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	Free Technology Audit
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Free Technology Audit

A technology audit is generally intended to help an organization identify where its systems are costing more than they need to, do not perform their function effectively, or present a risk to the organization due to an inability to recover from a loss or corruption of data or disruption to the services they provide. A technology audit can be critical to identifying, and thereby remedying any deficiencies in systems before they can harm the business. For example, it will allow you to assess whether your IT spending is effective, whether your systems function as well as they should and whether your technology efforts are aligned with your business objectives.

InfoHedge will provide a senior technology expert(s) with in-depth Hedge Fund industry expertise to conduct the discovery and provide an audit report. The process usually takes form one to several days. InfoHedge will spend this time working with the management team or the IT department to study the business processes and the technology that supports these processes.

The final Audit Report will include items that:

• Identify any areas of concern that either the management team or IT department have. Views need to be exchanged in confidence with the consultant. By drawing out hidden concerns the audit can help address these issues without creating bad feeling within the organization.
• Examine licensing, support and maintenance costs and identify where the IT budget is really being spent. This enables organizations to put some key measures in place to determine the cost effectiveness of its systems, an important part of the process of increasing efficiency.
• Determine the functional effectiveness of the systems and whether servers, networks and desktops are correctly specified for the tasks they perform. Often organizations will overspend on technology. This represents wasted investment, that is, for the function it performs it can never deliver a full return on investment. At other times, older systems are unable to cope with the demands placed on them, slowing the organization, thereby diminishing their return on investment by creating inefficiencies.
• Assess how prepared the organization is for critical risks, such as server or network outages, or even more serious disasters, such as a fire in the server room. This determines the organizations capability to recover from circumstances outside of its control and assesses the ability of the IT department to restore services.