The latest updates from our team of experts. Find out what’s happening here at 6fusion and our take on the industry at large.
The best way to understand how something is functioning is to have a clear understanding of all of the components that make up the particular thing in question. From a vehicle to your home’s HVAC equipment, the more you understand the intricacies of how a system is supposed to operate, the more you’ll be able to facilitate the best environment for said system to thrive in.
When it comes to business technology maintenance, IT governance is important.
“IT governance is a formal framework that provides a structure for organizations to ensure that IT investments support business objectives. The need for formal corporate and IT governance practices across U.S. organizations was fueled by the enactment of laws and regulations, including the Gramm–Leach–Bliley Act (GLBA) and the Sarbanes-Oxley Act, in the 1990 and early 2000s that resulted from the fallout from several high-profile corporate fraud and deception cases.
Why do organizations implement IT governance infrastructures?
Organizations today are subject to many regulations governing the protection of confidential information, financial accountability, data retention and disaster recovery, among others. They’re also under pressure from shareholders, stakeholders and customers.
To ensure they meet internal and external requirements, many organizations implement a formal IT governance program that provides a framework of best practices and controls.
How do you ensure a smooth implementation and positive results?
One of the most important paths to success is with executive buy-in. Calatayud recommends forming a risk management committee with top-level sponsorships and business representation. “To ensure it’s an effective program, it needs to be supported by a broad set of line of business leaders.” He also recommends sharing results with the board or audit committee to “develop real attention when items begin to get ignored.”
As with any significant project, you should always keep communication lines open between various parties, measure and monitor the progress of the implementation, and seek outside help if needed.” (Kim Lindros, cio.com)
Here at 6fusion we believe that transparency with how your business is managed, in order to optimize more effective functions is key. Learn more about how we can help your business facilitate positive growth with better management through our intuitive tech software and analytic reporting.