In the light of digital transformation, information and technology (I&T) have become crucial in the support, sustainability and growth of enterprises. Previously, governing boards (boards of directors) and senior management could delegate, ignore or avoid I&T-related decisions. In most sectors and industries, such attitudes are now ill-advised. Stakeholder value creation (i.e., realizing benefits at an optimal resource cost while optimizing risk) is often driven by a high degree of digitization in new business models, efficient processes, successful innovation, etc. Digitized enterprises are increasingly dependent on I&T for survival and growth. Given the centrality of I&T for enterprise risk management and value generation, a specific focus on IT Governance or Enterprise Governance of information and technology (EGIT) has arisen over the last decade.
EGIT is an integral part of corporate governance. It is exercised by the board that oversees the definition and implementation of processes, structures and relational mechanisms in the organization that enable both business and IT people to execute their responsibilities in support of business/IT alignment and the creation of business value from I&T-enabled business investment.
COBIT is a framework for the governance and management of enterprise information and technology, aimed at the whole enterprise. Enterprise I&T means all the technology and information processing the enterprise puts in place to achieve its goals, regardless of where this happens in the enterprise. In other words, enterprise I&T is not limited to the IT department of an organization, but certainly includes it.
CORVIT help customers in knowledge transfer and implementation of efficient IT governance as per COBIT 2019 and ISO / IEC 38500:2015 standard.