Best Practice Webinar: Cloud Computing vs. In-house IT - the decision to deploy risk management software

Cloud Computing or the provision of Software as a Service (SaaS) has emerged as part of a prominent trend towards Internet-based automated services, particularly in the enterprise software space. This licensing model reduces the strain on IT budgets and can ultimately reduce the total cost of ownership due to scale, focus and experience. However, despite this, there are many reasons why in-house IT management or  a perpetual licensing model is still a popular choice in the purchase and deployment risk, event and compliance management software.

Cloud computing involves the delivery of SaaS hosted services over the Internet. A cloud service has three distinct characteristics. It is sold on demand; it is elastic (a user can have as much or as little of a service as they want at any given time); and the service is fully managed by the provider (the consumer needs nothing but a personal computer and Internet access).

In-house IT management is based on perpetual licensing and hosting, whereby an organisation purchases the right to use the software and internally bears the cost of hardware, people services such as IT professionals, and the costs and risk associated with designing and maintaining a secure system to protect the software from unauthorised use. 

Although organisations may be aware of these licensing options, many decision makers do not have a clear and in-depth understanding of what they entail. This webinar provides key information on these software licensing options and how an organisation can decide on the best approach to implementing enterprise risk management software.

Why attend?

This educational webinar will define both types of licensing and the decision drivers for an organisation in each case.

Key benefits of attending:

·         Understand the key differences between cloud computing and in-house IT management

·         Learn about the advantages and drawbacks in each case

·         Learn about the main decision drivers that influence organisations in the deployment of risk management software

·         Understand RMSS’ licensing options

·         Utilise recommendations for decision-making in best practice risk management software deployment.

About your presenter – Andrew Howarth

Andrew Howarth is the founder and CEO of RMSS and has been instrumental in developing a new paradigm shift in risk management called Enterprise Risk Intelligence. Andrew’s achievements include over 18 years in senior risk management roles with multinational organisations throughout Australia and Asia. At RMSS, Andrew’s expertise in implementing Enterprise Risk Intelligence solutions has assisted clients across a broad range of industries to more effectively manage enterprise risk by integrating the previously disparate functions of risk management, event/incident management and compliance. In addition to Andrew's experience in the field of risk management, he has formal qualifications in the form of a Master of Business and Technology (Risk Management) from the University of New South Wales. Andrew is also a regular speaker on risk management and Enterprise Risk Intelligence related topics at various risk and compliance industry seminars and events.