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Information technology governance is a subset discipline of corporate governance, focused on information technology (IT) and its performance and risk management.The interest in IT governance is due to the ongoing need within organizations to focus value creation efforts on an organization's strategic objectives and to better manage the performance of those responsible for creating this value ...
Technology governance serves as a mediator between technological innovation and controversies that surround it. Technology governance creates a balance between the political and social implications brought from new technology innovations. [2] Technology governance is a controversial topic with a wide array of stakeholders across the world.
Domain specific GRC vendors understand the cyclical connection between governance, risk and compliance within a particular area of governance. For example, within financial processing — that a risk will either relate to the absence of a control (need to update governance) and/or the lack of adherence to (or poor quality of) an existing control.
With the evolution of thinking in the field of IT governance, ISO/IEC 38500 was revised in 2015. The main changes include the title of the standard, from Corporate Governance of IT to Governance of IT for the Organization, which reflects the wider applicability of the standard. Terminology and definitions have also been updated and refined ...
Information governance, or IG, is the overall strategy for information at an organization. Information governance balances the risk that information presents with the value that information provides. Information governance helps with legal compliance, operational transparency, and reducing expenditures associated with legal discovery. An ...
The COBIT Framework (Control Objectives for Information Technology) is a widely used framework promulgated by the IT Governance Institute, which defines a variety of ITGC and application control objectives and recommended evaluation approaches.
In contrast to the traditional meaning of governance, the term global governance is used to denote the regulation of interdependent relations in the absence of an overarching political authority. [24] The best example of this is the international system or relationships between independent states.
Electronic governance or e-governance is the use of information technology to provide government services, information exchange, communication transactions, and integration of different stand-alone systems between government to citizen (G2C), government to business (G2B), government to government (G2G), government to employees (G2E), and back-office processes and interactions within the entire ...