RISK MANAGEMENT BLOG

3 Steps You Must Take TODAY to Reduce Your Software Risks

Kit Merker has been in technical and management roles for over a decade, doing everything from project management, coding, design, testing, and running a service. He currently works at Microsoft as a Developer Evangelist. Kit Merker has a blog dedicated to preparing for software disasters. Be sure to follow Kit on Twitter after reading his guest blog post below! 

These are times of economic uncertainty for many businesses, and the very idea of spending much-needed funds on something that might happen may seem like suicide. According to CIO.com,  business continuity & disaster recovery is NOT a top priority for CIO's.
 

It's a normal human tendency to stay optimistic and believe that you are immune from disaster. We say, "that'll happen to other people, I'll hope for the best and focus on my day-to-day activities."

But, as I say probably too frequently, hope is not a strategy.

Imagine if a disaster hit and you sustained serious downtime, got hacked, or lost data your customers needed. The results would be disastrous for your reputation and could mean the end of your business. You'd be kicking yourself for not preparing.

But just like a teenager learning to drive, sometimes getting in an accident helps you learn to operate more safely. The good news is that there are practical things you can do to reduce your risks of software disaster.
Topics: ClearRisk kit merker software risk risk management planning risk mitigation risk risk management risk management blog Risk Management Software IT risk management technical risk business continuity planning Managing Risk business continuity software disaster risk preventative measures software risk management software vulnerability

4 Types of Data Analysis for Risk Managers

Over the past few weeks we've been covering topics such as "6 Reasons Data is Key for Risk Management", "Why All Risk Managers Should Use Data Analytics", and "Data Analysis Steps for Risk Managers". Data has been deemed today's most valuable asset: the "oil of the digital era". Now, let’s delve into some types of analysis that may be particularly helpful for your organization or risk team. 

Topics: risk management data analysis data analysis risk management

8 Reasons Your Organization Should Enable Paperless Risk Management

Are you spending too much time performing repetitive tasks or searching for documents? Tired of limits on your ability to report to your boss, help your customers, and collaborate with your coworkers? Do you think a change could decrease your organization’s losses?

A paperless system might be exactly what you need to increase profit, reduce labour, help the environment, and change the way you manage risk from reactive to proactive. Here are just some of the advantages that going paperless with ClearRisk can bring to your organization.

Topics: risk management Risk Management Software paperless paperless office risk management online going paperless

6 Reasons Data Is Key for Risk Management

An average organization only uses 50% of their available data for decision-making. This is significant when you consider 70% of late adopters base their decisions on gut feeling or experience, while 60% of best-in-class companies use data analytics when making decisions.

Data is powerful when used to its full capability; by using all available data, an organization can establish a clear competitive advantage. Storing and regularly accessing relevant information will allow your organization to save time and money while drastically improving decision quality. Below are some of the key benefits that data utilization can have on your organization.

Topics: risk management data management internal data importance of data

Top 10 Retail Risk Management Tips [Updated for 2018]

Today’s risk management landscape for any industry is complex and vast. New regulatory measures come into effect each year, new products hit the market, and new distribution channels are developed.

In an industry such as retail, risk managers have the added complexity of risks related to the consumer. This adds yet another dimension to an organization’s risk portfolio, making it difficult to present only ten tips for retailers to mitigate risk. But as any risk manager would prioritize their organization's risks, here is a prioritized list of procedures to try: 

Topics: Retail ERM Claims and Risk Management for Retail Retail Risks risk management retail risk management Retail Risk Retail Claims Management

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