IT governance Definitions

  • B

    business integration

    Business integration is a strategy wherein the goal is not only to sync IT and business cultures and objectives, but also to assimilate technology into business strategy and goals.

  • business process reengineering (BPR)

    Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

  • business services

    Business services is a general term that describes work that supports a business but does not produce a tangible commodity. 

  • business technology (BT)

    Business technology (BT) is a term that points specifically to the technology used by businesses to treat information.

  • C

    CCO (Corporate or Chief Compliance Officer)

    A Chief Compliance Officer (CCO) is a corporate official in charge of overseeing and managing compliance issues within an organization, ensuring, for example, that a company is complying with regulatory requirements and that the company and its employees are complying with internal policies and procedures. 

  • Chief Technology Officer (CTO)

    A Chief Technology Officer (CTO) is the individual within an organization who has ultimate responsibility for all technology policy and related matters such as research and development (R&D).

  • D

    data monetization

    Data monetization is the act of creating currency from corporate data.

  • data privacy (information privacy)

    Data privacy, also called information privacy, is the aspect of information technology (IT) that deals with the ability an organization or individual has to determine what data in a computer system can be shared with third parties.

  • digital enterprise

    Digital enterprise is an organization that leverages digital technology as a competitive advantage in its internal and external operations.

  • E

    extended enterprise

    Extended enterprise is the concept that a company does not operate in isolation because its success is dependent upon a network of partner relationships.

  • F

    FMEA (failure mode and effective analysis)

    FMEA (failure mode and effective analysis) is a step-by-step approach for collecting knowledge about possible points of failure in a design, manufacturing process, product or service.

  • G

    gap analysis

    A gap analysis assesses the differences between the current and desired performance levels of a company's systems or applications.

  • GRC (governance, risk management and compliance) software

    GRC (governance, risk management and compliance) software allows publicly-held companies to integrate and manage IT operations that are subject to regulation. (Continued...)

  • I

    IT organization (information technology organization)

    An IT organization (information technology organization) is the department within an organization charged with establishing, monitoring and maintaining information technology systems and services, and with strategic planning around current and future IT initiatives.

  • IT prioritization

    IT prioritization is the process of initiating IT projects and procedures based on both the immediate and long-term needs of an organization.

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