What Is Information Technology Governance (IT Governance)?

TechDogs Avatar

It's like a stool with three legs. You need all three to keep the seat from falling, but you don't want to put too much weight on any one leg. IT governance is like that. It's the "rules" that an organization needs to follow to ensure they're getting the most out of their IT resources—and also making sure they're not falling over in the process! The ultimate goal of IT governance is to ensure that the organization meets its objectives. The key focus of IT governance is to ensure that IT resources are used strategically. It helps increase efficiency and productivity within an organization by providing appropriate decisions regarding how these resources should be used. The term "IT governance" refers to management processes that ensure that IT resources are effectively deployed and managed within an organization. In other words, IT governance ensures that the right resources are available at the right time for the correct cost. It also ensures that those resources are being used to support the company's business strategy. The era of the "wild west" of IT is over. These days, it's no longer enough to have a system that works—you need to know how it works, why it works that way? and why you should keep it around? If you don't know those things, you're probably violating some regulation or policy. That's wherein IT governance comes in. It's a large idea targeted at the IT branch or surroundings handing over commercial enterprise fee to the enterprise. It is a hard and fast of rules, guidelines and rules that outline and make certain an IT branch's effective, managed and precious operation. It additionally presents strategies to pick out and compare the overall performance of IT and the way it pertains to commercial enterprise growth. Moreover, with the aid of using following and imposing an IT governance framework which include COBIT, and company can follow regulatory necessities and decrease IT commercial enterprise at the same time as achieving measurable benefits.

TechDogs

Related Terms by Governance Risk Compliance

Geographic Information Science (GISci)

You need to know where things are, right? From hiking trails to the capacity of your favorite lake, it's all about the location. Geographic information science (GISci), or GI Science, is multidisciplinary. It deals with data in a place and is often used for decision-making in urban and regional planning, public health, epidemiology, environmental science, and many others. The techniques and technologies used in this field are advanced and require high expertise. To process and analyze the data, experts in this field must understand the areas that produce the data. This is what makes the field of geographic information science so diverse. It involves generating data and information related to a particular location or area. It is used in different sectors, such as pharmaceuticals, agriculture, manufacturing, logistics, and marketing, to name a few. Geographic information science is also called geoinformatics. It is an interdisciplinary field that combines computer science, statistics, and cartography. In the last few years, this field has seen tremendous growth with the development of artificial intelligence (AI), machine learning, and blockchain, which have helped solve many problems in this field. It is a progressive, interdisciplinary field with applications in many different areas, such as social science, natural science, engineering, public policy, and business. The International Association of Geographical Information Systems (IAGI) is the largest professional association for GISci. The International Cartographic Association (ICART) has a Commission on GISci and a Working Group on GISci. GISci has many different definitions; however, all descriptions acknowledge the multidisciplinary nature of the field and its application in many other areas. The most widely accepted definition of GISci comes from the International Encyclopedia of Geography: GISci is a field of research examining GIS technology's applications, implications, and impacts. It is a science that gives you the power to see, understand and change the world in new ways.

...See More

Group Decision Support System (GDSS)

Group Decision Support System (GDSS) enhances digital communication and is essential to any project requiring group work. Don't you think it is necessary? Well then, read more; it's vital! GDSS technology is a great way to get a quick overview of what everyone in your team is doing or to get all the information you need about a particular task or project. It's also a great way to reflect on past projects, see what worked well and what didn't, and improve your processes. One of the best things about GDSS technology is that it makes it easy for everyone on your team to contribute ideas and suggestions without having to sit through long meetings or conference calls—all you have to do is log in! If you've ever been in a forum, you know how important it is to communicate effectively. Often, when we try to communicate with each other, we may find ourselves lost in the sea of emails and phone calls that can complicate the process. That's where group decision support systems (GDSS) come in: they're designed to help groups of people make decisions more quickly.GDSS proponents claim that these technologies can promote participation, help streamline group conduct and foster learning. Different vendors have begun to offer group decidedness support systems products like ThinkTank and Meeting Works, among others. There is a move to develop open-source tools, often called discussion support systems.GDSS is the term you probably won't be able to avoid anymore. It stands for "Group Decision Support System," a fancy saying, "website you can use to help your group make decisions. If you're wondering why we're so excited about this, we're in the middle of an explosion of new tools that make it easier for teams to collaborate online.

...See More

Groupthink

When you're in a group, well, you know, it's easy to get caught up in the moment and make bad decisions for your business. That's one of many reasons you should avoid groupthink. Groupthink is a psychological phenomenon where group members make poor decisions or ignore valid alternatives because of internal pressures from the group. It's more common among groups where members share backgrounds and there is no decision-making system or rules. Some organizations have used enterprise decision management (EDM) software to avoid this problem. EDM helps ensure that all stakeholders have input into important decisions—so that everyone can be sure they're making the right choice for their business. Groupthink is dangerous in business, where people from similar professional backgrounds tend to make up executive-level management. When a group of decision-makers is insulated from the realities of day-to-day operations, they can quickly become more concerned with the group's harmony than with the business's health. Whether provided by a piece of software or not, the effects of groupthink can be mitigated by proper decision-making procedures, including gathering feedback from outside members, using models and scenarios, creating metrics to evaluate past decisions, etc. It's easy for executives to get caught up in their little bubbles and forget what's going on at ground level. It's also easy for them to become complacent about their decisions. After all, they know other people think they're great—even if those people only say so because they don't want to rock the boat! Groupthink is especially prevalent in companies with similar backgrounds; employers must hire from different fields and cultures as often as possible. It's also essential for managers to make sure that employees feel comfortable voicing their opinions about how things could be done better (or even differently).

...See More
  • Dark
  • Light