Launch Party Wrap-Up: Software Risk Management Goes to Broadway

With the cost of U.S. data breaches increasing nine percent from last year, and the news of Target CEO Gregg Steinhafel announcing his resignation amidst the fallout of their massive credit card breach, every IT organization has software risk management top of mind in 2014.
Last month, at The Art Directors Club in New York, we held an application risk launch party for our new Application Intelligence Platform equipped with a sophisticated Application Analytics Dashboard. The updated interface will equip IT executives with actionable insight into the security, performance, robustness, and changeability of their most critical business applications across their portfolio.

AIP 7.2 Gives CIOs Software Risk Assessment at a Glance

For many CIOs, reporting on software risk is a complex problem. The reports are usually compiled once a quarter, and can take days if not weeks to complete. But worse than that, they often fail to deliver actionable insight to answer simple business questions. Which of my critical systems are most vulnerable? Are my IT vendors delivering as promised? How can we improve customer satisfaction? Are my development teams under-performing? How can we improve time-to-market for new projects?

A UK Regulator Confirms Software Risk Very Real In UK Financial Sector

Pay attention US financial sector, because the UK is one step ahead of you … sort of. They’re at least willing to admit they have a problem with software risk and IT system resiliency, which is on the path to recovery.
A recent report published by Tech Market View confirmed a 2012 warning by a director of the Prudential Regulatory Authority that the IT systems of UK banks were “antiquated.” and that he could not say with confidence that they are robust. The statements were delivered to a committee in Northern Ireland as they discussed the major IT failure at RBS/Ulster Bank in 2012 which affected the bank’s customers all over the world.

Software Risk: 3 Things Every IT Manager Must Know About A Risk-Based Testing Model

Because the world of software development is so incredibly complex and modular, quality assurance and testing for software risk has become costly, time-consuming, and at times, inefficient. That’s why many organizations are turning towards a risk-based testing model that can identify problem areas in the code before it’s moved from development to testing. But be careful, because hidden risks can still exist if you don’t implement the model properly throughout your organization.