What technology really is
Technology is more than the hardware and software we usually call IT. It is knowledge, people and systems working in unison to:
- Enrich and improve the lives of people
- Improve business productivity
- Improve business efficiency
- Improve safety at home and at work
- Mitigate risks
Five questions
If you cannot answer the following questions, the technology you rely on may be putting your business at risk:
- How do you keep track of the technology in your business?
- Do you understand the technology stack behind each system?
- How do you know which technology is actively putting your business at risk, and how big that risk is?
- How do you decide when it is the right time to reinvest, and where?
- How do you communicate that risk to investors and senior management?
We answer each of these on the FAQ page, and the assessment answers them for your plant specifically.
Why it matters
There is a direct link between how well a business manages its technology and how competitive and efficient it is. A furnace control system on an unsupported operating system, a spreadsheet that only one person understands, a PLC whose programming tool no longer runs: each is a cheap fix today and a plant stoppage tomorrow.
What the assessment does
Our Technology Risk Assessment Framework objectively identifies and quantifies those risks and turns them into a reinvestment plan you can present to management and investors. Every system is scored on the technology behind it, the skills that keep it running and the impact on the business if it fails, so the plan starts with what will hurt most.