What's IT Governance and What Companies Need to Know About It? by Sonali Datta

Jul 11, 2019

Introduction

Technology and innovation are the lifeblood of any organization, big or small, global or local and hence the importance of an IT team within a company cannot be underestimated at any cost. This is the team that regulates communication, information flow, and technology usage within the entire organization amongst all stakeholders. In fact, modern organizations depend heavily on their IT teams, without which they become dysfunctional. Having said that, it is important to ensure that companies have an invincible IT governance framework and structure in place that would provide the IT team with a direction that is strategic to the overall business objectives of the organization. A well-structured IT governance implies that IT investments are reasonably realized with legitimate returns and it also builds the groundwork for robust enterprise information security.

What is IT governance?

IT governance can be defined as a set of processes and policies that drive a company and its employees to effectively and judiciously leverage IT to achieve the overall business goals. Through a well-structured IT governance framework, companies are able to imbibe processes that oversee the entire circle of IT operations, management and production – including elements like implementation of IT policies, information security, measurable business benefits, IT compliance, business regulations, IT investments and performance, IT usage by employees, integration of tools, software and platforms, IT risks and security concerns.

The IT governance process is fixed....

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