IT GRC is an Essential Part of Enterprise GRC. IT departments are scrambling to keep up with multiple initiatives that demand greater oversight of risk and compliance across the IT infrastructure, identities, processes and information. Most organizations approach these issues reactively - putting out IT fires wherever the flames are the hottest. It is time for IT to step back and think strategically; to figure out how to streamline resources and use technology efficiently, effectively, and responsively to manage and monitor IT governance, risk and compliance (IT GRC). IT is vital for business: IT GRC is an essential and critical component of enterprise GRC strategy. IT faces the challenge of demonstrating compliance in these areas:
- Effective IT governance: Internal governance demands push the organization to manage resources, validate ROI on new and existing initiatives, and oversee a web of IT management priorities.
- Adherence to frameworks, best practices and industry standards: IT must adhere to a variety of complex frameworks and standards, such as ISO/IEC 27000, ISO/IEC 14000, ITIL and COBIT. It is an ongoing challenge to demonstrate parity with standards and practices in a constantly changing IT and business environment.