Year-End IT Planning

Year-End IT PlanningAs we move into the last quarter of the year, it’s time for the annual review and realignment of your IT planning and strategy. Of course, you have actively been implementing your IT roadmap throughout the year, but a year-end IT planning and review is an opportunity to evaluate its effectiveness and update it for the upcoming year. Here are some things to keep in mind as you plan for the end of the year.

Year-End IT Planning and the IT Road Map

An IT roadmap is a strategic plan that outlines how your business will use technology to achieve its goals. A well-planned roadmap can help your business scale, improve ROI, reduce risk, and increase productivity.

Utilizing an IT roadmap ensures that your IT investments drive value and growth. In addition, a comprehensive plan can help identify areas of your organization’s IT infrastructure that need improvement and prioritize addressing them.

As with any plan, a strategic IT roadmap is only effective if you use it. A high-level annual review offers an opportunity to evaluate successful goal completion, realign with business goals, re-examine key initiatives, acknowledge and implement a plan for gaps, and provide valuable data for setting future KPIs.

What Should a Year-End Review Encompass?

As with other company activities, the year-end technology review reflects what you put into it. So don’t regard it as a meaningless exercise; instead, see it as an opportunity to get valuable information about your company. While results vary from firm to firm, there are certain aspects that all year-end reviews have in common.

1. Review the Current Technology Roadmap

Appraise the initiatives, tactics, and timelines of the current IT strategic plan to evaluate successful completion and future updates.

Reassess the technology of the organization, including:

  • Cybersecurity practices and policies
  • Technology infrastructure
  • Cloud storage and applications
  • Processes and data governance
  • Due diligence, compliance requirements, and risk management

2. Review Business Goals

The review process should also start with refreshing yourself with your company’s mission, vision, and values. Then, this is an opportunity to assess business functions and realign with these foundational pillars.

Of course, a review would not be complete without the inclusion of the business goals for the year you are looking back over. These business objectives can help you formulate a list of questions that can be answered through your review.

Review current business objectives, initiatives, and IT needs across the organization to determine IT initiatives. SWOT analysis can help identify gaps in IT needs across the organization. Key elements to include in the plan include proactive cybersecurity, compliance requirements, business drivers, expected growth, risk management, and identifying opportunities.

3. Assess Key Performance Indicators and Results

Determining success by reviewing metrics is key to establishing the effectiveness of any plan, and an IT roadmap is no exception. Beyond assessing whether goals were completed, there’s also plenty of insight to be gleaned from evaluating the objectives you did not reach. Undergoing this exercise is where the work of developing next year’s IT roadmap through identifying gaps and deficiencies, goals out of alignment, and new technology needs begins.

4. Putting IT All Together for Next Year

The outcome of this exercise is to use these findings from this strategic year-end IT planning process to set initiatives and develop strategic goals for your organization for the upcoming year.

Additionally, business leaders should look externally and evaluate business drivers and market forces, apply competitive research, and assess technology disruptors when determining upcoming IT priorities and business goals to include in next year’s plan.


Download our e-book Paving the Road to Success with Strategic IT Planning to learn more about how developing and implementing an IT roadmap can steer your firm towards success.


Chris Messer, Chief Technology Officer at Coretelligent, HeadshotAbout Chris

As Chief Technology Officer at Coretelligent, Chris Messer is a transformational and strategic IT leader who establishes and leads Coretelligent’s technical vision and technological development. Click here to learn more about Chris.

Person pointing to visualizations and mobile app development to the right of text The Importance of Digital Transformation in Business

Person pointing to visualizations and mobile app development to illustrate the importance of digital transformation in businessThe way we interact with technology has undergone a permanent change.

Customers now communicate virtually, make in-browser or in-app transactions, and manage accounts and sign-ups online without ever touching paper or interacting in person. Covid-19 accelerated how technology transformed business, amplifying the need for new digital processes, and our inevitable adoption of them.

The pandemic forced businesses to modify their workflow and service delivery to accommodate changes like remote work and the move away from brick-and-mortar establishments. Businesses needed to rapidly reevaluate their IT infrastructure and put mechanisms in place so they could continue to provide service and stay competitive while adapting to a changing world.

This disruption acted as a global case study for the vital need to embrace the importance of digital transformation in business. And it worked: according to Gartner’s Top Strategic Technology Trends 2023, “94% of CEOs want to maintain or accelerate pandemic-driven digital transformation.”

So, what is digital transformation?

Digital transformation is the strategic adoption and implementation of digital technology to enhance customer experience and drive success.

From the wheel to mobile phones, technology has always been a part of our lives. The switch to digital technology is the first step towards a digital transformation. At the most basic level, this means transitioning away from all things analog, a process referred to as digitization. A common example of digitization would be a company taking data from physical repositories, such as on-premise servers or physical paper files, and moving that data to the cloud.

Inherently, moving from analog to digital means adhering to new processes that are baked into the new platform, tool, or technology that is being used, adjusting how business is conducted to suit, and using these adjustments as opportunities for change—this is digitalization. Instead of accessing a physical file cabinet to find a document, digitalization requires you to access that same data from a cloud-based content management system and follow out-of-box steps to complete tasks such as secure file sharing. This can fundamentally change the way a business runs. For instance, the process above could be the first step towards a remote work transition.

But digitized data and digitalization are only as good as what you do with their potential. Transformation is critical to developing strategy that leverages the power of both in a way complementary to your business needs.

Getting Started with Digital Transformation

Digital transformation begins with evaluating how workflows, operations, and customer success can be served better using digital technology. Expertly crafted strategy is then developed to address challenges, optimize processes, and support goals as they shift and scale. Following development, integration, implementation, and deployment of required services, digital transformation experts can provide training and support to maintain enthusiastic user adoption.

Let’s consider our example scenario above. While the company may have gained better organization and collaboration upon digitizing their data, they may still be unsatisfied with their technology investment. An evaluation conducted by digital transformation experts might uncover that the company’s team continues to struggle with data entry errors and time-consuming reporting due to manually entering data from paper forms into spreadsheets. A digital transformation strategy could include identifying ways in which the company could leverage their current technology platforms to streamline processes to capture data more securely and effectively, automate reporting, and even provide on-demand visualizations in dashboards available on mobile devices.

Digital transformation experts are key to identifying roadblocks and building strategies to help businesses overcome hurdles. By developing strategy that incorporates how to leverage the key components of your technology environment, digital transformation strategists can identify how those technologies work with existing architecture and platforms to address needs, provide opportunities for growth and enhancement, and suggest ways to economize and generate revenue. Digital transformation also considers how both business users and customers will interact with and benefit from these enhancements to ensure that all parties utilize them.

Digital Transformation Services

Digital transformation encompasses many technologies and service types. As a digital transformation service provider, Coretelligent has identified the following solutions as the most significant and sought-after digital transformation services for our clients:

In addition to being game changing standalone services, the importance of digital transformation in business is best exemplified in the way these services can work together for an even more robust impact. These services are also highly complementary and able to provide robust value as total digital transformation solutions.

Here are some of the more common digital transformation solutions:

  • Mobile app development, including UI/UX services, application integration, data warehousing, analytics and visualizations, automation services, microservices, support services
  • Website redesign, including website development, UI/UX services, ecommerce, data management, API integration, maintenance, enhancement, and support services
  • Workflow automation, including end-to-end automation services, data quality, data analytics, visualizations, and compliant infrastructure

Coretelligent’s digital transformation experts can deliver the services you need to stay competitive and agile over the competition. Coretelligent will assist you in maximizing the potential of your digital transformation from development through support using a comprehensive build-and-operate approach. We will work with you to evaluate your business needs and challenges and develop a strategy that makes use of the best available technology and your existing IT infrastructure. After deployment, we’ll make sure your solution keeps working for you by providing the maintenance, improvements, and support you need. Learn how Coretelligent can help you recognize the importance of digital transformation for your business and help you gain a competitive edge with our CoreDTS solutions.

Four Tools to Evaluate and Improve Your Cybersecurity Posture

 

Cybersecurity ResourcesCybersecurity Awareness Month is recognized every October. Now in its 19th year, this month is a collaborative effort between Cybersecurity and Infrastructure Security Agency (CISA) and the National Cyber Security Alliance (NCSA) to ensure that individuals, organizations, and businesses have the cybersecurity tips and resources they need to be safe and secure online.

Cybersecurity headlines often focus on breaches or attacks, but this month highlights available resources and strategies to maintain security all year long and avoid the headlines.

To do our part and help raise awareness, Coretelligent has put together a list of various digital resources to utilize to better evaluate, understand, and improve your cybersecurity posture.

What Cybersecurity Resources Can You Utilize Today?

  1. Cybersecurity Checklist

    To help you appraise your cybersecurity readiness, the experts at Coretelligent have created a Cybersecurity Evaluation Checklist. This checklist is a jumping-off point to help your enterprise determine its ability to mitigate the risk of cyberattacks before it is too late.

    This checklist can help you identify initial cybersecurity successes and opportunities for growth in your existing security measures to help you develop an IT roadmap that minimizes risk while supporting growth.

  1. Risk Mitigation Case Study

    This risk mitigation case study looks at Coretelligent’s partnership with client Courier Express to establish a comprehensive cybersecurity solution and can help you better understand partnering with an MSP.

    As one of the largest courier companies in the nation, Courier Express has round-the-clock operations that rely on a continuous flow of transactional data. Understanding that cyberattacks pose a significant threat to their operations, Courier Express works with Coretelligent to mitigate those threats.

    This study illustrates how an MSP partnership can help you defend against cyber threats, elevate your IT game, and free up your in-house staff to focus on growth and innovation.

  2. Best Practices for Safeguarding Against Critical Cyberthreats

    Looking for ways to increase your cybersecurity posture today but not sure where to start? Watch this video to learn ways to protect yourself and your organization from cyber threats.

    In 2021, ransomware attacks increased by 105%, and the current geopolitical situation has led to an even higher level of risk for businesses of all sizes and across all industries. This heightened cyber threat landscape requires robust security solutions to protect against cyberattacks, data breaches, malware, ransomware, and other critical cyber threats. Learn more about what steps you can take today and how to stay proactive into the future.

  3. Multilayered Cybersecurity with Defense-in-Depth Video

    Maybe you already have some cybersecurity solutions but want to build more robust protection. That’s where defense-in-depth comes in. It is a system of continuous and overlapping security layers that range from simple controls to complex security tools. These layers are designed to create an interlocking barrier that is continuously monitoring and protecting your assets. With multilayered security, if one layer of defense is breached, there are additional layers in place to mitigate any exposure. This model is designed to handle sophisticated cyber-attacks and delivers a more robust cybersecurity solution that is necessary for today’s volatile cyber landscape.

    In watching this video, you’ll learn more about the goal of defense-in-depth and how it benefits your company. Creating multiple barriers slows down attackers and sends out intrusion alerts before significant damage is done. Multilayered cybersecurity will also satisfy many compliance standards for industries like financial services and life sciences.

Build a Balance of Business and Security

Balancing business initiatives with security and technology can seem challenging, but Coretelligent can help. After reviewing these resources, we encourage you to contact our cybersecurity experts. Protect your business and learn more about our enhanced managed cybersecurity services designed specifically for small-to-mid-sized companies. Reduce your risk from security incidents – contact us today for help responding to your cybersecurity gaps.

Looking for more cybersecurity tips? Check out our list of 7 Security Tips for Practicing Good Cyber Hygiene.

Cybersecurity and the Human Element

Businesses invest in many technologies to prevent cybercriminals from breaching their systems. By implementing firewalls, antivirus, and endpoint protection, organizations hope to put a barrier between an attacker and company data. These tools are very effective when implemented correctly, but there’s a catch. Cybercriminals often bypass perimeter security measures by focusing their efforts on one thing, humans.

That’s right; humans often play a critical role in data breaches. Attackers look for human errors to exploit or leverage social engineering tactics like phishing to obtain sensitive information and credentials. Once a cybercriminal possesses stolen credentials, they will look for ways to move laterally throughout your network.

Firms need to establish strong cybersecurity policies and provide user awareness training to minimize the human element. In fact, user training and awareness are so critical to cybersecurity that The Office of Compliance Inspections and Examinations (OCIE) identified them as key factors in its Cybersecurity and Resiliency Observations report.

Cybersecurity Policies

To prevent users from putting your business at risk, create robust cybersecurity policies that include:

Password Policies

Make sure your organization has password policies. Bad password habits make it easy for attackers to gain access to your systems. Two of the most common password problems are weak and reused passwords. Attackers often use automated systems to guess passwords. The weaker the password, the easier it is to guess. Require your users to have strong passwords that are long and complex.

Your policies should prohibit users from reusing passwords. Reusing passwords makes it easy for an attacker to gain access to multiple accounts. For example, let’s say a user has the same password for their online banking and business email. If their bank becomes breached, that attacker now has information to access an email account at your business. From here, the attacker could impersonate the user, sending malicious emails throughout the company.

Lastly, your organization should create a standardized schedule for password resets. A standardized schedule improves security and keeps password policies top of mind for users.

Clear Desk Policy

Cybercriminals may use in-person tactics. Implementing a clear desk policy can prevent an attacker who visits your organization, an employee who’s an insider threat, or someone who wants to capitalize on an opportunity from stealing or leaking data. Require users to lock their computers when they are not at their desks. Any document containing personally identifiable information (PII), intellectual property, or sensitive information should be locked in a restricted storage area to prevent unauthorized access.

Security Awareness Training

Cyberattacks have become more sophisticated, making it difficult for users to tell the difference between cybercriminals and trustworthy sources. KnowBe4 reported that “…1 out of 3 employees was likely to click on a suspicious link or email or comply with a fraudulent request…” in their Phishing by Industry 2022 Benchmark Report. The good news is that this same report showed that users could substantially reduce their risky behaviors with phishing awareness training.

Human error often happens because users don’t understand the level of risk associated with their actions, and they are not familiar with the tactics used by cybercriminals. Comprehensive security awareness training educates users on identifying attacker tactics and actionable steps they can take if they notice something suspicious. Organizations should also consider phishing-specific awareness training as phishing is one of the most common attack vectors.

Businesses should conduct user awareness training regularly. After users have completed awareness training, your organization should verify the effectiveness of that training by conducting a phishing test. These processes will help you identify your organization’s risks and help you further develop your training.

Reducing Risk

Even a human with the best intentions can make a mistake. Unfortunately, no matter how innocent the error, it can lead to a breach. In addition to cybersecurity policies and user awareness training, implement tools to strengthen your access rights and controls, and monitor your network for suspicious activities.

Multi-factor Authentication

If an attacker obtains credentials to your business, having multi-factor authentication (MFA) implemented can prevent the attacker from accessing your network. With MFA, a user needs to enter another factor like a code via an app or text in addition to their username and password. So, an attacker would require a user’s cellphone and credentials to log into their account.

Set Expectations with New Employees

A new trend has emerged that targets new hires directly, taking advantage of the victim’s status as a new employee. Attackers prey on those who have recently announced new roles on social media websites such as LinkedIn. Attackers find the target’s phone number on a data brokerage website and use it to send an SMS phish while pretending to be an executive from their new employer. The SMS phish will often ask for either gift cards or sensitive data. New hires must have appropriate security awareness training to combat this new social engineering tactic. Share with your employees what standard communication from the C-Level or executives in your company would look like so that it is easier to spot a fake. Lastly, new hires should be advised to limit posts about new positions on social media to give these threat actors fewer opportunities to strike.

Active Security Monitoring

Organizations can make the mistake of assuming that they have security monitoring when they only have performance monitoring. Security monitoring detects your network’s suspicious activities and security incidents, while performance monitoring only checks for functionality.

If a human error allows an attacker to access your network, security monitoring can help your security team detect the attacker’s activities. It can be difficult to identify an attacker’s behaviors when masked by a legitimate account. Implementing a security event and information management (SIEM) platform helps security analysts identify an attacker’s behavior by correlating activities across the network. SIEM platforms allow security teams to investigate a problem before it becomes a breach.

Holistic Cybersecurity

At the end of the day, humans make mistakes. The truth is a data breach can happen even with the best technology and user training. Taking a holistic approach to cybersecurity is the best way to mitigate your risk. Start by evaluating your current cybersecurity risk with our Cybersecurity Checklist.

After completing your evaluation, reach out to discuss your current cybersecurity posture with our technical experts. Coretelligent has years of experience providing the holistic, real-time protection and threat intelligence needed to safeguard your critical systems and data and maintain compliance.

Data Loss Prevention

We are all aware of the anxiety losing something can cause. If you’ve ever misplaced your wallet, you are aware of the lasting impact it has. First, you have to get in touch with your bank, then request a new license, and then update all your existing accounts with the new information when it arrives. Even after handling the seemingly endless immediate effects of the loss, the fear of what happened to your personal information may last a while.

Now imagine if you were an organization that lost hundreds of thousands of records containing personally identifiable information (PII) or intellectual property (IP). In 2022 alone, several major companies such as Uber and Rockstar Games have been affected by data breaches that have compromised large quantities of their stored PII.

Numerous factors, including internal and external threats, system flaws, or even human conduct, can lead to data loss. Whatever the source, your company can take steps to stop data loss, shorten the duration of the incident, and lower the overall cost to your organization. The SEC’s Office of Compliance Inspections and Examinations (OCIE) notes data loss prevention as a critical area in their Cybersecurity and Resilience Observations report.

What is Data Loss Prevention?

Data loss prevention (DLP) involves having systems, tools, policies, and training to prevent data from being misused, lost, or accessed by unauthorized users. Preventing data loss is especially crucial for businesses that handle sensitive information like personally identifiable information (PII), intellectual property (IP), and personal health information (PHI). IBM’s 2021 Cost of a Data Breach Report found that PII was the most common type of record lost, included in 44% of breaches. PII is also most costly type of stolen record costing businesses up to $180 per record.

For those in highly regulated industries, like financial services and life sciences, data loss prevention is required. Data management and security are crucial elements in FDA Title 21, CFR Part 11, HIPAA, Sarbanes-Oxley Act (SOX), FINRA, and SEC rule 17a-4. Keep in mind that many of these regulations require preventative measures, specific actions, and documentation in the event of a data breach.

The Cost of Data Loss

Whether you experience a data breach from an inside user or permanent data loss from a malicious attack, there are long term consequences. Decreased productivity, loss of consumer and investor confidence, legal fees, and remediation expenses are only a few of the costs. For many organizations, it can take years to recover from the damage. Unfortunately, some businesses don’t survive these costs and are forced to close.

Even if you experience a breach, having a data loss prevention strategy can reduce the costs. The average cost of a breach is $4.24 million. Data loss prevention can reduce the overall cost of a breach by $136,992, according to IBM’s 2022 Cost of a Data Breach Report.

Developing a Strategy

To meet compliance standards and secure your data, your organization needs to have a comprehensive security plan that includes preventative and responsive actions.

Develop Comprehensive Policies

When we think about cybersecurity and data protection, we often think of technology. Although technology is a significant factor in security, policies set the tone for the organization and provide guidance on which technology solutions are needed. A lack of policies and procedures can undermine even the best technologies.

Create an Asset Inventory

You can’t protect your data if you don’t know where it is. Develop an asset inventory that lists all your data, where it lives, and how it’s currently being protected. Be sure to note your critical assets and systems that would affect your business operations.

Assess and Treat Vulnerabilities

To understand how your organization could experience data loss, you need to be aware of what vulnerabilities exist in your environment. Establish regular, comprehensive vulnerability assessments and penetration tests to stay on top of your current weaknesses.

Create and implement treatment plans for discovered vulnerabilities, e.g., patch management schedule, awareness training, and comprehensive policies.

Implement Access Control

Determine paths of ingress and egress for sensitive information. Determine who has access to sensitive data and implement the principle of least privilege to ensure that access is restricted to only those that should have it. Ensure access and usage are audited. Implement appropriate restrictions and logging at all points of egress.

Conduct Security Awareness Training

Since human error remains among the top causes of data breaches, it’s essential to conduct quarterly or semi-annual security awareness training. Users who have received training are better equipped to spot harmful emails and phishing schemes. It also teaches them what steps to take if they have received this type of communication.

Implement Perimeter and Endpoint Security

Remote work is here to stay, and as such, the perimeter of your network is no longer limited to the boundaries of your office or data center. You need to ensure that you have total visibility into all incoming and outgoing network traffic, including endpoints. Implement firewalls, endpoint protection platforms, and email security. These tools will give your IT team or MSP the visibility they need to detect and respond to threats straight away.

Having a dedicated security team to actively monitor your environment around the clock allows them to respond quickly to suspicious activities occurring on your network.

Properly Dispose of Legacy Systems

Remove software that is no longer receiving security patching from the vendor. Ensure that all sensitive data is removed when disposing of outdated software and hardware. Use disposal or recycling vendors that provide a certificate of destruction.

Create a Backup and Disaster Recovery Plan

Unfortunately, even with the best security measures in place, data loss is still a possibility. That’s why you need to have regular and tested backups along with a comprehensive disaster recovery plan. A plan will help your organization maintain business continuity and compliance while addressing a disaster or breach.

Staying Compliant and Protecting Your Data

Data loss can have a significant and irreversible impact on your business. Data loss prevention is an essential component of your overall security posture. To maintain compliance, your organization must secure and monitor your data continuously. As the threat of cyber-attacks continues to grow, it can be challenging to balance security, compliance, and day-to-day support. Coretelligent can help to strengthen your cybersecurity posture and protect your data. You can learn more about what we offer, including cloud-based solutions, backup and business continuity services, IT planning and strategy, compliance solutions, and more here.

Early-Stage Life Sciences

Early-Stage Life Sciences

The life sciences industry is booming, and with that growth comes the need for IT that can keep up. Fueling this upsurge are venture capitalists and other early-stage investors pouring capital into funding innovation in cities like Boston, Dallas-Fort Worth, Houston, the South Florida area, the San Francisco Bay area, and more.

Early-stage life sciences companies are faced with specific challenges as they scale from startup to IPO. From biotech and biopharma to health tech and clinical research companies—and everything in between—all face similar growing pains when it comes to IT. This blog post explores some of these challenges and what you should expect as your company grows.

Technology is an Innovator in Life Sciences

Life science is an industry in which digital disruption has upended how IT intersects with strategy and operations. IT has morphed from a business cost center into a significant driver of innovation and success. The technology opportunities presented by advances in data analytics, AI and machine learning, hyper-automation, and quantum computing represent a shift towards IT as an integral component in business growth.

Additionally, healthcare and life sciences trends are driving the need for technology advancements, including a shift towards a customer-centric commercial model, new types of collaborations, and improvements to the clinical research development and review process.

While technology innovation presents new opportunities, that does not eliminate the back-end demand for IT functionality. For example, even the most innovative biopharma startup needs IT infrastructure to power their everyday business operations like email, cloud storage, employee onboarding, and more.

The IT Challenge for Early-Stage Life Science Companies

The challenge for series A and seed-funded life science firms is finding the right balance between innovation, business operations, and budgetary restraints.

While in this stage of development, many early-stage companies may want to only focus on their current IT needs; nevertheless, it is critical to plan for future growth. Worries like compliance requirements and intellectual property security may seem like distant concerns, but it is ideal to take a birds-eye-view approach and not just keep an eye on the path directly ahead. Lacking the knowledge about a coming fork in the road, your company could find itself on a very real dead-end requiring disruptive and costly changes to core business systems. And with the growth of the industry and the trend of an accelerated development cycle, you could find yourself needing to address increased IT investment sooner than expected.

Positioning IT for Growth

In the early stages of business development, many life science startups have been too busy focusing on funding to think about IT beyond their initial business plan. However, with funding secured, it is crucial that you begin building the foundation of your IT infrastructure.

At this point, most startups in the life sciences space choose to outsource some or all IT functionalities. However, the risk here is selecting the wrong IT partner who can’t scale with you, recommends the wrong core systems, provides low-quality support, or just doesn’t understand the unique needs of your specific industry within the life sciences sector. Therefore, it is critical that you conduct a due diligence process to ensure future success.


Related Content → IT Vendor Due Diligence Checklist for Life Sciences.


What Are the IT Requirements for a Life Science Startup?

Before beginning the due diligence process, it is critical to understand and evaluate your current IT requirements while considering how to power innovation and develop operational scalability and flexibility. Whether an early-stage medical devices manufacturer, a digital health company, one of the many biotech incubators, or other life sciences startup, IT setup generally includes the following fundamentals:

  • Core system infrastructure consisting of email services, file storage, productivity, collaboration tools, and more.
  • A reliable means of seamlessly onboarding a steady flow of new employees.
  • Security implementation including antivirus and antimalware, multifactor authentication, master data management, Office Firewall, and more.
  • Cloud storage that can efficiently and quickly scale to support the changing needs as your need for data grows.
  • Above all, the greatest need is for a trusted strategic IT advisor with robust experience within the life sciences domain to help plan for growth.

To dive deeper, download our data sheet → What Early-Stage Life Sciences Startups Need to Know About IT.


An Experienced Partner

Coretelligent has extensive experience working with startups in the life sciences industry. We currently support over seventy-five life sciences firms in a variety of fields around the country. Our top priority is understanding your firm’s business strategy and providing solutions to help you meet your goals. We have experience scaling IT for a startup in the earliest stages through to a late-stage life sciences company.

As an industry leader, Coretelligent can help you meet all the IT requirements of your developing biotechnology, biopharmaceutical, health technology, or other life sciences firm. We guide clients throughout their journey towards success with our full suite of managed and co-managed IT solutions, including cloud services, cybersecurity, support, strategic services, and more. Reach out to learn more.

Data Terms Data Lake vs Data Warehouse vs Data Fabric

Data Terms Data Lake vs Data Warehouse vs Data FabricOur shift to a digital world is fueling the creation of massive data reservoirs with almost unlimited potential. With this increase comes new data terms and technologies for managing and analyzing data. This digital transformation shift can result in companies generating more data than they can manage or utilize with their current infrastructure and resources if not adequately conceptualized.

Currently, we find ourselves firmly in the Zettabyte Era, a term coined back in 2016 recognizing the changeover to measuring the world’s data in terms of zettabytes. A zettabyte is a unit measurement for computing storage capacity, and it represents a whole lot of data. To provide some context, the world’s data is estimated to be just under 100 zettabytes in 2022. While in 1998, for comparison, the world’s data was estimated at just a few thousand petabytes. A zettabyte equals one million petabytes!

As digital transformation and the growth of data have become the norm, business executives must gain a broad understanding of the data landscape in order to take advantage of the business intelligence possibilities. Data management infrastructure can be complicated, and while there is no need for business leaders to become experts in data management, more knowledgeable leaders make better IT investment decisions.

Data Terms: Data Lake vs Data Warehouse vs Data Fabric

Gaining an awareness of data infrastructure terms like data lakes, data warehouses, and data fabric is a great place to start. A big picture overview of these data management technologies can only help in making more informed choices about your firm’s IT infrastructure.

What is a Data Lake?

A data lake is a centralized repository for storing enormous amounts of structured, semi-structured, and unstructured data. Data can be brought into a data lake from multiple and disparate data sources, validated, and optimized to improve access, connectivity, and analytics.

The main benefits of using a data lake are that it allows for cost-effective storage of large amounts of data without having to worry about the data’s format and can improve the functionality of data from multiple sources.

One pitfall of a data lake is that along with the unlimited data consolidation capabilities of the data lake, without the development of an adequate framework for enrichment and enhancement, data within a data lake is no more usable than before.

What is a Data Warehouse?

With a data warehouse data flows in from transactional systems, CRM, operational systems, and other sources, typically on a regular cadence. Business analysts, data engineers, data scientists, and decision-makers access the data through business intelligence tools and other analytics applications.

One key advantage of using a data warehouse is that it enables businesses to consolidate structured data from multiple sources into a single, centralized location to improve reporting and dashboards.

Having clearly defined and robust data governance policies is a requirement for getting the most out of a data warehouse.

What is Data Fabric?

Data fabric is a flexible data architecture that enables the integration of data from a variety of sources and cloud environments. In a sense, it knits together all the data of an organization regardless of the location or infrastructure providing a unified view of an organization’s data, making it easier for businesses to reduce data silos and better manage their data. Additionally, data fabric can help companies save money by reducing the need to duplicate data in multiple systems and providing flexible, agile, and scalable solutions for accessing and using data.

A Simplified View

Among the main differentiators among the three data structures is that data lakes can store raw data, while data warehouses only stores processed and refined data, and data fabric connects one or more of the other structures for better connectivity.

It’s About Business Intelligence

Data lakes, warehouses, and fabric are data technologies that can help businesses reduce silos and provide actionable data necessary in today’s data-driven business environment. Painting with a broad brush, they store (or can access) data in a centralized location, help businesses better understand their data, and reduce the need to duplicate data in multiple systems. Still, they have specific benefits and challenges that must be weighed against your organization’s requirements and business goals.

As with many things, there is no one-size-fits-all solution to data management and how best to gain the business intelligence (BI) needed to increase revenue, improve outcomes, and reduce the total cost of ownership.

Reach out to connect with our technical experts to discover how to optimize and utilize your data for better decision-making. Coretelligent has years of experience building and supporting customized IT infrastructure and solutions utilizing tools like Microsoft Azure, Power BI, Tableau, and other BI tools designed and built around our client’s business goals.

disaster recovery as a service

Disaster Recovery as a Service (DRaaS)

The modern business runs on IT and data. Both underpin every business function and act as revenue generators. But as IT becomes more valuable to your organization, protecting your investment with backup and disaster recovery solutions like Disaster Recovery as a Service (DRaaS) becomes even more critical.

What is DRaaS?

Disaster Recovery as a Service is a flexible and robust cloud computing backup solution delivered with the ease of Software as a Service (SaaS). The SaaS approach means organizations have a reliable and flexible backup solution without the hassle of owning, maintaining, and managing those resources. Brien Posey sums it up best in Conversational Disaster Recovery as a Service, co-sponsored by Veeam, “DRaaS is essentially a subscription-based disaster recovery service.”

DRaaS differs from a traditional backup solution that merely creates a copy of an organization’s data. With DRaaS, in the event of a disruption, an organization can simply switch over operations to the cloud allowing for business continuity.

The best disaster recovery (DR) services and DRaaS providers make it simple and easy to maintain business continuity and ensure data loss prevention via file syncing for your systems. However, as business data can often be fragmented between different systems, applications, and IT infrastructure, extra attention to detail is required to prevent data loss and ensure operational continuity.

Even the most severe failure can result in minimal disruption if you have good continuity and recovery planning. DRaaS providers work with the most complex data sets, often within native or hybrid clouds, to ensure business continuity in the event of loss or failure of data and critical systems.

Expect the Unexpected

DRaaS can help protect your business from any number of threats, including:

  • Severe Weather

Because DRaaS is a cloud-based solution, you’ll be able to access your data from any location with an internet connection. If a natural disaster makes your office unusable,  your business can continue remotely.

  • Cybersecurity Threats

Data breaches are a major concern for businesses, and DR and DRaaS can help protect against them. Malware and ransomware are a particularly dangerous and prevalent threat, but human error and natural disasters can just as easily disrupt applications, workflows, and revenue production.

  • WFH Security

As remote working has become a regular part of business, DRaaS is powerful and flexible enough to handle the demands of the modern workplace.

The Importance of SLAs in DRaaS

The key element to any DR plan is will it work when needed. Best practices indicate that DR plans be tested every six months. Without that testing, there is no assurance that your organization can recover from an event. An experienced and comprehensive DRaaS provider will assist with DR testing and offer guarantees of successful testing along with solid service level agreements (SLAs) to back up their DR capabilities.

An SLA should clearly document the recovery plan’s RTO and RPO. A Recovery Time Objective (RTO) is the time that elapses between an incident and the resumption of critical business processes. A Recovery Point Objective (RPO) defines how much data it can afford to lose measured in time. These are essential metrics for any DR plan, and the SLA should be clear about how the DRaaS provider will ensure these standards.

How DRaaS Provides Ransomware Protection

With the rise of ransomware, businesses must implement a bifurcated cybersecurity model to ensure long-term resiliency. The first branch comprises a business’s security program to prevent cyber incidents. At the same time, the second branch consists of all company preparations for recovery if the cybersecurity program fails. Both must receive equal care and attention in their planning and execution.

DRaaS falls into the second branch. DRaaS can help recover from a cyber event quickly, including ransomware. When paired with Backup as a Service (BaaS), which focuses on preserving data, DRaaS can offer fast recovery for parts of the IT ecosystem that haven’t yet been affected by malware or ransomware.

Additional Benefits of DRaaS

  • DRaaS can free your internal IT team to focus on core operations and innovation.
  • In business, time is money, and DRaaS can shorten your recovery time in the event of a disruption.
  • DRaaS solutions are more cost-effective than fully in-house disaster recovery programs.
  • Since DRaaS is a cloud-based solution, you can run your business from anywhere–even in the event of a natural disaster.
  • By choosing a DRaaS provider, you benefit from their years of experience and knowhow. This assistance can help your company avoid costly DR planning, testing, and execution mistakes.

DRaaS: Reliability is the Goal

A good disaster recovery plan should ensure the data protection and continuity of your business, no matter the type of disruption. This planning requires both due diligence and dialogue with all stakeholders to ensure that nothing is overlooked.

In searching for a DRaaS provider, an excellent first step is connecting with trusted peers to inquire about their solutions, ask what lessons they have learned, and seek out recommendations for managed DRaaS vendors.

After gathering information from vendors, compare their expertise, benefits, and results. Most importantly, talk to your business’s leadership about disaster recovery. It’s a business decision, not one for IT alone.


About Chris

As Chief Technology Officer at Coretelligent, Chris Messer is a transformational and strategic IT leader who establishes and leads Coretelligent’s technical vision and technological development. Click here to learn more about Chris.

 

How to Develop an IT Strategy

What is IT Strategy

Information technology (IT) is the backbone of every business today. And an IT strategy is a framework designed to enable your business to meet its goals and succeed. Your IT strategy can set you up for success or put you on a path to failure. Think of it this way, not utilizing a plan is like driving cross country without a map, GPS, or other tools to ensure you arrive at your destination.

Don’t want to leave your success up to chance? We’ll show you how to build, pitch, and optimize your IT strategy to best align your technology and business strategies.

What is IT strategy?

So what is IT strategy, and why do you need one? A healthy IT strategy and plan can ensure that your IT investments drive value and growth. It is a comprehensive document detailing how your business uses technology to accomplish its goals. A well-established plan allows for scalability, increases ROI, strengthens cybersecurity, improves productivity, reduces risk, and more. In addition, a thorough strategy can reveal areas of your organization’s IT infrastructure that need improvement and help you focus on addressing them.

How to Develop an IT Strategy

Not sure where to begin in developing your own IT business strategy? Here are the introductory steps:

  1. Review current business objectives, initiatives, and IT needs across the organization to determine IT initiatives. SWOT analysis will help to identify gaps. Then, define the key elements to include in the plan.
  2. Complete an IT audit throughout the organization to create a snapshot that includes:
    • Cybersecurity policies and documentation of procedures and controls
    • Hardware and software inventory for on-premise environments
    • Cloud solutions and applications
    • Processes and governance
  3. Create an IT roadmap by developing strategic IT initiatives, the tactics that support them, and a completion timeline. Include short-term and long-term projects.
  4. Define metrics and how you will determine success.
  5. Review and repeat.

When completed, your IT strategy creates a roadmap that aligns technology with business strategy.

Implementing an IT Strategy

While an IT department might be well-positioned to execute a strategic plan, IT alone cannot guarantee success. The success of the strategy also depends on buy-in from company leadership. Partnering with a managed service provider (MSP) with a proven track record can help make the business case to leadership. When making the business case for your IT strategy, it is critical to illustrate how IT initiatives will support the business. Provide concrete examples of the advantages that technology can deliver.

In today’s business environment, technology is a significant component of success. As your organization grows, resolving day-to-day technology issues will not be enough. Your IT operation will need to progress from strictly reactive to proactive. Only with thoughtful planning can IT lead your company in meeting its goals.

Choosing an MSP with expertise as a strategic partner gives your company the advantages needed to stand out from the competition, maximize profits, and expand.

Trust Coretelligent’s Experience

At Coretelligent, we understand the business imperatives that drive intelligent technology decisions. While other MSPs do not offer strategic engagement, IT business strategy development is the foundation of every Coretelligent relationship. We are ready to work with you to craft a roadmap to optimize your IT platform for your current and future needs.

Our technology strategists can support your internal team in creating and making the business case for your IT plan. Our approach to strategy is deliberate, thorough, and insightful. We bring years of industry-specific expertise to the table and have significant experience providing strategic guidance to clients in financial services, life sciences, and other sectors. Contact us to learn more and begin your journey to success.

 

Espionage Threat

The heads of the FBI and MI5, Britain’s domestic security service, have warned business executives about threats posed by Chinese digital espionage, the goal of which is often to steal Western companies’ intellectual property.

During the joint appearance on July 6, 2022, Christopher Wray, director of the Federal Bureau of Investigation (FBI), and Ken McCallum, director-general of MI5, reiterated a need for digital caution and ongoing vigilance because of the scale of Beijing’s operation.

“The Chinese government is set on stealing your technology—whatever it is that makes your industry tick—and using it to undercut your business and dominate your market,” Mr. Wray told the audience in attendance. “They’re set on using every tool at their disposal to do it.”

China is engaged in “a coordinated campaign on a grand scale” that represents “a strategic contest across decades,” Mr. McCallum emphasized. “We need to act.”

The Chinese government utilizes state-sponsored hacking to exploit known cybersecurity vulnerabilities in order to establish a more extensive web of compromised infrastructure. Over the last few years, it has exploited several high-severity vulnerabilities that have given these attackers the opportunity to gain entry to many vulnerable devices.

Once the attackers have access to these devices, they assess the critical users and seek to gain further credentials. Utilizing these and other methods, these attackers are continually evolving and adapting their practices to bypass existing defenses, so maintaining a proactive and defensive cybersecurity posture for your business is imperative.

CISA Recommended Best Practices

The US Cybersecurity & Infrastructure Security Agency (CISA) is recommending a variety of best practice actions for combating this threat, including, but not limited to:

  • Applying patches as soon as possible
  • Disabling unnecessary ports and protocols
  • Replacing end-of-life infrastructure
  • Implementing a centralized patch management system

Additional recommendations from Coretelligent’s security experts include:

Remain vigilant

  • Implement multifactor authentication
  • Think before you click a link or open an email attachment.
  • Be wary of new social media requests.
  • Limit the attack surface on all Internet-facing infrastructure

Ensure readiness to respond to a cyber incident

  • Review policies and procedures around incident response.

How to Protect Your Organization?

If you are concerned that your organization’s current cybersecurity posture is not robust enough to sufficiently handle the growing threat, reach out to learn more about Coretelligent’s multi-layered cybersecurity solutions.