Technology Investment: Achieving Balance Between Business Requirements and Regulatory Compliance

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Technology Investment: Achieving Balance Between Business Requirements and Regulatory Compliance

Over the past decade, IT organizations have endured a historic pendulum swing, from reckless IT development to painstaking entrenchment and control. As businesses operate in 2007, chief information officers (CIO) face a vital challenge: how to swing that pendulum back without entering a second phase of uncontrolled IT activity.

It is an important question. The boomtown era of the late 1990s saw unprecedented IT growth as companies raced to build out information infrastructure with little regard to IT controls or governance. New systems were deployed, new technologies were adopted, and often, unproven practices were implemented before top executive management could integrate them under a coherent framework.

By 2002, the post-boom period had turned the information management world on its ear. Organizations faced a host of regulatory requirements, including the Sarbanes-Oxley Act, designed to increase visibility into corporate operations and information structures. And almost overnight, compliance emerged as the top priority for most IT shops. 

 

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