Has your firm performed an analysis on data governance, IT governance and risk management strategies?
Data governance is critical especially as firms move to the cloud; data is an asset that needs to be protected and used properly. IT Governance ensures consistency and compliance and can assist in risk management. Done properly, IT Governance facilitates faster, better execution thru visibility and formal decision making.
Investing in defining and implementing data/IT governance and risk management strategies are critical in enabling IT to become a competitive advantage for supporting business goals and objectives. These core strategies empower IT to use consistent data terminology, effectively plan the IT roadmap based on business goals and objectives, and help the organization avoid taking unacceptable risks, through effective risk management.
Any company today has threats from everywhere (internally and externally). Analysis provides meaningful and insightful reporting and business intelligence.
What issues are you addressing today in your organization? Is it a blend of business, strategic, leadership, and technology?
Here is my list (in no particular order) of issues facing CIOs today:
Securing of sensitive data
Compliance and information risk management
Increasing regulatory oversight
Willingness to share information and adopt best practices across the organization locally and globally
Enterprise resilience to guard against disruptions
Fully Integrating of applications and software across the enterprise while lessening the overall maintenance and upkeep
Cost-effective IT operations and compelling ROIs for tech investments
Effective governance practice
Staff hiring and retention
Being aware of challenges and issues is important for any successful CIO’s management strategy. Any list of issues or top priorities facing CIOs is open to debate. However, having the debate is important because it brings the issues out into the open. What’s most important is that CIOs do not fall into a reactionary mode of operation and management. Doing so is easy especially during times of economic distress, it is easy to react to issues rather than to plan and execute.
What issues are your facing today? Let us know and continue the debate?