Fitting enterprise systems into systems

Enterprise systems, developed by software companies in India, are used by large companies and small- and medium-sized enterprises (SMEs) to reorganize and streamline their internal and external operations.

Enterprise systems are used to enable the seamless integration and exchange of information between the several departments within an organization. In order to accomplish this, strictly defined control mechanisms must be in place in the system, which protect the company's data and safeguard the company against unauthorized and unintentional uses of the system. This is perfect for total control; however, is only attainable to a certain degree. The outline of controls in the enterprise system may have unintended organizational consequences, due to organizational necessities. The introduction of an enterprise system increases power differentials, which help to increase control in the organization. This results in amplified rigidity, and a probable decrease in organizational flexibility and resilience. On the other hand, enterprise systems can also cause drift, resulting from the unforeseen consequences of these power differential, as well as from the role of insights of people in resolving a problem within the enterprise system. This decrease in control may serve in some situations as an enabler to organizational flexibility. 

Software companies in India recommend workforces to have decreased or increased authority, as an outcome of assignments of dissimilar authorization levels to carry out jobs in the system. Moreover, people with better knowledge of the system seem to attain authority as more people bank on their proficiency in order to carry out their tasks. Monitoring is another source of influence, where the person carrying out the monitoring is realized to control what the subordinate is performing in the system. Monitoring in this case depends on the accurate assignment of authorization levels to the correct individuals. Thus creation of authorization level shapes in the system, together with the monitoring abilities of the system and the making of proficiency by several actors, leading to the creation of power differentials. These power differentials then delivered to escalate the control in the company. 

An enterprise system can be segregated, based on local contexts of communication, and reform them across time space. This is attained with the widespread nature of the enterprise system, which is configured in a central site. The segregation process then outcomes in increased control, produced by the significance of the configuration of the enterprise system, and the concentration of power in the hands of nominated individuals. As control increases, stiff mechanisms are put, by software companies in India, into place to create the organization more inelastic and robust. As such, the processes and procedures in the company are frozen, and firm rules apply regarding access to and manipulation of company information. Depending on the degree of this stiffness in rules (imposed by the enterprise system), the company may convert into too unbending to respond efficiently to circumstances of change and pressure, and consequently becoming less resilient. Manipulation or soothing of those rules may, still, lead to more elasticity (with the price of fractional loss of control), and hence resilience can truly rise.

On the other hand, an enterprise system can also be understood to integrate. This is accomplished with the scattered nature of enterprise systems, which can be installed with the help of software companies in India, in many locations across time space. As an outcome of the integration, there may be drift because of the influence of unintentional consequences of the system and the role of ethics of people in cracking a problem. This decline in control may serve to increase the resilience of the company, because the workforces operate the system for their individual use and are, therefore, able to react more to change when this happens. On the other hand, when the workforces fully follow the processes and procedures uttered by the system, then there is less or no drift, and the control structures enforced by the system are rebuilt. In this case resilience may actually decrease.

Thus fitting enterprise system into enterprise systems can produce higher rigidity into an organization at the same time it can also increase flexibility depending upon the organization necessities. Software companies in India can configure enterprise systems and its authorization levels as it is asked for.

Reasons behind Merger and Acquisition

Introduction

Mergers and Acquisitions have always kept the attention of economists alive. Mergers and Acquisitions may well prove to be favorable depending on the strategies and approaches adopted, but it would not be factual to say that all mergers and acquisitions have been successful.

Motivations for Mergers and Acquisitions

Companies go for mergers and acquisitions for many reasons. Some of these reasons are good, in that the motivation for carrying out the merger and acquisition is to maximize the shareholder’s value. Unfortunately, other motives are bad, or at least questionable.

Theoretically, software development companies should pursue an acquisition only if it creates value—that is, if the significance of the acquirer and the target is superior if they operate as a single body rather than as separate ones. 

If the expertise of both are amalgamated, it produces synergy.  A merger or acquisition is justified if synergies are linked with the transaction. Synergies can take three forms: operating, financial, or managerial. By applying the rules of synergy effectively, a merger can be made a success.

There are several reasons why companies pursue merger and acquisition. Few of them as explained as follows: 

Increasing capabilities

Increased capabilities might arise from expanded research and development opportunities or more robust IT services and operations. Similarly, many software development companies may want to combine to leverage costly IT services and operations.

Capability might not be a particular area or segment; the capability might come from acquiring a unique and innovative technology platform rather than willing to build it.  Mostly Biopharmaceutical companies are a hothouse for M&A due to the high investment necessary for successful Research & Development in the market.

Gaining a competitive advantage or larger market share

Many firms or companies decide to merge in order to gain a better distribution or to build enlarge the network like so many custom software development companies. A company might want to expand into different market segments or the markets where alike company is already operating rather than starting from the scratch, and so the company decide to merge with the other company.

This business network gives both companies a broader customer base overnight.

Synergy

The commonly used word in Merger and Acquisition is synergy, which is the idea that by combining business activities, performance will increase and costs will decrease. Essentially, a business will attempt to merge with another business that has complementary strengths and weaknesses.

Diversifying products or services

Another reason for merging and acquiring companies is to complement an existing product or service. A company that merges to diversify may acquire some other company in order to reduce the influence of a specific business's performance on its profitability. Two companies may be able to combine their products or services to gain a competitive edge over others in the market. Companies willing to sharpen focus often merge with other companies with deeper market penetration.

Cutting cost

When two companies have similar kind of products or services, merging them can create larger opportunity to reduce or cut down cost. When companies merge, often they have an opportunity to reduce operating costs by integrating and restructuring support functions.

When the total production cost of services or products is lowered as there is increase in the volume, the company thus maximizes total profits.

Growth

Mergers and Acquisitions can give the acquiring company a chance to raise market share without having to do work by themselves - instead, they can purchase a competitor's business for a value or a price. Usually, these are known as horizontal mergers. 

Eliminate Competition

Many Merger and Acquisitions permits the acquirer to eliminate upcoming competition and gain a larger market share. The problem with this is that a large premium or effort is usually needed to convince the aimed company's shareholders to agree to take the offer.

References :

• http://www.investopedia.com/ask/answers/06/mareasons.asp
• http://www.cio.com/article/2892329/mergers-acquisitions/reasons-mergers-and-acquisitions-happen.html

E Business – Strategy

ASP DOT NET Software companies in India have belief that progress in e-business will not only deliver economic yields, but it is an important component of business definition and competitive strategy. Still, IT performance research has revealed that the relation between IT investment and enhanced organizational performance is still vague. Again and again, ambiguity and arguments have characterized the e-business regarding what is known and what is not known about its payoff. Strategists fail to capture the indisputability that e-business performance depends upon the convergence of strategic and tactical factors.

Among many established industries, with the help of software companies in India, there is significant evidence of e-business being deployed to accomplish strategic goals. Where this deployment has been most successful, there is a tough scenario that the organization has taken a combined approach that both shapes on the organization's strengths and pays cautious attention to the process of change within the organization. There are two perspectives with this, oneis strategy content – which focuses on unique packages of resources – and second is strategy process – which captures human guidance and e-business implementation. These two perspectives are integrated to develop a more holistic understanding of the underlying drivers of e-business performance. 

In spite of the dot.com downfall, there remains a strong belief among software companies in India that e-business – with its rising potential for generating new transactional prospects between firms, suppliers, corresponding product/service providers and customers – will eventually contribute meaningfully to the future performance of many well-known firms. E-business is more than an instrument but part of an intensely held strategic character that enables them to outpace the competition. Yet, in spite of these high-profile triumph stories many other like wiseset firms have failed to replicate these results. This is not altogether shocking as technology modernization theory predicts that within any population there are significantly more followers than innovators. For those imitators wanting to study from these role models, a number of important queries come to mind, two of which, are:

• Why does performance (precisely that related to e-business) differ between organizations that function within the same line of business and have access to the same information and technologies?
• To what extent are these varianc esessential – that is, driven by firm assets and infrastructure – or intellectual – that is, driven by the principles and obligation of managers to a precise future (in this case a future inferringe-business implementation)?

Both questions are of real-world significance for ASP DOT NET software companies in India because they hit into the organizational thinking that takes place to clarify e-business applications. This reasoning is also of theoretical significance to the information technology (IT) literature in that it underlies the extent to which organizational success is dogged by strategy content and/or process.Although naturally linked to one another, the content and process viewpoints have evolved independently.

Developments in e-business applications and technologies, done by asp.net software companies in India,present many prospects for modern businesses to redefine their strategic objectives and improve or transform products, services, markets, work processes and business communication. The experiential results tell that e-business performance varies as external pressures and capabilities (i.e., human, technological and business) fluctuate. Still, the exact degree of these capabilities is not determined. Most notably, the study shows that variation in managerial opinions, regarding the supposed benefit of e-business, tells much about performance. 

Organizational differences comes out to be a factor forvariation in success or failure of e commerce implementation and its alignment with strategic goals. This principle is perhaps most marked in e-business settings where inconsistent markets, swift technological change and financial limitations strongly effect the organizational reasoning that takes place to determine e-business strategy and the following implications for firm development and existence. 

Secure Online Payment Systems

With the rising incidents of security compromises, it is very important to protect customer's personal information like credit card number, PIN number etc. During online payment process, cardholder's information is obtained which is very confidential and therefore must be protected by merchants using payment system software developed by software development companies in India or globe. However, cyber criminals are targeting merchants' system vulnerabilities to gain unauthorized access to these confidential information.

To protect cardholder data, five global payment brands, American Express, MasterCard Worldwide, Visa Inc., Discover Financial Services and JCB International launched PCI(Payment Card Industry) Security standards council.

PCIDSS stands for Payment Card Industry Data Security Standard. It ensures that merchants' credit card processing procedures meet certain security requirements as follow to make online payment systems secure:

• Install and maintain firewall configuration to protect data
• Protect stored data
• Restrict physical access to cardholder data
• Encrypt transmission of cardholder data and sensitive information across public networks
• Track and monitor all access to network resources and cardholder data

This PCIDSS applies to all organizations that store, process or transmit cardholder data. Every business that accepts credit card or debit card processing payments and stores, processes and transmits payment card data must meet PCIDSS standard. There are other ways to make online payment systems secure which are as follow:

Authentication:

1. Both parties during online transaction should be able to feel comfortable that they are communicating with the party with whom they think they are communicating. 
2. Applications developed by custom software development companies in India usually perform authentication checks through security tokens or by verifying digital certificates issued by certificate authorities. 

Access Control:

1. The prevention of unauthorized use of a resource like cardholder data.
2. This service controls who can have access to a resource, under what conditions access can occur, and what those accessing the resource are allowed to do.

Data Confidentiality:

1. The protection of data from unauthorized disclosure.
2. The way to ensure confidentiality of cardholder data like credit card number, PIN number is Strong Encryption.
3. Data is kept secret from those without the proper credentials.
4. It is also known as secrecy.

Data Integrity:

1. The assurance that data received are exactly as sent by an authorized entity.
2. It Prevents the unauthorized modification of data during online transactions.
3. Cardholder data travel through multiple routers on the open network to reach their destinations. Online payment systems must make sure that the information is not modified during transaction.
4. It is also known as Anti-tampering.

Non-Repudiation:

1. It provides protection against denial by one of the entities involved in an online transaction of having participated in all or part of transaction.
2. Non-repudiation is usually provided through digital signatures and public key certificates.

Secure Socket-Layer(SSL) protocol:

1. It ensures confidentiality, by encrypting the cardholder data that moves between the communicating parties (customer and the merchant).
2. It also provides authentication of the session partners(customer and merchant), using RSA algorithm.

3D-Secure software:

1. This is developed by software development companies in India.
2. It ties the financial authorization process with an online authentication. This authentication is based on three-domain model.
3. When a transaction is performed using 3D-secure, it starts a redirection to the website of the card issuing bank to authorize a transaction.

Conclusion:

The beauty of the internet is attracting customers from around the world. However, it also attracts cyber criminals and so payment security is very necessary. PCIDSS is a security standard which has to be followed by every organization to secure cardholder data of customers. There are many software available for payment security provided by software development companies in India which facilitates data confidentiality, integrity, authentication, authorization etc.

Financial Management for IT services

Financial management for IT services: 

Financial management is a complex, specialized area orprocess by which IT service providers in india, in software development companies,can calculate, forecast and track costs and income related to IT services. Financial management should be managed and performed by skilled and trained professionals, even within the IT environment.

Purpose

The purpose of Financial management for IT services focuses on reaching the acceptable level of funding to design, develop and deliver the IT services that meet the goals and strategy of the IT organization. At the same time financial management for IT services is a gatekeeper that makes sure that the IT service provider does not commit to services that they are unable to provide. Financial management for IT services maintains the level of supply and demand between the service provider and their customers by balancing the cost and quality of service.

The objectives of Financial management for IT services are as follows:

• To define and maintain a framework to identify, manage and communicate the cost of providing various IT services.
• To evaluate the financial impact of new or existing or changed strategies on the service provider.
• To manage the provision of IT services by securing funding.
• To facilitate good stewardship of service and customer assets, together with amalgamation of service asset and configuration management and knowledge management, to ensure the organization meets its objectives.
• To understand the relationship between expenses and income and ensuring that both are balanced according to the organization’s financial policies.
• To managing and report expenditure on different types of IT service provision.
• To execute the financial policies and practices in the provision of services.
• To account for money spent on the creation, delivery and support of services.
• To forecast the financial requirements for the IT organization to be able to meet its commitments to its customers, and compliance with regulatory and legislative requirements.
• To define a framework to recover the costs of service provision from the customer.

Financial management mainly comprises of three main processes:

Budgeting:

This is the process of forecasting and supervising the income and expenditure of money within the organization. Budgeting also consists of a periodic negotiation cycle for setting the annual budgets and the monthly monitoring of the current budgets.

Accounting 

This is the process that guides the IT organization to account the way its money is invested or used. It includes accounting systems, including ledgers, balance sheets, journals etc. and should be reviewed by trained entity in accountancy.

Types of accounting methods include: 

• Direct cost vs. indirect cost 
• Capital cost vs. operational cost
• Fixed cost vs. variable cost 
• Cost types
• Cost elements
• Cost unit
• Charging

This is the process used to bill customers for the services which are supplied to them. This requires sound knowledge of IT accounting practices and systems.

There are several charging policies (pricing):

• Cost price

Recovery of costs associated with provision of services

• Cost price +

Cost price + a percentage markup value

• Going rate

Deriving charge based on other department’s charges

• Market price

Price charged by a third party provider

• Fixed price

Agreed price independent of actual usage of IT services

IT organizations are increasingly using financial management to assist in the pursuit of:

• Enhanced decision-making
• Speed of change
• Service portfolio management
• Financial compliance and control
• Operational control
• Value capture and creation.

Conclusion: 

An understanding of the cost of IT services to each business unit will allow IT service providers to recover the costs through their services and maintain profitability. Better matching of IT services to business outcomes results in more appropriate and controllable spending models, and more predictable profitability. Thus, each IT service organization in india should have a detailed understanding regarding the Financial management and proper implementation of it.

References :

http://advisera.com/20000academy/knowledgebase/financial-management-services-theory-practice/

Information Security Guide For Government Executives

Information technology laboratory at the national institute of technology and standards has mission to improve industrial competitiveness and innovation in governments, Web development companies india and academia.

This article provides guidelines to the senior leaders to understand how to develop and implement information security.

This executives are responsible for:

• Establishment of organization’s security program
• Setting priorities that supports organizations mission
• Resource management

Consideration of above responsibilities invokes several questions like:

Why should they invest in information security?

What are the key activities that can build effective information security program?

These guidelines provide solution of this questions.

Question: Why do I need to need to invest in information security?

Solution: It gives certain benefits like

• Business success/resilience:  Organization can ensure that vital services are delivered in all the operating condition for software application development company.
• Ensures confidentiality, integrity and availability of the assets.
• Increased public confidence and trust: It is used to build public relations.
• Performance enhancements and more operative financial management. Specific performance gains and financial savings are appreciated by building safety into systems as they are established, rather than adding controls after the systems are functioning—or in a worst case, after an organization has had a safety breach or incident.
• Managers may be held accountable at software application development company.
• Central executives may face managerial and/or legal actions for not fulfilling with security orders. Security is ultimately the accountability of executive leaders such as agency heads and program administrators.
• E-government goals and purposes can be realized, leading to a better ability to deliver products and services automatically. Actual security provides the integrity and accessibility necessary to meet challenging customer service requirements.
• Security is combined within your business processes to safeguard your information and the assets that support your agency. Leaders should deploy proactive safety to enable mission delivery and enhance value to the organization, rather than view it as an afterthought or as a reactionary mechanism to legislation, regulation, and oversight.
• Risk management practices mature and become an integral part of doing business. The principal goal of an organization’s risk management process is to protect the organization and its ability to perform its mission, not just its information assets. Therefore, the risk management process should be treated as an essential management function of the organization, rather than a technical function carried out by system administrators.

Question: Where do I need to focus my attention in accomplishing critical information security goals?

Solution: The following points are critical to managers’ success in achieving information security goals:

• Strong leadership is the groundwork to build a successful information security program. Executive leadership establishes an active promise to the information security program. This requires visible contribution and action; ongoing announcement and defending; and placing information security high on their agenda.
• Good business practices lead to good security for custom application development company india. Active business management in the government should focus on bringing services to the people. Executives must align strategic info security initiatives with an activity’s mission and integrate info security into all business goals, strategies, and objectives.
• Be practical vs. reactive. Information security programs need to be established and applied based upon effective risk management processes. Weaknesses and vulnerabilities must be resolved. Executives should ensure that the overall programmatic focus remains on proactive security and the deterrence of tomorrow’s problems.
• Develop investors/support within the policy-making ranks and focus their efforts on partnership and cooperation vs. stovepipes and competition. By leveraging support within the executive ranks, security can be increasingly viewed from an enterprise perspective. Sharing responsibility for security facilitates combination of security into agency business and planned planning processes in a reliable and complete manner.

Question: What are the info security laws, rules, standards, and guidance that I need to understand to build an effective security program?

Solution:

• Start agency-level responsibilities for information security;
• Outline key info security roles and responsibilities;
• Found a minimum set of controls in info security programs;
• Specify compliance reporting rules and procedures; and
• Offer other vital requirements and guidance

Conclusion: 

Information Security for Government Executives provides a broad overview of information security program concepts to assist senior leaders in understanding how to oversee and support the development and implementation of information security programs. These guidelines also help software development companies to deliver secure products and services.

Reference: http://csrc.nist.gov/publications/nistir/ir7359/NISTIR-7359.pdf

The Importance of Wearing the Correct Safety Equipment at Work Part 2

1)   Safety vests

This is one of the common equipment for ecommerce solution providers india that one comes across in an important highway or parking lot. The use of safety vests is in several industries including the construction industry. Safety vests come with a wide range of assortment and it is ideal to buy a safety vest which complies with ANSI and ANSI class 2 standards.

2)   Respiratory protection

Any typical respiratory protection equipment offers protection in two basic ways. The first way wherein the wearer is protected from contaminants present in the air. Dust pollution is inevitable in a construction site. The respiratory protection equipment of this kind encompass “gas masks” that filter out gases and chemicals; and “particulate respirators that filter airborne substances. Apart from this, there are respirators that protect the worker through supply of clean respirator air from a different source. Some of the respirators that come in this segment include, self – contained breathing apparatus (SBCA) – it contains its own supply; airline respirators – it makes use of compressed air from a far off source. Leading manufacturers of respiratory protection equipment provide half – mask respirators and disposable masks in their assortments.

NIOSH has come out with recommendations and guidelines to use respirators. Hence, the respirators should be bought only if their industry type (construction in this case) approvals are complied with NIOSH federal respiratory regulations 42 CFR part – 84.Development of safety respirators are in tune with several with partners from the construction industry and government. The dealers can be approached in this regard for selecting the ideal respirators for the workers which are compliant with the above – mentioned standards.

3)   Hearing protection

Generally, the workers are that are working in e commerce solution providers in india exposed air tools, heavy equipment or machinery, and common hazards in a construction site. Apart from the physical risk they are exposed, hearing impairment is also possible if proper care is not taken in protecting the worker’s ears. The noise created from the operations of this machinery can potentially damage the hearing ability of the worker for life. There are various kinds of hearing protection equipment like ear muffs, ear plugs, disposable foam ear plugs which are very economical too. The cost of these equipment is mostly less than half a dollar per pair.

4)   Helmet

Hard hats otherwise known as helmets are one of the most commonly used safety equipment in any industrial setup. They ensure to protect the head from bumping into falling or low ceiling objects while providing a safe cover to the head.

5)   Safety gloves

Safety gloves are essential equipment in a construction industry wherein the workers are required to handle with hazardous and harmful chemicals or hot substances. Several types of gloves are available for construction workers that cater different requirements. Some of them include cotton gloves that are heat resistant are ideal for all basic operations while chemical gloves and welding gloves among others are used specifically used based on the kind of operation.

6)   Safety harness

Some of the important operations in a construction site consist of painting, maintenance operations, hoisting and other related activities. This requires the worker to work on elevated platforms which are at a significant distance from the ground. This necessarily comes with a huge amount of risk when proper safety measures are not adopted. Safety harnesses are designed for this purpose which has the objective to prevent falls and guarantee that safety of workers. With this safety harness, the worker is connected safely to the lifeline system

7)   Safety goggles or glasses

One of the most sensitive parts of a human body is the eyes. Serious eye injuries are possible when they are exposed to harmful working conditions on a continuous basis. Safety goggles or glasses should be worn when distributing or preparing chemical mixtures, and also at the time of welding operations. The type of material used in these goggles or glasses varies accordingly with the type of activity during which these equipment are used by the workers.

Conclusion

Though unpredictable accidents or potential hazards are inevitable in a construction industry, these things can be overcome by providing the workers that are working in custom ecommerce solution providers india with the basic safety equipment mentioned above. This not only increases productivity but also safe guards the life of skilled workers who are exposed to these effects constantly

Courtesy : Aagam Shah

5 Big Mergers, Acquisitions and Spinoffs

1.  Yahoo!-AOL Merger 

Yahoo Merged with AOL

          It is by no means a sure thing, but if activist Starboard Value gets  its way, Yahoo! CEO Marissa Mayer's ambition of building Yahoo! back into a web titan will be derailed. Instead, the struggling Internet pioneer will be sold off and combined with another Internet 1.0 mainstay: AOL. This ecommerce service providers in india would likely entail AOL CEO Tim Armstrong taking the lead role in the merged company, given his reputation as an operations whiz. Although dealmakers have speculated a Yahoo!-AOL merger could be in the works -- there is little to report so far. But should a deal take place, it's likely to be a multi-billion-dollar deal and provide a windfall in advisory fees to the participating banks.

2.  eBay's Breakup

Paypal

          Activist shareholder in ecommerce service provider in india Carl Icahn finally won his war against venture capitalist and former eBay board member Marc Andreessen -- now that PayPal will be spun off of the online marketplace in 2015. With four quarters of rising revenue trailing at more than $7 billion, Goldman Sachs is set for a big payday as eBay's advisor. Already, eBay's market capitalization has swelled past the $70 billion mark, and a PayPal IPO is expected to be one of the biggest -- if not the biggest -- initial public offering in the first half of 2015. eBay's announcement that it would spin off PayPal proved immediately accretive for its stock, but don't expect a huge pop in its share price until the PayPal spin off date draws near.

3.  Hewlett Packard split

hp breakup with EMC

          Not every big breakup is spurred by an aggressive outside investor.Hewlett Packard decided to break itself up,before any outside hedge fund could lay siege to the 75-year-old tech titan. The ecommerce service providers india company is cleaving off its consumer businesses, such as printers and laptops, from its corporate services division. The corporate services division will be operate under the Hewlett-Packard Enterprise group. Even as this multi-billion dollar breakup continues into the new year, more M&A could be on the way once its split has been completed: Hewlett-Packard Enterprise has been suggested as a possible acquirer of Massachusetts IT storage giant EMC HP's anticipated split comes as it abandons a five-year turnaround plan -- suggesting it would not succeed in its long-term goals -- and against a backdrop of gains nearing 45% in the public markets.

4.  VMware

vmware merged with EMC

          Virtualization software company VMware is coming under pressure from activist investor Elliott Management, which is pushing storage giant EMC to sell its holdings in VMware. EMC, which owns an 80% stake in VMware, will likely look to offload its holdings in VMware in the New Year. Some market watchers like custom online shop developers in india have speculated that VMware could be acquired, if EMC is willing to sell its stake. With enterprise service providers looking to upload an increasing number of clients' data and information into the cloud, VMware, which underperformed the markets in 2014, could find itself coveted among strategic bidders. If that happens, look for its price tag to cross the $40 billion mark.

5.  TCS- CMC

TCS with CMC

          Tata Consultancy Services (TCS), the $13 billion flagship software unit of the Tata Group, has announced a merger with the listed CMC with itself as part of the group’s renewed efforts to consolidate its IT businesses under a single entity.At present, CMC employs over 6,000 people and has annual revenues worth Rs 2,000 crores. The deal was inked a few days back with e commerce service providers india. TCS already held a 51% stake in CMC.

The Importance of Wearing the Correct Safety Equipment at Work Part 1

Safety is of paramount importance for construction workers for the degree of hazards or probability of risk for ecommerce solutions providers in india that they exposed to, in their daily work life. The working conditions are that contain heavy-duty operations enables the working conditions with frequent or common injuries. Also, the productivity losses due to such incidents are huge while incurring costs in health bills for the workers who witnessed such accidents. Bearing all these concerns in mind, several construction companies have long back rearranged their priority lists in a construction site, apart from focusing only on the workers’ productivity and timely completion of work. They strive to ensure a safe and healthy environment for their workers to work with. The safety requirement of every construction company vary even sometimes it varies with the type of construction project they’ve undertaken. Based on the working conditions, they priorities their safety equipment requirements and also type of hardware involved in the operation. For instance, marine riggers use different safety gears from that used by the construction riggers. Thus, it is essential to choose safety equipment based on the type of risks, the construction workers are exposed to.

Safety equipment encompass fire detection kit, personal protection equipment, and life – saving kit for ecommerce solution provider india. All these equipment are designed to safe guard the workers from several potential injuries like burns, cuts, vision or hearing loss, and falls among others. Here are a few basic personal protection equipment that every individual construction worker should be provided to wear during on – site construction related operations.

1)  Safety clothing

Safety clothing is quintessential for Workers who are employed in a potentially hazardous construction site.  The kind of clothing or footwear can be chosen based on the type of work, every individual worker does. In the recent past, there is a wide range of safety clothing is available for workers in construction sites. Some of them include: specially manufactured T – Shirts, vests, jackets, trousers, shorts and safety footwear. These clothing protect the workers from chemical splashes, welding sparks, hot water, oil, etc. One of the important clothing parts is the protective clothing which should be definitely considered when there is a possibility of fire accident in the operation.

2)  Safety Shoes

The floor of a construction site is always littered with hazardous or hot chemicals, cement, sharp components which are likely cause burns, cuts, or bruises to the feet of any worker that are working at custom ecommerce solution providers india. Safety shoes are resistant to slippage while providing a firm grip on the ground which encourages the workers to do all the activities safely.

3)  Safety jacket

Before buying a safety jacket, the following are the things that are to be considered. Inspection of material used to make the safety clothing. The material should work effectively on order to sustain a reasonable temperature. The modern day safety jackets come with multi tool pockets while being water repellent. Light weight safety jackets are available to ensure that the work do not feel the burden in wearing the safety jacket during work. Any safety jacket should be durable, windproof and of course, functional!

4)  Safety footwear

Apart from safety jackets, safety footwear is equally important to the secure the feet of construction workers when they are at work. This safety footwear is exclusively designed for protecting the feet in harsh environments. Leather is used at times to manufacture safety shoes. It is tough material while providing protection to the worker’s feet. With a par of safety footwear is in place, the probability of getting hurt gets reduced significantly. Hence, it is very important to ensure appropriate safety clothing for the workers while working.

Information security processes and procedures

Information security

With COBIT 5, ISACA introduced a framework for information security. It includes all aspects of ensuring reasonable and appropriate security for information resources for ecommerce solution providers in india. Its foundation is a set of principles upon which an organization should build and test security policies, standards, guidelines, processes, and controls:

1. Meeting stakeholder needs.
2. Covering the enterprise end-to-end.
3. Applying a single integrated framework.
4. Enabling a holistic approach.
5. Separating governance from management.

Principle 1: Meeting stakeholder needs

A group of stakeholders includes any individual or group affected by the current state or future state of a process, system, policy, etc. Stakeholder analysis is the process of identifying stakeholders so that their input can ensure outcomes match requirements. This is an important step in both project planning and risk management. Failure to involve all stakeholders, including InfoSec and audit teams, usually results in less than optimum outcomes at best. Worst case outcomes include failed projects or material audit deficiencies.

Successful stakeholder analysis results in maximizing benefits, minimizing risk to or beyond expected outcomes, and optimizing resources. Further, ensuring integration of business and information assurance requirements into the development or acquisition of a solution is always preferable to trying to “hang” something onto a finished—but incomplete—system, network, or a physical controls framework.

Principle 2: Covering the enterprise end-to-end

Information security is often applied as series of point solutions, as defined in more detail in Principle 3. However, general application of security and assurance best practices requires security reviews as part of all business processes and IT development and implementation activities. This isn’t just a horizontal integration. Rather, all levels of management must include InfoSec in every business strategic and operational planning activity.

For example, a department vice president might implement a new business process without consulting audit or security for Custom eCommerce solution providers

• If the organization has a solid security program, the VP is aware of and supports it, and C-level executives are clear in their requirement that each business process must conform to the program, then the new process will likely meet expected security outcomes: even without security and audit reviews. However, engaging InfoSec and audit teams to review major process changes is always a good idea: regardless of how “safe” or “insignificant” the change appears.

Principle 3: Applying a single integrated framework

Application of security controls is often a point-and-shoot activity. Many organizations tend to fix specific issues without stepping back and applying policies and controls that impact multiple vulnerabilities in network or system attack surfaces. Designing a complete framework for ecommerce solution providers india

 includes all aspects of information storage, flow, and processing, providing a foundation for more efficient control implementation.

Figure A

Controls Matrix

One method of ensuring optimum use of controls is creation and management of a controls matrix for custom ecommerce developers, as shown in Figure A. A matrix should include areas of interest and critical controls, either developed during risk assessments or by using standards of best practice:

• COBIT 5 for Information Security
• ISO 27001

A framework supports a holistic approach to securing an organization.

Principle 4: Enabling a holistic approach

As support for developing an integrated framework, it’s important to see information security as a set of related components: not as set of silos. Each component is driven by enablers and other factors affecting organization risk. COBIT 5 for Information Security provides a list of enablers and describes how they interrelate as shown in Figure B. Enablers help organizations which are custom online shop developers, integrate operations and security into the outcomes of all principles defined here. As always, this is done in a way to meet stakeholder requirements.

Figure B

Enabler Integration

• Both IT and business teams use processes to get work done with consistent outcomes. Security teams must include how work is done when designing a security framework and program.
• An organizational structure (a management hierarchy) is designed to monitor and reach strategic and operational objectives. Leaders (decision makers) from each level are typically stakeholders in business processes and expected outcomes.
• An organization is a living entity, with its own culture, ethics, and behavior as exhibited by its employees. Changing the way employees see their working world is not easy and must be considered when trying to secure the workplace.
• Information is what we attempt to protect… and it is usually everywhere. In most cases, information is critical for business operations for e commerce solution provider, and must be available when and where needed. Further, access to the data should not come with unacceptable response times caused by poorly designed security controls.
• IT delivers information via services, infrastructure, and applications.
• All security control implementations require attention to people, skills, and competencies: both in and out of IT. For example, is it more appropriate to enforce a policy with technical controls, or are the employees able administratively to meet expected risk outcomes?
• Principles, policies, and frameworks provide the means to integrate all enablers into an overall solution resulting in secure operational success. The enablers help achieve the outcomes expected when developing principles, policies, and frameworks.

Principle 5: Separating governance from management

This principle establishes a line between setting objectives and measuring outcomes. According to COBIT 5 for Information Security:

“Governance ensures that stakeholder needs, conditions, and options are evaluated to determine balances, agreed-on enterprise objectives to be achieved; setting direction through prioritization and decision making; and monitoring performance and compliance against agreed-on direction and objectives.

While governance and management are separate functions performed by designated teams, they must support each other. Governance defines outcomes and management implements technology and processes to meet those outcomes. Governance then determines if outcomes are met and provides feedback to help management make necessary adjustments.

Takeaways

1. COBIT 5 for Information Security provides a comprehensive framework for  e commerce solution provider india, for integrating security into business processes.  It also provides a set of enablers that, when applied, help ensure stakeholder acceptance and efficient business operation.
2. Organizations must integrate security into every facet of management and operations. This begins with identifying all business processes and associated stakeholders, including audit and InfoSec teams.
3. Point-and-shoot approaches to managing security will not achieve the best overall results. A holistic approach—one that defines a complete framework used to integrate new controls or vulnerability remediation—is necessary for both security and financial efficiency and efficacy.

Author signature : Aagam Shah