Risk analysis
Risk analysis and vendor selection are fundamental aspects of effective cloud vendor management. The process of choosing a cloud vendor is no longer merely a technical decision but involves a thorough evaluation of the vendor’s risk profile, security posture, and overall ability to align with your organization’s business goals and risk appetite.
Risk analysis – a key step in vendor evaluation
Risk analysis is the process of identifying, assessing, and prioritizing risks, providing a basis for decision-making. In the context of cloud vendor selection, it helps organizations understand the risks they may inherit from their cloud vendors, enabling them to make informed decisions.
The steps involved in performing risk analysis on potential cloud vendors include the following:
- Identify potential vendors: Compile a list of potential vendors based on your organization’s cloud needs. This list should be broad enough to ensure a wide...
