In this era of rapid digital transformation, there has never been a greater need or better time for IT compliance automation, enabling agile technology, processes, and information. The oversight of IT compliance, as well as back-end management, is crucial to the overall continuity of the business.
A comprehensive IT compliance architecture and framework will involve employees and all relevant stakeholders to keep them linked and in tune with compliance, specifically related to their roles and responsibilities within the company.
Under manual processes, things are often missed or lost in the constant cycle of compliance requirements and constant regulatory and business change. On top of this, many organizations have discovered that their manual, document-centric approaches to compliance, have also consumed too many resources and manpower in its management, monitoring, and reporting.
Organizations need to implement an agile IT compliance process, architecture and framework by leveraging technology to adequately be equipped for developing risks and compliance incidents.
It’s crucial to develop a compelling business case to address IT compliance in today’s ever-evolving business environment. The benefits and value of an agile and integrated technology architecture are:
The regulatory landscape continues to grow, with no indication of slowing down. As many areas of the world shift into a post-pandemic mindset, regulatory bodies such as CCPA, PCI and ISO globally can be expected to develop new changes and requirements to existing ones as a response to COVID-19 and the economic, health and safety concerns it posed.
IT compliance has grown in complexity. Stakeholders can’t expect Compliance Professionals to manually analyze high volumes of incoming data to maintain compliance and keep with change results in things getting missed, misallocated manpower and resources, and potential manipulation.
This addresses misallocated resources and manpower to build on the organization’s operations by providing strategic insights into the business and its risks and not just respond to and monitor emerging compliance risks haphazardly.
Meeting the minimum requirements of compliance only scrapes the surface of what comprehensive IT compliance should be, and by mistaking compliance with things like information security, organizations are ignoring the actual threat within IT compliance and risk. Unfortunately, many executives today still view compliance as a checkbox, where they move on after the main requirements are met. At most, meeting regulations and requirements should just be the minimum or the starting point for a company’s comprehensive IT compliance strategy.
When it comes to information and cyber-security, it’s incredibly pivotal to be proactive in your IT compliance program. Ticking off your compliance checkbox isn’t the same thing as having a proven IT compliance strategy in place or reaching an ideal IT security maturity level. Organizations should look to implement proactive solutions and controls to ensure that they are continually discovering and implementing the most effective, efficient, and agile strategies and solutions that work in conjunction with their compliance needs.
Matthew Davies is responsible for the go-to-market proposition behind our GRC solution offerings and helps maximize the business value of our solutions. Before SureCloud, Matthew previously held positions in GRC implementation, pre-sales and product development at Deloitte and PWC.
SureCloud is a provider of cloud-based, Integrated Risk Management products and Cybersecurity services, which reinvent the way you manage risk. SureCloud connects the dots with Integrated Risk Management solutions enabling you to make better decisions and achieve your desired business outcomes. SureCloud is underpinned by a highly configurable technology platform, which is simple, intuitive and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to fit your current business processes without forcing you to make concessions during implementation; meaning you get immediate and sustained value from the outset. SureCloud has been recognized as a Challenger in the 2020 Gartner Magic Quadrants for Integrated Risk Management and Vendor Risk Management solutions.