From an operational point of view your need for reliable information technology is high, while from a strategic point of view, your need for new information technology is of low importance. In other words, IT plays a defensive role in your organization as its reliability has a direct impact on your business continuity. Access to state-of-the-art technology is not as critical as your need for efficient technology as even a brief IT interruption can mean immediate loss of business.
Based on the low strategic impact of technology in your organization, it is important for your board to keep up-to-date with state-of-the-art technology, but not be too concerned with being the first to place a new technology on the market. Your board should keep an eye on the competition to be prepared to adapt a more aggressive IT strategy if needed. Business continuity is of paramount importance for you so your board needs to ensure that the appropriate processes and security measures are in place. With the audit committee overseeing IT, questions such as “Do we have fast-response processes in place in the event of an attack?” and “Are we protected against possible intellectual property infringement lawsuits?” should be addressed.
In your organization, based on your mode, you should focus on ensuring the continuous smooth running of technology within your organization to avoid any interruption in your business operations. This means that you should invest your energy into highly reliable IT systems that don’t necessarily rely on state-of-the-art technology.
Based on your results, see below how KPMG can help your organization in setting up the appropriate governance structure and in identifying the critical questions to ask.
|Ensure your organization's business continuity.||Prevent & Protect||Information Protection Services|
|Drive your performance and valuation with Data and Analytics.||Data & Insights||Data & Analytics|
|Define and validate the vision statement and translate it into strategic priorities for information management.||Data & Insights||Information management
|Avoid to be surprised by new technologies.||Optimize & Transform||Using new technologies can make a huge difference for your organization|
|Find the right enterprise solution according to your organisation.||Optimize & Transform
|Providing assurance to your clients and regulators on how to manage your IT related risks and compliance requirements.||Prevent & Protect||IT Attestation services
|Improve your IT Strategy.||Technology Innovation
||IT Strategy & Organization|