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In looking across the 2023 business reviews we have seen some strenths and some common weaknesses such as

1. Strengths

• Advanced IT Infrastructure: Well-maintained and modern IT infrastructure that supports efficient business operations. Most organizations are investing in the people and the technology
• Skilled IT Staff: Knowledgeable and skilled IT staff capable of managing and troubleshooting IT-related issues effectively. Training continues to be a critical
• Effective IT Security Measures: Robust cybersecurity measures in place to protect against data breaches and cyber threats, starts with basic policy, procedure and tooling to meet the policy goals
• Integration of Latest Technologies: A general push of adoption of cutting-edge technologies like cloud computing, AI, or IoT to streamline operations.

2. Weaknesses

• Limited IT Budget: Constraints in budget allocation for IT which can limit technological advancements and maintenance.
• Dependence on Specific Technologies: Over-reliance on certain technologies or platforms which could be risky if those technologies become obsolete or experience downtime.
• Insufficient IT Training for Staff: Non-IT staff may lack necessary training to utilize IT resources efficiently, leading to underutilization.
• Scalability Issues: Existing IT infrastructure might not be scalable enough to support business growth or sudden changes in demand.

3. Opportunities

• Technological Advancements: Exploring and incorporating new technologies like cloud services, automation tools, or AI to enhance productivity.
• Partnerships and Collaborations: Forming strategic alliances with tech companies for mutual benefits, like access to better technology and knowledge sharing.
• Remote Work Models: Leveraging IT to enable flexible, remote working models, broadening the talent pool and reducing operational costs.
• Market Expansion: Utilizing IT to tap into new markets or customer segments, like e-commerce platforms.

​ 4. Threats

• Cybersecurity Risks: Increased vulnerability to cyber attacks and data breaches that can jeopardize business integrity and customer trust.
• Rapid Technological Changes: Difficulty in keeping up with the pace of technological advancements which can render current IT systems outdated.
• Competitive Pressure: Competitors with more advanced IT capabilities can gain a competitive edge in the market.
• Regulatory Compliance: Challenges in complying with evolving IT-related regulations and standards, potentially leading to legal and financial repercussions.