COBIT Benefit

As we have seen, COBIT provides a framework that businesses can implement to achieve their objectives in managing and governing their IT investments. Being a useful framework for all industries and businesses of all sizes, COBIT provides the basis by which businesses can govern and manage their IT operations bearing in mind the overall objectives and goals of the business.

● Aligns IT with organizational goals

COBIT is designed to ensure that the organization’s IT is aligned with business goals. As this is not a simple process, COBIT 5 enables organizations to integrate IT goals within the larger business goals. The role of COBIT practitioners is to ensure that IT investments support business goals through establishing controls and tools that can easily be used by IT managers. They also help businesses to fill gaps that exist in the application of information technology to achieve business goals. The latest COBIT training is designed to make professionals competent enough to meet enterprise performance goals by maximizing the value of information systems.

● Enhance the value and trust in organizations’ information systems

One vital function of COBIT is to help businesses derive the most value from their IT investments by managing and creating a balance between the use of resources and risk involved. By implementing COBIT principles, best practices, and models, a business enhances the efficiency and productivity of its IT systems while also maintaining compliance and information security which ultimately increases the value and trust in IT services and resources.

● Efficiency and productivity

COBIT is based on principles that are widely accepted for improving the efficiency and effectiveness of IT. As a result, the same tools and techniques can be applied across industries and organizations of all sizes for the improvement of systems and process deliveries.

This allows an organization to expand and diversify its operations knowing that the same COBIT tools and principles will apply to its operations through its growth and expansion.

● Provides governance and framework for IT organization

IT governance is differentiated from IT management as it focuses on ensuring that IT serves the organization’s goals. COBIT plays a key role in establishing proper governance across the entire organization. A specialist has to go beyond the list of goals provided by management to incorporate the incremental goals, clarify issues, and help the management in prioritizing goals.

Effective governance requires that the organization be aware of its environment and focus on IT features based on their goals. COBIT enables organizations to identify and minimize IT-related risks by establishing effective control measures and process monitoring. COBIT’s governance role is effective since it is based on implementing an evaluation metric for the entire business cycle. This gives the organization a clear picture of the implementation progress, the risks involved, and the improvements needed in its systems.

● Helps organizations to comply with industry standards

Compliance with standards has become the defining factor for responsible IT management. The IT systems of enterprises need to comply with laws like the General Data Protection Act (GDPR). By implementing COBIT, an organization is sure that it is not only abiding by the industry standards but also allowing both the internal and external stakeholders to improve their skills to match the industry qualifications. Benefits of compliance for enterprises include avoiding payment of fines, enhanced information security, and privacy, reduced maintenance costs, and ultimately, enhanced customer satisfaction and value in a company’s IT services.

Reference:

https://ipsnews.net/business/2020/10/05/what-are-the-benefits-of-cobit/