Blog

Posted by on Jan 15, 2014 in IT Definitions | 0 comments

What is Spreadsheet Risk?

What is Spreadsheet Risk?

Over the last thirty years spreadsheet applications have become one of the most important business tools for organizations of all sizes. They are (arguably) the most popular and powerful software tool used in business today. Their popularity and widespread application can be attributed to the fact that they are easy to use, simple to modify, extremely flexible and can be rapidly applied to suit a variety of different business functions – data analysis, data calculations, data presentation, modelling, accounting, reporting, graphing data etc. Microsoft Excel has been the dominant market player in this space for a considerable time. For many organizations Excel has become an essential tool that is embedded in some of their most critical business processes. Indeed, many business decisions are made based on results coming out of an Excel Spreadsheet.   Introducing Errors – How mistakes lead to risk (and loss) Unfortunately, the key strengths that underline the power of spreadsheet applications are also the source of their greatest weakness – Errors. Errors can take many...

Read More

Posted by on Jul 26, 2013 in IT Definitions | 1 comment

Understanding IP Addresses – IPv4 vs IPv6

Understanding IP Addresses – IPv4 vs IPv6

Internet Protocol (IP) Addresses are one of the fundamental components that enable computer networks (including the Internet) to operate effectively. They provide the means for a variety of devices (e.g. routers, laptops, computers, servers, hosts, smartphones, tablets, printers, gaming consoles etc.) to accurately find and communicate with each other across a given network. What is an IP Address? “An IP Address is a unique identifier for any device connected to a computer network such as the Internet.” Currently there are two versions of IP addresses in use today:     •    IP Version 4 (IPv4)     •    IP Version 6 (IPv6) IP Version 4 (IPv4) IPv4 was first deployed on January 1, 1983 and is still the most common format currently in use today. IPv4 addresses are displayed in a dotted-decimal format that contains four octets with numbers ranging between 0 – 255 (e.g. 54.225.229.200). Based on this quad-dotted notation there are two simple methods to determine the total number of possible IPv4 addresses. Method 1: – Simple combination with replacement An IPv4 Address...

Read More

Posted by on Apr 4, 2013 in Cloud Computing, IT Definitions | 0 comments

What is Cloud Computing?

What is Cloud Computing?

Cloud computing has the potential to completely revolutionize how technology is delivered and utilized by both business and personal users alike. However, ask a handful of IT experts to give you a definition of cloud computing and you are likely to receive a variety of answers that leave you scratching your head. This is not altogether a bad thing. Lively debate amongst experts indicates that cloud computing is still somewhat of an evolving concept. As such, the scope of cloud computing is likely to continue to change as its adaption, influence, innovation and maturity grow in the marketplace. However, in the here and now, this inability to articulate a consistent message has caused widespread confusion about the role and benefits of cloud computing. It is difficult to apply in the real world something that is still not clear in a theoretical sense. At the heart of the issue lies the fact that cloud computing covers a very broad spectrum of activity. It incorporates a myriad of IT capabilities. These...

Read More