By definition, IT governance refers to a formal framework that provides structure for organizations to ensure any new investments in information technology support business objectives. The need for IT governance practices across organizations in the U.S. was inspired by new laws and regulations enacted in the 1990s and early 2000s, such as the Sarbanes-Oxley Act and the Gramm-Leach-Bliley Act.
When your organization follows a formal framework for IT, it can produce results you can measure that contribute to overarching goals and strategies. Your IT governance program should take stakeholder interests into account in addition to the individual needs of your staff and the processes they use every day.
In today’s business environment, your organization may also be subject to a myriad of ever-changing regulations that govern how you handle and protect confidential information. These regulations may also impact your organization’s financial accountability, disaster recovery tactics, and data retention practices. In its most basic form, your IT governance strategy should ensure you meet all internal and external requirements that deliver on best practices and controls.
Both public- and private-sector businesses that handle any form of sensitive data or information should implement a comprehensive IT governance plan. For assistance with this process, contact us at RedSky. We can help your organization maintain its compliance with industry and government regulations and ensure you meet your organizational goals.