Credentials & Certifications
Our MinOTmen team members carry a multitude of industry standard and professionally recognized certifications and credentials. Please reach out to obtain a listing of our accreditations.
Glossary
Please feel free to reach out to us at info@minotmen.com if you would like to learn more. We’re here to help!
Asset Management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual assets, goodwill, or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes).
Business Continuity Plan (BCP) is the documentation of a predetermined set of instructions or procedures that describe how an organization’s mission/business processes will be sustained during and after a significant disruption.
https://csrc.nist.gov/glossary/term/business_continuity_plan
Enterprise Risk Management (ERM) are the methods and processes used by an enterprise to manage risks to its mission and to establish the trust necessary for the enterprise to support shared missions. It involves the identification of mission dependencies on enterprise capabilities, the identification and prioritization of risks due to defined threats, the implementation of countermeasures to provide both a static risk posture and an effective dynamic response to active threats; and it assesses enterprise performance against threats and adjusts countermeasures as necessary.
Governance, risk, and compliance (GRC) is an operational strategy for managing an organization’s overall governance, enterprise risk management, and regulation compliance efforts. This disciplined approach enables an organization to align its governance, risk, and compliance endeavors to its strategic goals, business objectives, and the technology that enables its operations.
https://www.cio.com/article/230326/what-is-grc-and-why-do-you-need-it.html
Identity and Access Management (IAM) is a framework that enables organizations to ensure only the right people and devices have access to the right applications, resources, and systems at the right time.
https://www.okta.com/blog/2021/04/what-is-identity-and-access-management-iam/
Industrial Control Systems (ICS) is an information system used to control industrial processes such as manufacturing, product handling, production, and distribution. Industrial control systems include supervisory control and data acquisition systems used to control geographically dispersed assets, as well as distributed control systems and smaller control systems using programmable logic controllers to control localized processes.
General term that encompasses several types of control systems, including supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and other control system configurations that are often found in the industrial sectors and critical infrastructures, such as programmable logic controllers (PLC). An ICS consists of combinations of control components (e.g., electrical, mechanical, hydraulic, pneumatic) that act together to achieve an industrial objective (e.g., manufacturing, transportation of matter or energy).
Industrial internet of things (IIoT) is a term used to describe the application of internet of things (IoT) technology in industrial settings. It encompasses the integration of advanced sensors, software, and machinery with internet connectivity to collect, analyze, and act upon vast amounts of data. This data-driven approach enables real-time decision-making and predictive analytics, leading to improved operational efficiency, reduced costs, and improved product quality.
IIoT is a key component of Industry 4.0, the fourth industrial revolution, characterized by the fusion of digital, physical, and biological technologies. It's revolutionizing traditional industries, facilitating the transformation from manual and labor-intensive processes to automated, data-driven operations.
IIoT is not just about technology; it's about leveraging data to drive business results for manufacturers. With IIoT, you can monitor equipment performance, predict failures, optimize logistics, improve product quality, and more. It's about creating a smarter, more efficient, and more profitable industrial operation.
https://www.emqx.com/en/blog/iiot-explained-examples-technologies-benefits-and-challenges
The Fourth Industrial Revolution, commonly known as Industry 4.0, appears to be changing the way businesses function and, by extension, the stakes by which they are forced to compete. Organizations must decide how and where to invest in these new technologies and identify which ones might best meet their needs. Without a full understanding of the changes and opportunities Industry 4.0 brings, companies risk losing ground. For business leaders accustomed to traditional linear data and communications, the shift to real-time access to data and intelligence enabled by Industry 4.0 would fundamentally transform the way they conduct business. The integration of digital information from many different sources and locations can drive the physical act of doing business, in an ongoing cycle. Throughout this cycle, real-time access to data and intelligence is driven by the continuous and cyclical flow of information and actions between the physical and digital worlds. This flow occurs through an iterative series of three steps, collectively known as the physical-to-digital-to-physical (PDP) loop. To achieve this process, Industry 4.0 combines relevant physical and digital technologies, including analytics, additive manufacturing, robotics, high-performance computing, natural language processing, artificial intelligence and cognitive technologies, advanced materials, and augmented reality.
https://www2.deloitte.com/us/en/insights/focus/industry-4-0/overview.html
Information Technology (IT) is any equipment or interconnected system or subsystem of equipment that is used in the automatic acquisition, storage, manipulation, management, movement, control, display, switching, interchange, transmission, or reception of data or information by the executive agency. For purposes of the preceding sentence, equipment is used by an executive agency if the equipment is used by the executive agency directly or is used by a contractor under a contract with the executive agency which: (i) requires the use of such equipment; or (ii) requires the use, to a significant extent, of such equipment in the performance of a service or the furnishing of a product. The term information technology includes computers, ancillary equipment, software, firmware, and similar procedures, services (including support services), and related resources.
Internet of Things (IoT), the vast array of physical objects equipped with sensors and software that enable them to interact with little human intervention by collecting and exchanging data via a network. The Internet of Things (IoT) includes the many “smart,” computer-like devices so commonplace today, which can connect with the Internet or interact via wireless networks; these “things” include phones, appliances, thermostats, lighting systems, irrigation systems, security cameras, vehicles, even animals and cities. Today, smart watches track exercise and steps, smart speakers add items to shopping lists and switch lights on and off, and transponders allow cars to pass through tollbooths and pay the fee electronically.
The IoT simplifies and automates tasks that are complicated and sometimes beyond the scope of human capabilities. The number of connected devices making up the IoT today ranks in the billions.
IT Infrastructure Library (ITIL) is an IT service management framework that outlines best practices for delivering IT services. ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change.
Managed Service Provider (MSP) is a service provider that manages one or more of your business areas to maintain business continuity on a day-to-day basis. MSPs are used as strategic partners to improve operational efficiency of businesses of all types and sizes from small to medium-sized (SMBs) to government agencies and nonprofit organizations.
https://www.forbes.com/advisor/business/what-is-managed-service-provider/
Operational Technology (OT) is a programmable systems or devices that interact with the physical environment (or manage devices that interact with the physical environment). These systems/devices detect or cause a direct change through the monitoring and/or control of devices, processes, and events. Examples include industrial control systems, building management systems, fire control systems, and physical access control mechanisms.
Risk Management Framework (RMF) provides a process that integrates security, privacy, and cyber supply chain risk management activities into the system development life cycle. The risk-based approach to control selection and specification considers effectiveness, efficiency, and constraints due to applicable laws, directives, Executive Orders, policies, standards, or regulations. Managing organizational risk is paramount to effective information security and privacy programs; the RMF approach can be applied to new and legacy systems, any type of system or technology (e.g., IoT, control systems), and within any type of organization regardless of size or sector.
Supply Chain Risk Management (SCRM) is a systematic process for managing supply chain risk by identifying susceptibilities, vulnerabilities, and threats throughout the supply chain and developing mitigation strategies to combat those threats whether presented by the supplier, the supplies product and its subcomponents, or the supply chain (e.g., initial production, packaging, handling, storage, transport, mission operation, and disposal).
https://csrc.nist.gov/glossary/term/supply_chain_risk_management
Vendor Risk Management (VRM) is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance. VRM technology supports enterprises that must assess, monitor and manage their risk exposure from third-party suppliers (TPSs) that provide IT products and services, or that have access to enterprise information.
https://www.gartner.com/en/information-technology/glossary/vendor-risk-management
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