Agility with Good Governance

ClockworkIs it One or the Other?

There are few people who would argue that agility isn’t a good thing for their business. Equally there are few people who would argue that good governance isn’t a good thing for their business. So why do so many people think that governance and agility are opposing forces?

At Fifth Step we believe Continue reading

Building for an Exit

Maze with entry and exitStarting with the End in Mind

The founders of many startup organisations have the dream of selling their organisation one day, perhaps to a big company like Facebook, Google or Microsoft, particularly if they’re a technology based company. The recent sale of Instagram, a 2 year old company, to Facebook Continue reading

Business Continuity the Business Advantage

Think outside the boxThinking Differently

One of the biggest advantages that you can have in business is to have access to people who can think differently. For example, when we first start working with our clients on Business Continuity Planning and Disaster Recovery, they often Continue reading

Mid-Size Businesses and the Importance of the CIO

Spending More?

As with the rest of the economy, IT spending has certainly reduced from it’s peak a few years ago, however it is on the rise again with Gartner predicting IT spend in 2012 to rise by 5.2% (excluding exchange rate fluctuations), across all sectors with the exception of spending in public/governmental sector which will shrink by 0.8%.

What is particularly interesting is that Continue reading

What Use is a Virtual IT Director?

Virtual What Now?

A Virtual IT Director or Virtual CIO is an outsourced IT executive who provides IT expertise to organisations that can’t find – or can’t justify – a full-time member of staff.  They allowing your organisation to benefit from decades of knowledge experience for a fraction of the cost of employing a permanent IT director or an interim manager.

Being a flexible resource, it means that they can be onsite once a week or more often as needed, and that their time will naturally change Continue reading

Have you got Enough Bandwidth to Last Beyond the Olympics?

Olympic City, UK

If you’re spending any time in London at the moment, it impossible not notice the amount of construction work that is underway. This ranges from the number of high profile buildings that are being built (such as The Shard, and The Cheese Grater, The Bishopsgate Tower), to an above average number of roadworks projects Continue reading

Business Continuity, its not just about Disasters

A Disaster by Any Other Name

The clue is in the name really, but many people consider Business Continuity (BC) to be keeping a business running after a crisis or incident (see our previous post The Biggest Secret of BCP). This is of course true, but the definition of what  makes a crisis Continue reading

Reduce your Spend on Solvency II

How can we Reduce our Spend on Solvency II?

This is a question that is on increasingly on many lips – especially with the news that the plenary vote on the Omnibus II legislation may be further delayed (it had previously been delayed from to the 2nd July, but was further delayed at the end of last week to the 10th September 2012).

There are a number of steps that firms can take to reduce the cost of their Solvency II projects, Continue reading

Business Intelligence and Big Data

Business Intelligence?

Business Intelligence, Management Information, Data Analytics and Data Warehousing have been business buzzwords for some time but more and more organisations are recognising the value and opportunities that exist in the data that they already have or already collect. This does however have to be done sensitively, particularly when using personal information  (a powerful example Continue reading