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Mieze and Dave, both CIOs, managed IT risks differently. Mieze didn't consider the risks of software developers no longer supporting critical systems, while Dave used a software escrow solution to protect business critical systems. This solution involves independent specialists holding and testing a copy of the software, ensuring company protection if the supplier is unable to support their products. Whether systems are locally installed or cloud-based, an escrow arrangement gives control in unforeseen circumstances, providing peace of mind for the CIO.
