Information technology has revolutionized how the world conducts business. Advances in communication, accessibility, automation, data analysis, cloud computing, and more have created a universe of near-limitless technological possibilities. Today, even the smallest organizations are backed by computing power that rivals anything that would have been available only a decade ago. However, through every digital breakthrough, it’s important to remember that IT is only a means to an end; if technology is not helping businesses achieve their goals, then it’s little more than a distraction.
IT governance takes this truth to heart. As the first part of governance, risk, and compliance (GRC), IT governance is putting the structure in place (policies, procedures, and frameworks such as COBIT), which can then be followed testing compliance and accessing risk. Correctly applied, IT governance empowers organizations to manage their essential technologies with purpose, ensuring that all relevant IT platforms, tools, strategies, initiatives, activities, and resources are properly aligned and working towards common objectives.