In business risk management, risk-reward is a concept known by many, but understood by rather fewer. Starting from the basic idea of comparing risks taken with reward gained, the risk-reward concept is that greater rewards may be accompanied by greater risks.
By providing a proven procurement route, GCloud 8 reduces the cost of service implementation and increases time to value from investment in software solutions.
Crown Commercial Supplier
4C Strategies are pleased to announce our approval as a Crown Commercial Supplier under the UK Government’s Digital Marketplace Framework – GCloud 8. Under Software as a Service Lot 3 of the framework, 4C Strategies will provide our Exonaut™ software as a service in support of Risk Management, Incident and Crisis Management and Mobile Inspections (Audit and Compliance).
GCloud 8 provides an assured framework across the Public Sector where buyers can procure directly from suppliers reducing procurement timescales and lengthy tendering processes. Last year, over £1bn was spent by the UK Government through the Digital Marketplace with over 50% of the contracts being placed with SMEs.
A trusted supplier across the Public Sector
With spending set to increase this year, inclusion on frameworks such as GCloud 8 support 4C Strategies in our goal to be recognised as a trusted supplier across the Public Sector. By providing both existing and new customers with a proven procurement route, GCloud 8 reduces the cost of service implementation and increases time to value from investment in software solutions.
“We are delighted to be accepted onto the Framework as Crown Commercial Supplier within a well- established Government procurement framework” said Peter Munksgaard, Managing Director of 4C Strategies UKI. “As an SME, we see this as an essential step in continuing to deliver a wide range of services across the Public Sector.”
About 4C Strategies
4C Strategies is a solutions-oriented company, providing consultancy services and in-house software for improved risk, business continuity and crisis management. The company already has a large international client base, including public sector organisations such as the British Army, London Fire Brigade, The Emergency Planning College and NATO. 4C Strategies launched in 2000, quickly establishing itself as a successful global brand, and is now recognised as one of the most innovative providers of risk management solutions
This weekend, a historic flash-flooding event killed two people and caused massive destruction in Ellicott City, Maryland. The town received more than 6 inches of rain over the span of two hours. According to the National Weather Service, an event like this should statistically happen only once every 1,000 years, based on historical data.
But because of climate change, extreme events like this one are happening more frequently, and scientists expect that trend to continue into the future. Our past experiences with floods are no longer a reliable indicator of our present or future risk.
The same is true for other types of natural disasters, too. As the Federal Emergency Management Agency (FEMA) has noted, “the challenges posed by climate change, such as more intense storms, frequent heavy precipitation, heat waves, drought, extreme flooding, and higher sea levels, could significantly alter the types and magnitudes of hazards impacting states in the future.”
As a result, if you want to win big, then be prepared to take and manage considerable risks. The confusion sets in when higher risk is assumed to generate higher probabilities of reward.
In other words, organisations assume that simply because they are taking a bigger risk, they should automatically stand to gain a greater reward. Some organisations, however, are better positioned to deal with this confusion than others.
From laptops thrown in the river to hard drives that have been damaged in an attempt to destroy any evidence of wrongdoing, Kroll Ontrack’s engineers and consultants have successfully assisted hundreds of law enforcement and government agencies, law firms and corporations to recover evidential data that was pivotal for their case.
Computer forensics is the science behind the investigation of computer media while data recovery is the technique used for the retrieval of data from a damaged media. For a comprehensive investigation to be carried out, both capabilities will have to be used in most cases. Data recovery techniques will be used to retrieve critical data from the target media and then forensic methodologies will be applied to analyse the data most critical to the case.
In many instances the media at the centre of an investigation, either as the tool used to commit a crime or a repository of evidence of a crime, might be damaged or unreadable due to reasons such as intentional damage, technical failure, fire or water among many others.