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As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. We now are paying much more attention to it,” he says.
The consequences of poor management can range from interruption of business operations and loss of critical information, to financial losses derived from the effects on the company’s reputation. The importance of good planning This work prior to any debacle is essential when it comes to managing it with greater success.
Implication: change management, goal changes, departmental funding changes. in larger organizations) are specialized around applications, servers, networking, backup, etc. However, in the future many of these functions will either become more automated and/or combine with (be embedded within) other service management functions.
As businesses digitally transform, technology is increasingly integrated into every activity, and the CIO is becoming more of a catalyst for data-driven value creation through analytics, new AI model training, software development, automation, vendor engagement, and more.
To prepare themselves for that eventuality, enterprises should have a backup plan that allows them to continue to operate without that particular vendor. And a kill switch is more than just the technical ability to switch vendors without rebuilding an entire solution, says Nick Kramer, VP for applied solutions at SSA & Company. “But
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