Keep ahead of rapidly changing regulations through COBIT

COBIT is a framework for IT governance and management created by ISACA. It is precisely a supportive tool for managers, which eliminates the gap between business risks, control requirements and technical issues.
COBIT is an information governance model that guarantees integrity of the information system. It is internationally used by the leading information based organizations and serves as a consulting guideline that can be applied to any organization irrespective of the industry it belongs to. COBIT is a model ensuring quality, control and reliability of information systems in organizations which is actually quiet essential for keeping ahead of rapidly changing regulations in modern business regimes.

COBIT 5 is based on following five principles:

  • Meeting the needs of stakeholders
  • Ensuring a holistic approach
  • Covering the enterprise end to end
  • Applying single integrated framework
  • Separating governance from the management

The COBIT framework involves bridging business goals with IT infrastructure by providing various maturity models and metrics. The process-based model is subdivided into following five domains:

  • Evaluate, director and monitor (EDM)
  • Align, plan and organize (APO)
  • Build, acquire and implement (BAI)
  • Deliver, service and support (DSS)
  • Monitor, evaluate and assess. (MEA)

Business Beam recognizes the challenges of modern businesses and helps organizations meet performance and conformance requirements. We are a consulting company working with different firms to meet its governance, risk and compliance (GRC) requirements. Through COBIT 5 framework, the organization can also have overall visibility on the performance. Organizations have several unique priorities that need to be addressed, however few critical issues common to most organizations are:

  • Meeting regulatory requirement
  • Optiming IT related risks
  • Optimizing IT resource utilization
  • Ensuring higher value from the investments in IT.

Business Beam, with its years of experience has devised effective consultancy and training services using COBIT 5 that brings all individual functions within IT into a common and integrated model. We also understand that one of the keys to successful implementation is choosing the right processes rather than blindly following the framework and later implementing it.

It is very critical to divide the improvement project into small phases as this helps the organization reap the benefits for long period of time.

Organizations that choose to utilize COBIT 5 can expect three key benefits: The first includes a direct impact on business performance, both operational and strategic. The second is minimization of risk, as Best practices and reliable processes help mitigate risks of investment, expenses, breached security, loss of service, inadequate infrastructure and unreliable data integrity. Lastly a regulatory environment is the biggest perk of implementing this framework. With the role of regulations increasing with growing influence of technology, COBIT 5 is just the right pick for your organization. Hence if you wish to keep ahead of rapidly changing regulations, Business Beam is right here for all the organizations interested in adapting and tailoring the guidance of COBIT 5 to their specific needs!

About the Author

Ikram is the co-founder and CEO at Business Beam UAE and Pakistan. He is also an active corporate advisor, writer, speaker, and workshop leader. In his 22+ years of industry experience, he has successfully completed 80+ consulting assignments related to IT governance, IT service management, project & portfolio management, information security, business & ICT continuity, software engineering, etc. His clients ranked him “excellent” in technical knowledge, capability to deliver, helpfulness and overall value delivered. He is also an internationally accredited trainer for COBIT, TOGAF, CGEIT, CISM, CISA, ITIL, Scrum, PMP, PRINCE2, P3O, DevOps, ISO 27001, ISO 22301, ISO 20000, ISO 9001, ISO 38500 and Six Sigma. He has successfully conducted 250+ training courses and workshops in USA, Hong Kong, Saudi Arabia, U.A.E. and Pakistan. More than 5,000 executives and professionals from 600+ organizations have benefited from his training sessions. You may connect with Ikram at LinkedIn.

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