OPPapers.com Essay Index >> Technology >> Global It Indutsry
We have many free term papers and essays on Global It Indutsry. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Global IT Indutsry SOFTWARE INDUSTRY - A GLOBAL STRATEGIC PERSPECTIVE Managing IT Governance & Compliance Regulations and mandates such as Sarbanes-Oxley, Basel
Submitted by konfuzion75 on March 29, 2006
Category: Technology
Words: 1832 | Pages: 8
Views: 441
Popularity Rank: 27,617
Average Member Grade: N/A (Add a Comment / Grade this Paper)
SOFTWARE INDUSTRY - A GLOBAL STRATEGIC PERSPECTIVE
Managing IT Governance & Compliance
Regulations and mandates such as Sarbanes-Oxley, Basel II, the EU Data Protection Directive, HIPAA, and International Accounting Standards have forced profound changes in business policies and processes. U.S. companies will spend $5.5 billion in 2004 to comply with Sarbanes-Oxley. European banks will spend almost $4 billion in IT over the next two years to comply with Basel II.
In Charge of Change: IT executives are adopting IT governance strategies and software to manage the priorities, processes, and people of ITgaining visibility and control over their compliance initiatives. This enables them to:
· Ensure IT compliance initiatives are prioritized and managed on time and on budget.
· Manage benefits, costs, resources, and business objectives within a transparent process.
· Mitigate the risk and costs of business process and application changes.
Enabling Strategic Sourcing
There is a seminal shift from outsourcing IT for cost reduction to "strategic sourcing" for business value. It is estimated that global outsourcing deals will rise 30 percent by 2005, and that the global business process outsourcing market will reach $130 billion in 2004. Strategic sourcingthe optimal mix of in-house, outsourced, and offshore IT projectsrepresents a profound opportunity for IT to maximize business value.
In Charge of Change: IT executives are adopting BTO software and services to optimize IT prior to outsourcinggaining visibility and control over both in-house and outsourced business processes and teams. This enables them to:
· Effectively govern a mixed portfolio of IT projects in alignment with business goals.
· Ensure outsourced IT initiatives are tested and deployed to meet the same quality and performance standards as in-house applications.
· Manage and monitor both outsourced and...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!