Managing risk in IT companies

Working in a modern IT field and putting out products that need to meet both the client’s need and international regulations can be challenging to all the best managers in the world. There is something particular about the modern age and our demand for keeping up the best quality possible while ensuring everything gets to the client quickly and is still safe to use. Best practices regarding quality and security that should be introduced to your company as soon as possible are all integrated within many ISO regulations and standards. The one thing they all have in common? Proper risk management.

Why is risk management so important?

Identifying, assessing and then taking steps to reduce risks is a common ground for all international regulations regarding quality and security management in an IT company. Organisations use risk assessment, which is the first step in any Risk Management System, to determine the extent of potential threats to their integrity, as well as to find their vulnerabilities and weak points throughout the many company practices and strategies. From that point on they can then find solutions and incorporate them into their everyday work to ensure that the risks are eliminated and constantly revised in order to make sure none of them are missed due to negligence.

How to ensure proper risk management?

Knowing that there are risks surrounding quality management and security of information and data is the first step in gaining control over your company and its success. However, doing so blindfolded is not the greatest idea of all as it is far from sustainable. Instead of doing what you think is right, try checking your practices through a proper Risk Management System that is based on ISO regulations and provides the best solutions for all your problems. As all companies deal with slightly different risks, your risk management system must be able to adapt to your unique needs and requirements and still help you gain control over your risks and safety.

What are the most important documents that will help you with your risk management and should be definitely a part of your Risk Management System? The GDPR (General Data Protection Regulation), ISMS (ISO 27001 – Information Security Management System), EMS (ISO 14001 – Environmental Management System) and QMS (ISO 9001, ISO 13485 – Quality Management System) are amongst the most important regulations in the IT market right now and they are sure to get even more important as the threats from cyber-attacks never fade and seem to get stronger.