In a world increasingly dominated by cloud computing and outsourcing, vendor management has become a core competency of running a great IT department. Here are three things you need to know about choosing the right tech partners.
1. Know how to navigate lock-in
Naturally, most vendors are going to do everything they can to lock you into their ecosystem and make it difficult for you to leave once you sign the contract. No matter what add-ons and discounts they offer, make sure you actually calculate the value of what you're getting versus the penalties and additional costs you'll incur if you have to change horses in the future.
2. Don't make a decision without peer input
Never sign a contract without talking to other companies that have worked with the vendor. Sure, talk to the ones they offer as shining examples. But, also do your own research and talk to at least a couple companies that the vendor didn't put forward in order to get a more balanced view of what kind of partner you're dealing with.
3. Make sure cybersecurity is part of the plan
Many of the most infamous cybersecurity breaches in corporate history have been caused by weak links between partners. Make cybersecurity standards a prominent factor when making deals with vendors and don't be afraid to ask for a cybersecurity audit before signing on the dotted line.
The Monday Morning Opener is our opening salvo for the week in tech. Since we run a global site, this editorial publishes on Monday at 8:00am AEST in Sydney, Australia, which is 6:00pm Eastern Time on Sunday in the US. It is written by a member of ZDNet's global editorial board, which is comprised of our lead editors across Asia, Australia, Europe, and the US.