CIO - Superstorm Sandy, the Fukushima Daiichi nuclear plant near-meltdown and ongoing regional natural disasters such as Typhoon Haiyan all wreak havoc with the capability of many affected companies - thousands, if not more - to continue business operations.
We define business risk as any event or activity that threatens the capability of a company to concentrate on its primary goal of generating revenue. There's also business risk from unexpected or unbudgeted costs to a company owing to improper management or monitoring of the software running in an enterprise. Do you recognize that there may be significant business risks to your company lurking in your IT operations, even as you take the time to read this article?
Business risk is what organizations continually work to mitigate via disaster recovery or business continuity plans - and rightfully so. But a company may also be exposed to elevated business risks owing to two frequently overlooked issues: Software asset management (SAM) and software license management (SLM). Let's take a look at the how your organization can mitigate business risk using SAM and SLM.