Wizards’ Corner

Investment risk management is crucial for any investment firm that wants to succeed in today’s competitive and complex market. However, managing investment risk is not an easy task, as it involves facing various challenges and difficulties that are affecting the performance and reputation of the firm. In this article, we…

My last update on the growing Technology Gap that exists in many firms was the third in a series of three discussing actions you can take to promote a plan to start upgrading or replacing technology solutions that no longer meet your operation’s current and evolving needs in an increasingly…

In my last update on the growing Technology Gap that exists in many firms, I wrote about conducting regular software audits. These can identify licenses and even full applications that can be retired, help to manage costs when you renew contracts by eliminating unused features, or by consolidating contracts for…

In my last update on the growing Technology Gap that exists in many firms, I wrote about the benefits of developing a Strategic Technology Plan. This is, I believe, one of the best ways to identify your technology needs and build consensus on the required actions and timing for their…

I have received a fair number of comments on my article about the Technology Gap that exists in most companies, one that grows larger over time, along the lines of: “So, what do we do about this?” Over the next few days, I am going to share three ideas with…

Most organizations focus on generating profit, which is appropriate as companies need to make money to stay in business. However, the pursuit of profit, particularly immediate profits, with other needs excluded, can be detrimental to long-term market success. In many firms, the costs required to maintain technology systems are deferred…