IT governance consists of at least one process that helps IT employees, to better handle the risks and function at its most efficient. IT governance is fitted perfectly under corporate governance which is designed to keep the entire corporation running efficiently and smoothly. IT governance can slightly be molded to fit the industry’s needs. Depending on who you ask, IT governance can be about administering performance and efficiency by the business world whereas, being in charge of the framework to produce desirable outcomes by the IT department.
One of the objectives of IT governance is providing value to stakeholders which is at the center of IT governance in general. To provide value, they improve the company’s performance and efficiency with automation. Let’s say, you’re selling cloud computing software, automating the build and deployment process frees precious time which developers could use to develop new customer features or even polish up the interface. The value here is that they’re able to deliver more customers or a better interface faster which in turn makes the product more valuable to the customers. To bring out the potential value from IT resources demands a clear understanding of your company creating and delivering value. This knowledge will be the foundation that’ll drive your IT strategy.
Having a framework in place will push you to think more about your IT assets in your organization. When you’re able to appraise the IT value creation, measure it and deliver it more effectively, it’s safe to say your IT governance is functioning.