Risk Management is the Most Essential Job in a Software Firm
With the developing of innovative technology, India has transformed from a backward country to a technology oriented country with emerging industries, elevating the growth in the economy. Technology has created its own path in the lives of all the individuals, may it be in any form, which focuses on easing their jobs or entertain them.
India has become technically well equipped with en number of software firms being opened in not only metropolitan cities but even in most of the key cities, employing hundreds to thousands of IT professionals. These IT firms have employed many individuals may it be to create, to operate or to support in the operation, for the smooth functioning of software organizations. Professionals create innovations for their clients and fabricate a standard for themselves in the industry, as well as in the market, by producing best of the technical products benefitting their clients, and amusing their end users with all the possible attributes developed in those products, which increases the demand for them in the market due to its functionality and varied amazing features, that enable the consumer to accomplish most of their jobs along with getting entertained. While designing and developing software based products many glitches can arise, since it is a technically developed machine. These issues or glitches can create a lot of risks in the total functionality of the product. Risks can hinder in the execution or in the development procedures of the product. The professionals dealing with risk management need to be very attentive to such rising problems, to help in the proper proceedings of the creation of the product.
It is very easy for any software organization to get attracted to various computer related risks for which they have to be prepared well in advance, with the available tools and products in the market to protect them from being attacked and causing hindrance in the proper functioning of the product. For the appropriate managing of the security risks associated with their information technology assets professionals must be well trained to face it and solve it within a short span so that professionals could resume back to developing the product. Various risks like, fire in the office has burnt files and melted computer and a report is circulated saying server is down because of the water rushing from the ceiling or machines containing sensitive data are hijacked via network, so the execution of certain work has to be stalled for time being etc can create a lot of problem to an software firm. The objective of listing down the risks that can pop up is to know that, How prepared is the organization to face these risks and respond appropriately? Managing these risks effectively is an essential task for the organization and its various departments to benefit the organization for effective functioning.
Shilpika Ponnappa,
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