Hi There,
Unseen, expresses mystery, uncertainty, fear and risk. And Unforeseen surely damages.
I am writing this blog to help my SME readers to realize their Unseen Assets and associated Unforeseen Risks.
As an enterprise owns tangible assets like land, plant, machinery, office, computers, servers, hardware, equally do they own intangible digital assets, technology, goodwill, knowledge.
In this blog, I attempt to identify these digital assets, associated risks and solution practices.
Here we go,
Your 1st digital asset is your ERP data. It is generated by a single ERP software (like tally, SAP, or homegrown) or by multiple packages (like accounting, inventory, CRM software). Always, such data is in the form of few database files as SQL files or data files. Mostly they are stored on server.
These data files are enterprise’s digital assets, containing
These data files are subject to serious risk of loss (by deletion), destruction (by disaster) or manipulation (by virus / ransomware). Loss, Destruction, or Manipulation can ruin your business to standstill. Not only this but also, these data files are subject to serious risk of theft or unauthorized access leading to irreversible competitive damage. Theft or unauthorized access can cause quantified business losses against smarter competitors.
Your 2nd digital asset is your Designs, Drawings, Documents, Spreadsheets. It is generated by a Autocad, 3D, Word, Excel, Solidworks kind of software. Always, such data is in the form of dwg, doc, xls, psd, cdr files. They are always scattered on servers, desktops and laptops.
These data files are enterprise’s digital assets, containing
These data files are subject to serious risk of loss (by deletion), destruction (by disaster) or manipulation (by virus / ransomware). Loss, Destruction, or Manipulation can ruin your business to standstill. Not only this but also, these data files are subject to serious risk of theft or unauthorized access leading to irreversible competitive damage. Theft or unauthorized access can cause quantified business losses against smarter competitors.
Your 3rd digital asset is your Emails. It is the busiest mode of communication, you do with the world. They are either in your email client (PST files or any) or on cloud (GMail or such). You do commitments, raise disputes, agree, disagree on emails to your vendors, employees, government, competitors and customers.
These data files are enterprise’s digital assets, containing
These data files are subject to serious risk of loss (by deletion), destruction (by disaster) or manipulation (by virus / ransomware). Loss, Destruction, or Manipulation can ruin your business to standstill. Not only this but also, these data files are subject to serious risk of theft or unauthorized access leading to irreversible competitive damage. Theft or unauthorized access can cause quantified business losses against smarter competitors.
I hope that my blog is an eye opening content for SME owners. There are solutions available to take care of all above points and adopt aforesaid solution practices.
Best Regards,
Vishal Shah
Founder and CEO,
Synersoft Technologies Pvt Ltd