After federated Identity management, it is federated IT GRC which is taking the center stage today. GRC traditionally existed in silos; all the operations functioned independent of each other. Of late there is a drive to develop a more integrated GRC strategy, which could give rise to sharing of information, risks, investigations etc. This could result in more efficiency within the system, more transparency and less wastage of resources.
Without a federated GRC different parts of the organization end up functions differently in their own direction with their respective GRC silos. For e.g.: in the financial sector various areas like credit, market, operational, legal and regulatory risks operated independent of each other. With federated GRC all these are aligned to be more efficient and manageable. Errors, inefficiencies, and potential risks like IT risk could easily be identified, managed or averted easily. This creates a better business performance by reducing risk exposure. With identity audit as well as IT governance, enterprises can function efficiently and evade most of the risks involved.
Summary: http://www.trailfire.com/roger802/trailview/68289
After federated Identity management, it is federated IT GRC which is taking the center stage today. GRC traditionally existed in silos; all the operations functioned independent of each other. Of late there is a drive to develop a more integrated GRC strategy, which could give rise to sharing of information, risks, investigations etc. This could result in more efficiency within the system, more transparency and less wastage of resources.
Without a federated GRC different parts of the organization end up functions differently in their own direction with their respective GRC silos. For e.g.: in the financial sector various areas like credit, market, operational, legal and regulatory risks operated independent of each other. With federated GRC all these are aligned to be more efficient and manageable. Errors, inefficiencies, and potential risks like IT risk could easily be identified, managed or averted easily. This creates a better business performance by reducing risk exposure. With identity audit as well as IT governance, enterprises can function efficiently and evade most of the risks involved.
