Critical Issue – £6.2bn in Spending Cuts

You are probably aware by now that the UK Chancellor, George Osborne, has outlined plans for £6.2bn in spending cuts. Of the £6.2bn of cuts identified, £95m will be through savings in IT spending and £1.7bn through delaying/stopping contracts and projects and renegotiating with suppliers.

What impact will this have on your organisation and how do you mitigate any risks?

The impact of these cuts will vary, depending on your industry/sector and who your customers are. If you are a public sector organisation, you will be hit harder than privately owned firms. You will face a recruitment freeze, you will find that all non-essential projects will be shelved, you will be under pressure to bring in essential projects on a reduced budget and with fewer resources and, more importantly, you will be expected to achieve the same high standards that the end customer has become so used to receiving.

For private sector organisations, the impact of these cuts may be less obvious initially. However, as public sector funding diminishes, it will become more difficult to win new contracts with public sector organisations, any current contracts will be under increased scrutiny and will, more than likely, depreciate in value, come renewal time, you will be offered far less favourable terms, assuming it’s renewed at all.

To overcome these challenges you will need to find efficiencies, wherever possible, in all areas of your business. There will be tough decisions to make, and not everyone will want to get on board. However, if you don’t respond to these impending cuts, right now, you can bet your bottom dollar that your competitors will do, and they will be ready to take advantage of any opportunity to take business away from you – it will be, quite simply, survival of the fittest.

Where do we start with efficiency savings?

IT Governance and Information Security Frameworks ensure that your investment and running costs are targeted precisely at where the business needs them most – so, investing in developing one of these frameworks should:

  1. reduce direct costs;
  2. improve efficiency;
  3. improve competitiveness by improving service delivery to customers; and
  4. improve competitiveness by demonstrating to customers that you have robust processes in place for managing information security, IT governance and continuity risks, such that they can rely on your continued ability to meet your delivery obligations.

 

  • Implement an appropriate IT governance frameworkIT governance is “a framework for the leadership, organisational structures and business processes, standards and compliance to these standards, which ensure that the organisation’s IT supports and enables the achievement of its strategies and objectives.”
    For this week only (until Monday 31st May), you can get a free book IT Governance: Implementing Frameworks and Standards for the Corporate Governance of IT when you purchase the The IT Governance Framework – Toolkit.
  • Implement an effective information security management systemThe benefit of adopting an externally certifiable Information Security Management System are clear:
    • The directors of the organisation will be able to demonstrate that they are complying with the requirements of the Turnbull Guidance and/or complying with current international best practice in risk management with regards to information assets and security.
    • The organisation will be able to demonstrate, in the context of the array of data protection, privacy, computer misuse and anti-spam legislation, that it has taken appropriate action to comply with the laws.
    • The organisation will be able to systematically protect itself from the dangers and potential costs of cyber attack, computer misuse, cybercrime and the impacts of cyberwar.
    • The organisation will be able to improve its credibility with staff, customers and partner organisations, this can have direct financial benefits through, for instance, improved sales.
    • The organisation will be able to make informed, practical decisions about what security technologies and solutions to deploy and, thus, to increase the value for money it gets from information security, to manage and control the costs of information security and to measure and improve its return on its information security investment.
    Our Extra Value No 3 ISO27001 Comprehensive ISMS Toolkit Offer, which is available until midnight on Monday (31st May 2010), provides a cost effective route to procuring all the necessary tools and guidance that will allow you to prepare for ISO27001 certification. It includes an additional set of free resources to help kick-start your information security awareness programme – which is a key part of achieving ISO27001 certification.
  • Ensure you are prepared and can deal with any eventuality with an appropriate business continuity management system
    • BS25999, the Business Continuity Standard, is of real importance to everyone from Board directors, corporate executives and IT managers through to facilities managers and business continuity professionals. Service disruptions, delays in responding to customer requests, inability to process transactions in a timely manner, or being unable to resume business in the face of a disaster can all have significant impacts on an organisation’s effective operation. Recent natural disasters, as well as terrorist activities, have shown that an organisation’s resilience to a disaster and its being able to resume business quickly and efficiently were directly related to its preparedness to respond to unforeseen events.
    • In the UK, the NHS has determined that BS25999 certification is a key way for NHS entities to demonstrate that they adequately resilient, and UK local authorities have recognised the BS25999 certification is the best method possible for demonstrating they are meeting their obligations under the Civil Contingencies Act. Internationally, organisations in both the public and private sectors are pursuing BS25999 certification in order to demonstrate to stakeholders and customers that they have adequate business resilience arrangements in place.
    Purchase the BS25999 BCMS Implementation Toolkit & Manager’s Guide before midnight on Monday (31st May 2010), and we’ll send you a free book: Disaster Recovery and Business Continuity, Second Edition (soft cover).This BS25999 BCMS Implementation Toolkit contains document templates, tools and references that enable you to quickly and efficiently produce your own tailored versions of all the essential documents within a BCMS.

How your organisation faces the impending challenges (as outlined above) will vary. Whatever solutions you decide to use, they will need to be cost effective, aimed at providing your organisation with the efficiency savings you will need in order to survive and, most importantly, they must be fit for purpose.

All three toolkits outlined above have been proven, many times over, by organisations across the globe, to be fit for purpose and to deliver the outcomes required by each organisation. Competitively priced, each toolkit offers value for money and the ability for your organisation to save time and avoid costly trial and error dead ends. Plus for this week only there are some fantastic added value resources which will help you to accelerate your projects and achieve compliance and/or certification sooner, rather than later.

Channel ALL your spending on IT training, products and services through a SINGLE SOURCE to enjoy the direct procurement savings that such a decision could have. Speak to one of our account managers today.

Tel: 0845 0701750 or email servicecentre@itgovernance.co.uk.

Share
  •  
  •  
  •  
  •  
  •  
  •  

Trackbacks

Share your thoughts