All businesses–regardless of size–have a digital presence. This mandates that both mundane and mission critical data must be regularly backed up and ready for recovery at the drop of a hat. Whether it is managed in-house or outsourced, business owners and financial managers don’t always know what data is backed up, how often it’s backed up, where it is stored or how long it will take to recover when disaster strikes.
Smart business owners know that improving their computer systems keeps them competitive. These changes are often undertaken to improve efficiency, reduce costs and increase revenue. While it’s unlikely that management will perform the actual processes, it is helpful for them to understand their choices.
A board presentation about technology can strike fear in the hearts of many a C-level executive. Fortunately there are steps that can be taken to not only meet the board’s needs and expectations but win their lasting support and respect. Given the importance of technology to overall business strategy, as both enabler and growth driver, technology discussions make regular appearances on board agendas.
How do you know if your IT staff or technology service provider is right for your business? Do they really understand the fundamentals? Are they following best practices?
As a small-business owner or manager, you may think your company is too small to be concerned about data breaches and data risk management. If so, you aren’t alone. Sixty-eight percent of business owners surveyed in 2017 by the HR firm Paychex reported that they are not concerned about cyber threats. And to the extent they are concerned, they assume others will feel the pain.
