Managing the complexities of IT risk and compliance is a huge challenge for organizations everywhere. The inability to reduce risk exposure, lower risk management program costs, manage compliance across multiple regulatory frameworks and better allocate resources across the enterprise can severely affect an organization’s reputation, productivity and ability to achieve strategic goals.
This panel discussion, hosted by Risk, WatersTechnology and sponsored by IBM, will look at the evolution of IT risk to examine how organizations are beginning to adopt integrated GRC solutions to tackle the aforementioned challenges and optimize performance.
The panel will look at the results of the recent Risk and IBM ITG survey and will discuss how integrated GRC solutions are enabling organizations to do the following:
- Gain better IT visibility across multiple disparate silos of IT governance to provide decision makers with a single view of risk.
- Map IT risks to business processes to provide the underlying foundation for IT governance and enable a centralized, top-down (from business process to IT asset) approach to governance that spans the organization.
- Reduce IT-related risks by providing a holistic view of risks throughout the enterprise that can be used to manage and control risks more effectively.
- Improve IT efficiency through regulatory framework harmonization by mapping controls to multiple best practice frameworks.