also, IT is a very broad field, and only a diverse IT team has the depth to cover all of the different areas. With an MSP, you don’t have to worry about how technology is changing. A good MSP will not only be up-to-date with the latest in tech but also advise you on what tech changes you need to make to stay ahead of the curve.

The lesson for hiring IT is that you should focus resources, be they in-house or external, on the areas where your business is at highest risk from a single point of failure or a cyber attack. Not all IT needs are equal, and traditional models don’t always recognize this. A Managed Service Provider can also assist you in determining a hierarchy of your IT needs.

/by

Forego the standard IT staffing model?

From the outset, even the smallest start-up is reliant on an IT infrastructure. Digital technology cannot be avoided. For small-to medium-sized businesses, developing and bringing on staff to support that IT infrastructure is often a low priority compared to ramping up operations and meeting the revenues goals necessary to stay operational. Resources to address IT needs may not be available (for at least, perceived to be unavailable) Management is focussed on revenue growth and meeting operational and business requirements. Management may also be incentivized to direct available funds in these directions, rather than building out a robust and sufficiently risk averse IT infrastructure. Also, management may not have the background that provides sufficient experience to identify areas where IT staffing is necessary to maintain a stable and sustainable business.

In a small- to medium-sized business beginning to explore the development of an IT support staff, or even in a large organization undergoing significant transformation, there may be a tendency to begin the process of IT staffing with a top level individual–a CTO, IT director or IT manager. Once hired, that individual would be relied on to begin the process of building out an IT staff.

Problems facing organizations: initiating an IT staff build-out

For any organization, from a small firm looking to bring on its first dedicated IT staffer to a large organization, there are a number of hurdles that may be encountered. One of the most immediate is the shortage of available IT professionals. No matter what your needs, it may be difficult to find appropriately skilled applicants to meet your staffing requirements. This may mean that following the top-down development model may cause risky delays in your goal of protecting and securing the IT infrastructure needed to remain competitive. The job market in IT is especially competitive. This is just one reason we are suggesting that you consider setting aside the top-down build-out model and take a different approach.

Another reason that the top-down model may be problematic, especially for small- to medium-sized businesses, is that it may be a little too “perfect.” When resources for IT staffing are limited, creating the IT department that covers everything can be unrealistic. Creating this traditional model takes time and resources to make sure you have the IT support that possesses all the diverse skills needed to meet the many requirements of a sound IT infrastructure. As a result, this model may not truly meet the immediate/urgent needs of a developing or transforming organization. As ever, the perfect may be the enemy of the good.

So how does a firm looking to strengthen its IT infrastructure and protect itself from vulnerabilities–from cyber attack to single point of failure– protect itself? Lack of available applicants and limits make traditional build outs unrealistic. And will also take too long to address urgent needs.

In our next blog post we discuss a value based approach

/by