Efficient IT Governance is crucial to get the maximum benefit from your IT department and ongoing Investment in information technology. It has been observed that an organization with a better IT Governance tends to achieve 30 per cent more as compared to companies without IT GRC.
The honest truth is that bad guys will always exist in this planet irrespective of the global human development, leading to IT risk exposure for more and more business.With more and more consumers using technology in silos, the risk to expose they’re personal financial and health data is increasing multifold. To control these government institutions are passing new regulations across the world to protect threats rising form competitive business who are looking to get a share of the pie.
It becomes a responsibility for these business houses to comply with such regulations else there is a huge penalty clause involved.A well defined GRC strategy can help the organization to cut cross team silos with more visibility and better decision making.