First rule of IT governance: To cut costs, align business and IT

http://searchmanufacturingerp.techtarget.com/news/2240038795/First-rule-of-IT-governance-To-cut-costs-align-business-and-IT

This beginning paragraph of this article points out that only about 25% of CFOs say their IT department adequately addresses changing business priorities, while less than a quarter say IT can provide the technology innovation their companies need. One of the reasons is that IT departments still focus too much on technology, while business managers see IT as a means to an end.

In order to bridge the gap, the article points out that the IT governance has to be put in place. By having a role as a cost saving tool especially in these economic times, IT governance puts emphasis on business value first and foremost and brings and business and IT departments together in this aspect. Additionally, IT governance can maintain strict controls over funding process to keep priorities in track and identify IT cost-cutting opportunities.