Increased complexity, speed, interconnectivity and globalisation mean that information technology (IT)—more than ever—can involve huge costs and enormous risks. At the same time, IT offers extraordinary opportunities to enable and transform the business. Cost, risk and opportunity not only make IT strategic to enterprise growth, but also render it essential for enterprise survival.
Many believe that IT will be the major driver for economic wealth in the 21st century. While this may be open to debate, it is clear that enterprises rely on IT for their competitive advantage and cannot afford to apply to IT anything less than the same level of commitment they devote to financial supervision and overall enterprise governance.
At its core, IT governance is concerned about two responsibilities: IT must deliver value and enable the business, and IT-related risks must be mitigated. IT presents the extremes of both—very large investments and critical, potentially crippling risks. At the same time, it offers exceptional opportunities for growth and renewal.
Governance of IT encompasses several initiatives for board members and executive management. They must be aware of the role and impact of IT on the enterprise, define constraints within which IT professionals should operate, measure performance, understand risk and obtain assurance.
CobiT is a de facto standard. CobiT is a framework for IT Governance. Around CobiT, there has been built an array of tools making it easier to select the focus for company governance implementation dependent on the actual strategy.
Of cause our IT Governance consultants are CobiT certified. We are also members of ISACA, the organization behind CobiT.
