IT governance addresses the growing complexity and threat that are the hallmarks of IT operations. Compared to just a few years ago, business processes are more complicated; technology is more powerful, functional, and ubiquitous; and attacks on corporate systems, from within and without, are more frequent and sophisticated. In general, IT governance ensures that the company’s technology assets and the information they contain are known, available, credible, and protected. Since legislation seeks the same goals, good IT governance must be aligned with regulatory compliance. Beyond that, however, the business bene?ts of IT governance and strategy include:
- Better alignment between business and IT strategy
- More informed, practical decisions about technology investments
- Greater agility in meeting shifting business demands, and a stronger foundation for innovation
- Better measurement and control of costs related to information systems and their protection
- Lower risk of non-compliance with regulatory requirements
- Lower risk of serious business disruption from events
- More healthy organizational relationships and reputation with directors, business staff, customers, and partner organizations
Recognizing the ROI of IT governance is an important step in meeting governance goals. Many governance controls such as network mapping, master data management, and asset inventories, have substantial costs. While good IT governance might be touted as its own reward, the ability to tie its concrete costs to equally concrete returns is itself a good IT governance practice.
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