As disruptive technology changes the way businesses operate and communicate internally and externally, companies are facing increasing complexity of governance, compliance and risks. The need for a high degree of agility and transparency in the GRC program is imperative today. But organizations usually respond in a piecemeal way to these new pressures as these compete with the management’s time and available resources. The consummation of IT is also creating a bigger challenge for organizations to establish a comprehensive GRC program with proper governance structure enterprise-wide. The result is a haphazard collage of process monitoring and reporting tools that potentially increases costs and risks.
Here are 5 myths that add mystery to the effective implementation of a GRC program with 5 supporting facts that work:
Winston Churchill quotes, “We shape our buildings; thereafter they shape us”. We can truly extend this analogy to the cloud too. The way the cloud works, stores, governs, secures and manages user data in its varied forms is dependent on its foundation, its shape – its architecture!
Rapid change is the new constant with today’s Enterprises. There is a continuous shift in the technology landscape and the demands of the customers coupled with Enterprises wanting to stay competitive. This changing, fluid environment results in concurrent changes with IT infrastructure. Enterprises today are turning to IT Operations Management to bring order to this complex situation.
The Paradigm Shift in Enterprise IT
Technology is central to the ability of the Enterprise to respond to changes in the market and its customers and to execute its business plans. Today’s IT leaders are responsible for more than overseeing technology breakthroughs but are also integral to advising chief executives about the organization’s business strategy. Similarly, this has also meant that traditionally non-IT departments are also getting more involved in decisions that were earlier the purview of IT – for e.g. Choices regarding edge devices, cloud services and even security policies and plans. It’s clear that several factors are at work in making the IT infrastructure ever more complex and unmanageable.