IT Budget Relief Strategies by ProQuest

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                                                                                                                                                            www.infotoday.com   December 2008




                                                                                                                                          And overlap across compliance
      Insider’s Perspective                                                                                                               teams is common. Compliance
                                                                                                                                          automation tools can help to


IT Budget Relief Strategies                                                                                                               eliminate redundancies, improve
                                                                                                                                          the consistency and quality of risk
                                                                                                                                          data, save time, and reduce the
                                                                                                                                          demands on managers.
by SARA GATES   |   Agiliance, Inc.                          data-collection processes           of compliance. Today’s compliance
                                                             can be a slow, complex, and         solutions come with controls          • Tip No. 7: Focus on the most
   [This column lets experts in                              error-prone process. Moving         mapped out of the box: Simply           critical issues first. It can be
the information technology in-                               to web-based surveys and            select the applicable regulations,       difficult for companies to prioritize
dustry discuss the challenges                                workflow drives faster              policies, and standards with a           the criticality of control violations
and trends in their special niche                            decision making and more            click of a mouse to automatically        across a range of assets. Having
in the marketplace. —Ed.]                                    timely and cost-effective           map controls.                            a single analytic solution that
                                                             compliance and provides the                                                  correlates data across disparate



B
         usiness executives face                             data for improved visibility      • Tip No. 5: Streamline control            infrastructure, regulations,
         a monumental dilem-             Sara Gates          across organizational               testing and remediation efforts.         frameworks, and controls allows
         ma as they find them-                               boundaries.                         Regulatory compliance depends            businesses to focus on the most
selves caught in tough economic condi-                                                           upon the continuous monitoring           critical issues first and avoid
tions, competitive pressures, and mount- •            Tip No. 3: Centralize policy               and enforcement of thousands of          unnecessary spending.
ing compliance demands.                               management. Large IT                       IT controls. IT risk and compliance
   So what’s the mantra of the day? Try               organizations spend excessive              solutions can help companies
containing costs while continuing to drive            time and resources on creating,            quickly detect and assess control
                                                                                                                                       The Secret to Thriving in Chaos
productivity. This is a tall order for CIOs           distributing, and managing IT              violations by automating testing,         Be proactive. Act intelligently.
who have already slashed their 2009 IT                policies. Today’s IT policy automation     correlating, and communicating            In every down economy, there are op-
budgets and feel the pinch from runaway               products can help businesses keep          controls results to the owner(s)      portunities to excel while others stand
compliance costs.                                     up with this monotonous task and           of the business risks.                still. Companies that make the transition
   As new regulations continue to grow                cut costs by offering advanced                                                   from the current threat and compliance-
in number and complexity, never-ending                survey capabilities and highly           • Tip No. 6: Eliminate the process      driven business climate to a performance
compliance projects divert precious staff             automated tools.                           overlap. Large organizations          and risk-driven business process will be
time and operating budget away from                                                              typically must comply with multiple   more resilient when new regulations are
growth-supporting initiatives to reactive •           Tip No. 4: Use technology                  regulations, each with independent    enacted and better positioned for success
activities, such as regulatory audits.                to map compliance controls.                processes, metrics, and audit         when the economy rebounds.
   And the future doesn’t look any brighter.          Translating general statements             procedures.                               Companies can expect that a well-
With the crumbl
								
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