Recent blog posts - Machado Consulting's News You Can Use | Worcester, Massachusetts | Machado Consulting

Login

Machado Consulting's News You Can Use

Welcome to our blog where you can find everything from tech-tips to keeping your data secure. Have any questions? We'd love to hear from you!

Businesses Always Battle Risk

Businesses Always Battle Risk

The way that an organization handles risk can make or break the company. 

Discovery

Say you run a retail business. When you have a surplus of one product and you are having problems getting rid of it, you put it on sale, right? The risk of having too much of one item is a simple one to manage. Not everything is that simple. That’s why many businesses put together a committee of department representatives who discuss organizational shortcomings to help identify risks. In IT, risk largely results in downtime and data loss. These two factors are clearly defined, and therefore, can be tested for. How does any organization work to reduce or eliminate downtime and data loss? What practices or procedures could the organization put in place to mitigate the risk of suffering from those effects?

Analysis
Start by singling out every system you have discovered that presents your business with some semblance of risk. Now, take the time to consider how each could be taken advantage of. Define what practical solutions are available to keep the individual systems from exposing the organization to more risk, and then, once you’ve identified all your potential weaknesses, begin the process of planning a strategy.

By analyzing the most critical possibilities first, and then running tests on corresponding systems to see what the potential damage could be if the risks are not reduced, you will get a good idea of what kind of capital outlay it is going to take, in products, services, and manpower, to keep risks from sinking your endeavor.

Set priorities in your risk analysis. Look at your assessment of risk, the potential cost of mitigating that risk, and the possible effect risks could have if they aren’t addressed. The ones that could cause the most problems for the most important systems get priority.

Controls
One you are finished inventorying your organization’s risk factors and assigning priority, you have to begin placing controls in these systems to mitigate the risk of systemic failure. In this case, controls are typically policies or tools that allow for the management of risk. Many times, if it is a problem for your organization, it is a problem for another business, and they may have some documentation or some advice on how they went about implementing a solution to the problem. Additionally, organizations like the National Institute of Standards and Technology (NIST) will have a suggested (and often tested) framework available to help you find, and deploy a solution to your problem.

Monitoring and Reporting
Once your controls are in place and functioning effectively, your organization will want to closely monitor them. Monitoring will allow you to get a good idea of how effective your controls are at patching your operational problems and mitigating risk. Fixes can be simple or convoluted and difficult, but ultimately by keeping a close eye on your changes, you’ll at the very least, be able to get a picture of what the true cost of any problem’s solution is costing your company.

Another benefit of monitoring is that it provides you the perspective you need to properly report your organization’s attempts at risk mitigation. These reports will allow organizational decision makers the critical information they need to make important determinations about risk management attempts and can be a crucial element if your organization manages data that fall under regulatory mandates.

By being steadfast in your risk mitigation efforts, thoroughly monitoring them, and building comprehensive reports you will make some major inroads in the way that your business handles risk. Reducing risk promotes a culture of success. If you are looking to learn more about risk mitigation, management, and practices used to create a more efficient and secure business, call the IT professionals at Machado Consulting today at (508) 453-4700.

Continue reading
0 Comments

Tip of the Week: Preparing For a Successful Upgrade

Tip of the Week: Preparing For a Successful Upgrade

A business’ IT solutions aren’t the kind of thing that you can worry about once and never touch again - this is why manufacturers and developers are always sending out upgrades. However, you also need to have a strategy ready before you go to implement these upgrades. For this week’s tip, we’ll review how to put this strategy together.

Continue reading
0 Comments

If You’re Struggling Due to Cash Flow, You Aren’t Alone

If You’re Struggling Due to Cash Flow, You Aren’t Alone

Between you and me, how is your business doing financially? If you answered with something along the lines of “not great,” you are certainly not alone. Cash flow is an issue for businesses all around the world, says a recent report from Intuit.

Continue reading
0 Comments

Tip of the Week: Android Pie Tips and Tricks

Tip of the Week: Android Pie Tips and Tricks

There are over two billion active devices currently using Android. Most of them that have been purchased in the past year or so have come with, or have been subsequently updated to, Android 9.0 Pie. With the introduction of their newest mobile OS, Google has ensured that their software powers more mobile phones than any other software in the world. Today, we’ll take a look at some handy tips you can use to get the most out of your Android Pie experience.

Continue reading
0 Comments

Windows 7 Support Available, For a Price

Windows 7 Support Available, For a Price

Microsoft is coming to the end of its support for the wildly popular Windows 7 operating system, but that doesn’t mean that they won’t make a contingency plan for those organizations that haven’t yet made the jump to new systems. It just won’t be cheap. We’ll break down the upcoming Windows 7 end of life event, and how Microsoft is offering an olive branch of sorts to organizations that simply haven’t upgraded away from this OS.

Continue reading
0 Comments

Search Blog

Subscribe to Our Blog