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| Thought Paper |
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IT Governance: The Ultimate IT Weapon |
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| Abstract |
Alignment of IT with business goals with control over IT costs has always been a top
priority for CIOs. It has also become important for enterprises to show good results and
strong governance not only from the overall business perspective but from the IT
perspective as well. Today, IT has become an integral part of business and must be
treated like a 'business within a business'.
But even as IT is evolving to meet demands of enterprises, new governance and
compliance requirements are impacting enterprises. In a regulated environment,
shareholders have become more demanding and are paying more attention to governance
and compliance strategies of an enterprise. Organizations are required to provide an
assurance to the accuracy and integrity of both financial reports and core business
processes.
Not surprisingly, organizations having good governance strategies in place are valued
highly by shareholders and have good market capitalization. Today, good governance is
crucial to drive more business value with less cost and maintain high service levels. With
the vast majority of this information residing in IT systems, effective control and
management of these systems has become essential - hence the current focus on IT
Governance. IT Governance is a crucial weapon that every organization's IT force should be armed with to meet these increasing demands.
This paper highlights the best practices for implementing an effective IT Governance strategy and describes how IT Governance tools can help organizations streamline their IT strategy and execution with business goals.
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