2. TagArray
3. Consulting

The Pandemic has affected several businesses, depending on their geographical location, industry, and type of industry. But Covid 19 was not the only reason for being unprepared—a sudden adoption of employees working in mass remotely was adopted as the best solution at an uncertain time. It was also a major reason for the closure of many businesses. During this time, cyber security concerns were raised by businesses due to the lack of cyber resilience and cyber security. Businesses had to convert to hybrid models during the Pandemic, and they had concerns about their information assets as they are more crucial and can be subjected to cyber-attacks. That’s when businesses were looking out for ISO 27001 certification.

What is ISO 27001?

It’s an international standard created to serve as a framework for organizations to implement, maintain and enhance their information security management systems (shortly termed iSMS). The framework ensured continued confidentiality, integrity, availability of resources, and legal compliance. ISO 27001 has nearly 114 controls, and 30+ control categories ensuring information on end-to-end business lines is safe and secure from cyber attacks

An information security management system involves legal, physical, and technical controls involved in an organization’s information risk management processes to safeguard them from cyber-attacks ensuring confidentiality and integrity.

Many corporate systems during the Pandemic didn’t have the scalability and readiness to adapt to modern navigation, even though numerous tools were available just for this purpose. Businesses were facing a tough time with making the system productive in a hybrid model, considering cyber resilience, scalability, information assets management etc. That’s where ISO 27001 standards helped businesses.

How is ISO 270001 useful for businesses?

There are several standards like ISO 9001, ISO 27001, Iso 14001, etc, that help us cut down costs, boost productivity, help in reducing cyber risks, and improve the profits of an organization. These standards are built to make businesses stay effective and prepared for any major hurdle.

The initial work on attaining these standards helps businesses understand the areas of risk, and with periodic repetition, this starts to put the process into practice.

ISO 27001 made the working arrangement more flexible, safe, and secure post covid, Those times in the thought of cyber security and secure remote management models for future purposes.

ISO 27001 helped businesses to meet regulatory information security requirements for business data and provided reassurance to customers and suppliers, also ensuring that under this framework and policies followed, the employee and organization’s information is tightly secured and protected.

ISO certifications are powerful tools for attaining business continuity and identifying both internal and external issues that will impact or become a disaster.

The major importance of ISO 27001 in your business:

1. ISO 27001 protects your business reputation and your business from security threats

It is most apparent that businesses with ISO 27001 certification tend to have frameworks and working models that protect them from data breaches, security, and cyber threats. These companies work on a set of rules and regulations to attain ISO 27001 certification that eventually strengthens the organization across pillars of cyber security and protects their reputation

2. Helps them with regulatory fines

ISO 27001 helps organizations avoid crucial and costly penalties that affect their capital. These penalties mostly fall under the category of data protection, such as the General Data Protection Regulation, not only with the GDPR helps you in several areas and ensures the best approach is taken towards maintaining Information security.

ISO 27001 helps you comply with GDPR, commonly known as the General Data protection regulation and NIS directive called the Directive on Security of network and information systems. There is always a risk of data breach litigation, ISO 27001 helps to reduce this risk. Getting litigation due to a data breach can damage your business reputation and affect your growth, etc. Many laws are being drafted by the EU and USA in relation to private action and consumer privacy, like California Consumer Privacy Act, Biometric Information privacy act, etc.

3. Improves your company structure and focus towards growth

Globally, companies tend to adapt to ISO 27001, as growth is crucial in any line of the business, a company cannot tend to lose their focus on their information security.

By attaining ISO 270001, your business can create a highly functional and operational system that is not only flexible but also ensures the security of information assets. To ensure this company must conduct risk assessments and audits annually, which helps them to make necessary changes.

4. Reducing the frequency of auditing:

As ISO 27001 is a globally accepted certification, it demonstrates its effectiveness in security, therefore rapidly reducing the need for repeated customer auditing.

Contact Us

Reach out today to schedule a discussion with an iBridge team member to learn how we can help your business in terms of growth and digital transformation

2. TagArray
3. Consulting

Confused about whether to hire a Consulting firm or not? How does a consulting firm benefit your firm? Why has the number of companies offering services to consulting firms risen tremendously in America?

Reasons for a business to hire a consulting firm

The first and foremost reason companies hire a consulting firm is to cut down their investments in technology and contingent resources. One of the major reasons why consultants are hired is for their skillset and their access to modern technology, infrastructure, and cutting-edge tools. These firms provide businesses with expertise, cost-effective setup, and surplus resources which they require.

A recent survey by Clutch states that 44% of small businesses have hired a consultant and 30% are planning to hire an IT consultant for them. And most 70% of small businesses urge to outsource a few of their business process to highly qualified consultants. Start-ups and Small businesses are the best ones who are quick to adopt innovative technology. They majorly hire IT, consultants, to help their business is Business process automation, Digital transformation, and cybersecurity implementation. 

Here comes the biggest question!

What do Business consulting firms do for your business?

Consulting services with global business consultants provide a variety of management consulting, process consulting and other services to help organisations of all sizes, resource levels and industry types enhance their work by improving their overall performance and efficiency.

Majorly businesses tend to hire 5 types of consultants like strategy consultants, Management consultants, operations consultants, legal consultants, and Technology/ IT consultants.

There are several factors and processes involved in hiring any type of consulting firm

1. Finding the type of service and firm you need 

When it comes to finding the right consulting service, it’s about finding out what’s wrong with your current consultant or what needs he or she can solve. The first step is to be specific about the work you want them to do for you—it may be something as simple as changing the business operation line or as complex as revamping your technology department’s database. It could also involve revising a business plan, providing litigation support for specific needs, or even performing strategic consulting for a future business plan.

Once you understand your goal, the next step is to find out whether your firm has specialists in the field you are looking for. Does it have the resources? Do they have a record of accomplishment of success for what you want? When you go for a general consultant, they offer a wide range of services throughout the company. When you go for a specialised one, he or she tends to be helpful only in one area of business: your own.

While choosing a firm, you should consider the size and experience of the firm, its resources for the field, and its technology to find the right one for your project.

2. Gain clarity over their background 

Whether the size of a consulting firm is huge or small, it’s always important to choose the right one to help you achieve your goals. For choosing the right one you must be clear with their competencies, speciality, and services they offer and the competitors for them in the market and the audience they reach in the market. Their market reach also matters to find the right one you are looking for. 

3. Establishing the mode of work and communication

Let’s say you hire a strategic consultant for increasing your business performance, but they don’t establish communication with the team and understand the current plan and its flaws in it. Do you think you might get the best strategic solution from them? You never hire consulting firms to get results alone. They must streamline the process in every stage of the process to achieve your business objectives. To understand this, know their methods and ways of communicating with clients.

It’s essential for any consulting firm to value independent thinking and transformational outcomes. You must get to know how they handle the projects, their approach to solving any issue, the tools they utilise to construct solutions, and their preplanning before initiating huge change.

4. Balancing the cost and resource

Did you know that every year in the US, there is a 4.9% increase in businesses seeking out business process outsourcing services? The reason for this is because of an increase in outsourcing projects globally. One survey states that the pricing model of consultancies determines their project conversion rate; however, do not pick a consultancy based on the price alone. A firm which charges high but gets the work done with higher efficiency and on time is the best pick.

5. Evaluate their presence and work culture

Consulting firms tend to highlight their area of expertise, portfolio, their major achievements to show their edge over competitors and their presence and reputation in the industry. Doing an evaluation of their presence across mediums can help you understand their communication with the audience, the feedback from their clients, their networks etc. Another major factor considered is their work culture and model align with yours or not. Identify the areas of concern while working together.

6. Discuss the terms and look for the details

After selecting a company to work with, it’s important to understand their contract and all the details that go along with it. This way you can avoid hidden expenses or delays in the future.

Contact Us

Reach out today to schedule a discussion with an iBridge team member to learn how we can help your business in terms of growth and digital transformation