Governance in the Age of Digital Transformation

COVID-19 have forced organizations to accelerate their digital innovation and transformation initiatives. The pandemic showcased the value of digital operating models and one of its effects is the rise of the use of digital technologies like virtual meetings, online collaboration platforms and cloud computing. As organizations travel through their fast and complex digital transformation journeys, the role of governance is more important than ever.

IT must go beyond just delivering technologies and services but must act as a strategic partner and deliver value by aligning initiatives to their organization's mission and goals.

COVID-19 highlights the importance of focusing on 3 enterprise governance domains when planning digital transformation strategy. IT, Innovation and Data Governance works together to deliver successful organizational digital transformation considering the new normal caused by the COVID-19 Pandemic.

IT Governance tackles the role that IT plays in the business, the IT architecture, IT infrastructure and IT investment and prioritization.

Innovation Governance deals with the innovation process, and the actual content of the innovation such as innovation for longevity, innovation for balance.

Data Governance involves converting data into value, data management, data security, and regulatory and compliance.