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Compliance & Regulation

In IT, compliance is a set of digital security requirements and practices. Following compliance requirements is a way to ensure that a comp any’s business processes are secure and that sensitive data (including customers’ data) won’t be accessed by unauthorized parties.

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Risk Management

As your company embraces its digital transformation strategy, you’re increasing your reliance on cloud services providers (CSPs). With more vendors accessing your information, you increase the complexity of your enterprise risk management program. A compromised vendor doesn’t even need to be a company with whom you do business.

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Cost Optimization

To maximize cost savings, IT leaders should pursue cost optimization through both function-specific and enterprise-wide programs. Cost optimization is a business-focused, continuous discipline intended to maximize business value while reducing costs.

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Compliance & Regulation

The cost of non-compliance can be very high. It depends on the framework, violation, and other factors. Let’s take GDPR as an example. For severe violations, a fine reaches up to 20 million pounds or up to 4% of the violator’s total global turnover, whichever is higher.

To be compliant, you have to implement appropriate security measures to protect your data from unauthorized access, exposure, cyberattacks, and other threats. By implementing strong IT security practices, you do not only comply with laws but protect your business from the negative consequences of data breaches, as well. Besides, being compliant is a good way to improve trust between your business and your customers.

IT Risk Management

Information risk is a calculation based on the likelihood that an unauthorized user will negatively impact the confidentiality, integrity, and availability of data that you collect, transmit, or store. More specifically, you need to review all data assets to ensure:

  • Confidentiality: Establish and enforce appropriate authorization controls so that only users who need access have access
  • Integrity: Establish and enforce controls that prevent changing information without data owner permission
  • Availability: Establish and enforce controls that prevent systems, networks, and software from being out of service
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IT Cost Optimization

How important is cost optimization in IT? Is it synonymous with resource optimization? Is it a one-off, budget crunching exercise to meet the numbers? Or a continuous, defined, and implemented set of processes designed to wring the last bit of value out of every corporate dollar? Does it take into consideration future growth, trends, and business needs or focus on bringing the current budget in line with projections?

There are lots of different views out there and a million different angles to tackle them, so let’s start by clarifying what it means, according to Gartner:

Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction while maximizing business value.

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