Apcela

Industrial IoT will reshape network requirements

Industrial IoT The hype around IoT may have been surpassed this year by breathless coverage of topics such as artificial intelligence and cryptocurrencies, but there continue to be interesting developments in IoT related technology and services. The possibilities for efficiency gains and the creation of
The Death of "Big Bang" IT Projects

The Death of “Big Bang” IT Projects

Why is it so hard to change, especially from a business perspective? Why is it so hard to understand that new technology capabilities can enable new technology approaches?  And nowhere is that more evident than in how companies are trying (and failing) to apply the old school

CONTRIBUTORS

Cloud Developers are Using the Programmable Infrastructure to Open a World of Innovation and Business Transformation

Cloud Developers are Using the Programmable Infrastructure to Open a World of Innovation and Business Transformation

In the past few years, we have seen a surge of advancement in cloud development. New platforms, developer tools, and ...
Chris

How to Avoid Becoming Another Cloud Security Statistic

Cloud Security Statistic Last year, Gartner predicted that, by 2020, 95 percent of all cloud security failures will be caused ...
Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks “WanaCrypt0r 2.0” or “WannaCry,” an unprecedented global ransomware cyber-attack recently hit over 200,000 banking institutions, hospitals, government agencies, ...

RECENT NEWS

Batteryless smart devices closer to reality

Batteryless smart devices closer to reality

Researchers at the University of Waterloo have taken a huge step towards making smart devices that do not use batteries ...
Pressure grows on Zuckerberg to attend Facebook committee hearing

Pressure grows on Zuckerberg to attend Facebook committee hearing

Australia, Argentina and Ireland join UK and Canada in urging Facebook CEO to give evidence to parliaments Parliamentary committees from ...
Amazon picks New York City, Virginia for $5 billion new headquarters

Amazon picks New York City, Virginia for $5 billion new headquarters

SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) said on Tuesday it will build offices for up to 25,000 people in ...
Capgemini in Gartner Magic Quadrant

Capgemini in Gartner Magic Quadrant

Paris, November 9, 2018 – Capgemini, today announced that Capgemini (Prosodie) has been positioned as a Leader by Gartner in its ...
Alibaba's on-demand online services unit valued at $30 billion: sources

Alibaba’s on-demand online services unit valued at $30 billion: sources

HONG KONG (Reuters) - Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as ...
Data Friendly Ideas

The Myths Vs Facts of Governance, Risk and Compliance

Governance, Risk, Compliance

As disruptive technology changes the way businesses operate and communicate internally and externally, companies are facing increasing complexity of governance, compliance and risks. The need for a high degree of agility and transparency in the GRC program is imperative today. But organizations usually respond in a piecemeal way to these new pressures as these compete with the management’s time and available resources. The consummation of IT is also creating a bigger challenge for organizations to establish a comprehensive GRC program with proper governance structure enterprise-wide. The result is a haphazard collage of process monitoring and reporting tools that potentially increases costs and risks.

Governance, Risk, Compliance

Here are 5 myths that add mystery to the effective implementation of a GRC program with 5 supporting facts that work:

Myth: Mine is a small company, I don’t need any Governance processes in place!

Fact: Small companies who think they don’t need “governance” have unofficial governance in place. Governance really means, defining how the organization should get its work done. Defining what is expected of these processes are usually Policy and Procedures.

Myth: GRC is all about technology.

Fact: GRC in fact, is optimizing performance against an organization’s goals and objectives, while managing risks and being compliant. It’s about Principled Performance with the elimination of silos and fragmentation among organizations and processes involved in GRC.

Myth: The reactive, checkbox compliance mentality works best for an efficient GRC program.

Fact: An haphazard collage of silo-ed , reactive compliance measures potentially increase costs and risks. Your organization needs to take advantage of realtime service performance, security, and operational information to enable realtime risk assessment and finegrained business impact analysis.

Myth: Today, there are multiple disciplines under your organization’s GRC umbrella, each of which has their own internal processes, policies, and controls. It’s easy to manually achieve end to end visibility across this entire information space such that you reduce your risk exposure.

Fact: Manual is passe’. With manual processes you struggle to gain any sort of scientific- led visibility on your operational and risk posture. The time taken for your team to assess the dependencies across risks, compliance, business and operations is long.  As a result, your organization remains exposed to recurring compliance and audit failures, data breaches, IP losses, and service performance failures.

Myth: An optimal GRC management tool works wonders to your risk, compliance and governance processes.

Fact: There is no such thing as GRC management, only the management of GRC processes. To top it all, an automated cloud based service management platform to manage your GRC processes is a boon for your operating managers. It’s beneficial to get a single window 360 degree view across simultaneous processes, policies and controls. With service management you can extend your investments to break down siloes, operationalize integrated GRC, and enhance the efficiency and efficacy of your GRC.

An organization’s GRC approach has a dramatic positive impact on organizational effectiveness by providing a clear, unambiguous process and a single point of reference for the organization. Your GRC approach and the tools that help you achieve that should eliminate redundancy, duplicative software, hardware, training and rollout costs. The GRC process and approach you employ should provide you with a single source of truth for your employees, management and stakeholders.

By Sheetal Kale

Sheetal Kale

Sheetal, a digital and content evangelist is Director, Digital and Content Marketing at Alcor Solutions Inc.

Alcor Solutions Inc. is a global cloud advisory and implementation services company serving clients in multiple geographies. They are passionate about their thought leadership and believe that successful technology implementations result equally from good business acumen and technology excellence. Their consulting team is derived from a combination of experts in Business strategy, Cloud Technology and Organizational Change Management.

View Website

Cloud Community Supporters

(ISC)²
Cisco
SAP
CA Technologies
Dropbox

Cloud community support comes from (paid) sponsorship or (no cost) collaborative network partnership initiatives.