- Security Issues
- Change of Policy
- Less support from the Manufacturer
- Incompatibility
It is important for businesses to recognise these risks and have a plan in order to mitigate these risks.
Security Issues:
If the software was new and not tested properly then it could mean some security measures have not been taken. This could be detrimental to a business or even just a household because of the strictly confidential information that is on their machine, like bank details or a billing address. A way to mitigate this risk is to wait a few weeks after this software has been released and read reviews on the security aspect of it, failing that a business could take on the contract from the software provider but only on a few devices which wouldn't be awful if they were to be hacked into by others.
Change of Policy:
If a business was using a program which allowed them to do their job effectively, unlike any other, then if they were to change company policy of any kind it could impact upon how your business works depending on the amount the business is dependant on it. A change in policy is likely to affect the up and running time of a business, this means a potential loss of money or big money contracts. I think the way that a business could mitigate the risk of a change in policy is having a back up way of doing things that is regularly practised meaning that if the change were to occur the workforce would know how to deal with it. Also upgrading software at the quietist times is vital to ensure the business loses the least money possible.
Less Support from the Manufacturer:
If you were to change providers of a certain software, perhaps because your business had outgrown the original software, you could find that the bigger the company the less time they have to answer queries about the software and this has massive potential to negatively impact your business because when you have a problem with the software which paralyses your business you would have to wait hours or even days for help from the service provider.
Incompatibility:
This is an obvious risk to a business because it has the capability to corrupt every file on a device or system if used by all devices, it could also mean that computers become unusable because the hardware used doesn't support the software that had been downloaded then it won't work, an example of this is when a different OS is used in the same system as different drivers, like Linux OS and Microsoft drivers, these two don't support each other because they are competitors. A way to combat this is to check that both the hardware and the software are compatible before you buy.
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