Governance, risk, and compliance (GRC) as a means to reduce process redundancy, deliver risk intelligence, and improve business performance has captured the attention of leadership teams across the enterprise. GRC is also now embracing IT and security teams, often catching them unprepared to champion their unique requirements.

In today’s digital enterprises, CISOs and CIOs have a pivotal role to play in protecting their organizations against the growing multitude of IT risks and threats, while also sustaining compliance with IT regulations, standards, and policies.

Technologies implemented to meet operational needs bring tangible benefits to an organization with focused, tactical functions. These tools bring value to organizations due to the focus on the specific business challenge at hand and most often help achieve goals at the operations level. However, certain processes need to lead to greater enterprise value.

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The General Data Protection Regulation (GDPR) introduces sweeping changes to how enterprises around the world collect, process, store, and protect the personal data of EU citizens. As the first compliance deadline draws near, Data Protection Officers (DPOs) will need to ensure that their organizations are prepared by establishing compliance and audit teams, processes, policies, and controls.

Success in today's dynamic business environment requires organizations to manage and comply with policies, standards, and controls. This is true across the business, but is particularly true in the context of IT governance, risk management, and compliance (IT GRC).

Active governance goes beyond general oversight to ensure alignment and interlock strategy, through policy, procedures and roles in the operational fabric of the organization and carries through to suppliers, customers and third parties. By starting with these core aspects of active governance, you are in your way to creating a competency of proactive risk intelligence in your organization.

GRC, by definition, involves bringing together governance, risk and compliance disciplines from across an increasingly complex, extended enterprise with deep interlocks to customer and supplier eco-systems. While it's not realistic to expect organizations to converge on a common set of GRC processes across this complex landscape, there is huge value in taking a federated approach to GRC that leverages the common risk elements from each business unit, IT and security teams, and management of third parties.