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Implement redundant systems: Establishing redundant systems and data backups is essential for maintaining continuity. Safeguard contracts: Include clauses in vendor contracts that address service-level agreements (SLAs), response times, and penalties for prolonged outages.
He recommends expanding EA to map not only a business’ technology assets but all its processes that rely on vendors as well as part-time and contract workers who may become unavailable due to pandemics, sanctions, natural disasters, or other disruptions. . Planning for supply chain disruption.
This is where Saurabh Mittal, CTO at Mumbai-based Piramal Capital & Housing Finance, wants IT leaders to make a careful distinction. To conserve capital, IT leaders will have to increasingly bank on them in the new year. What is our backup strategy? Are we on the right cloud platform? What storage do we have?’
Last month, TechCrunch reported that TuSimple hired investment bank Morgan Stanley to help it raise an additional $250 million from investors. Lu said the company is aiming to begin production in 2024, at which point he anticipates being able to remove those backup drivers.
The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. How can you address the skills gap if you can’t afford to hire a bunch of new employees? I can’t tell you how many times I’ve heard business leaders dismiss cybersecurity threats because “they’re too small to be a target.”.
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