IT DRILLDOWN
 
NEWSLETTERS
 

CIO.com updates, insights and advice on technology, management and your career.

 
 
 
LEADERSHIP
 
CIO Executive Programs
The Leader in Face-to-Face Education for Senior Executives

Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »

 
CIO Executive Council
A Peer-Advisory Service and Professional Association for CIOs

Portfolio Management Maturity Model at Chevron - Presentation & Discussion

November 13, 11:30 AM - 12:30 PM ET (GMT-4)

The fundamental goal of the model is to help IT become a business partner and earn a seat at the table. Core to the model is to establish a five year IT strategic road map that is owned by the business. Presenter Janinne Franke is manager of strategy, planning & optimization at Chevron's corporate department & services. She will share processes and lessons learned from developing and implementing the model.

More / Register »

Learn more about the CIO Executive Council »



 
 
RESOURCE CENTER
 
 
 
SUBSCRIBE TO CIO
 
Are you involved in setting the direction for your company's IT budget or strategy?

Apply today for a FREE subscription to CIO Magazine!

 
 

IBM Deepens Focus on Governance and Risk Management

Big Blue hopes to cash in on America's obsession with compliance as it sheds thousands of jobs.

 

May 15, 2007 — IDG News Service (Boston Bureau) — IBM has become the latest IT vendor to talk up its strategy around IT governance and risk management software and services, a key area that's grown in importance for users struggling to comply with a rising tide of mandated regulations and rapidly changing business environments.

IBM unveiled several new and enhanced products on Tuesday, some incorporating technologies the company has bought, notably the Netcool software from its purchase of network management specialist Micromuse in February 2006. Other acquisitions have also helped IBM beef up its governance and risk management (GRM) offerings such as the purchases of Internet Security Systems, compliance and auditing technology vendor Consul and enterprise content management company FileNet.

Over the past year, companies such as SAP and Oracle have been establishing their own governance, risk and compliance (GRC) business units, basing their efforts on the acquisitions of Virsa Systems and Stellent, respectively. With many customers citing improvement of their current GRC software as a key IT challenge, vendors are rushing to provide the necessary technology.

"Business is moving at warp speed, and customers need help in dealing with the rate of change in their industry, to take advantage of it and to respond to new competition," said Kris Lovejoy, director of GRM strategy at IBM. CIOs need better control of their IT systems and to ensure those systems are aligned to their business needs, she added.

In discussions with hundreds of CIOs, IBM identified the triggers the executives had to deal with in their companies—for example, the ability to respond quickly to a request for legal discovery, Lovejoy said. Then, the vendor worked to come up with software and services to meet those needs, either developing them in-house or acquiring them.

Later this year, IBM will highlight other pieces of its GRM portfolio, including the InSight dashboard it acquired through the purchase of Consul, she added.

The Philadelphia Stock Exchange (PHLX) started looking at how to automate the review of systems logs for potential authorized changes, as well as for access, about eight years ago, according to Bernie Donnelly, vice president of quality assurance and control at the exchange. Four years later, PHLX also began work to become a public company and started voluntarily complying with the Sarbanes-Oxley rules governing U.S. public companies.

The exchange has been an IBM customer for 30 years and has been using Consul's risk management software for 20 years. In an e-mail response to questions, Donnelly described IBM's acquisition of Consul as "a great marriage."

Loading...
 
 
ABCs
 

Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.

Over 25 tutorials on everything from business intelligence to virtualization.

 
 
FEATURED SPONSORS
 
 
 
SPONSORED LINKS
 

7 Requirements of Data Loss Prevention

A Guide to Understanding Hosted and Managed Messaging

Google Apps Premier Edition Helps Indoff Manage E-mail More Effectively

CapGemini Cut Call Center Costs with Google Apps Premier Edition

Comprehensive Review of Security and Vulnerability Protections for Google Apps

Web 2.0 The New Face of the Web

Universal Search in Healthcare Organizations

Google Case Study: Agile Software

Universal Search in High Tech Organizations

Providing Universal Search for Business

Google Case Study: Kimberly-Clark

Put Enterprise Communications on Autopilot

Portfolio Management for Effective IT Governance

Making Enterprise Architecture Work within the Organization

Telepresence - A Realistic Solution Connecting a Global Workforce

Enabling Enterprise 2.0

Customer Hubs Deliver on the Failed Promises of CRM

Live Webcast - Ensuring Business Services Delivery

IT Cost Transparency & Performance Management for Optimizing IT

Solving Online Credit Fraud Using Device Reputation

Stimulating Innovation: Meeting IT's New Mission

Strategic IT Financial Management - Achieve Higher Organizational Performance

New research validates telepresence solutions.

HP Puts Its Disaster-tolerant Capabilities to the Test

Keep proven data center technology. Evolve with Brocade

Best Practices in Choosing and Consuming Managed Security Services

A Guide to Messaging Archiving

2008 Google Communications Intelligence Report

The Impact of Messaging and Web Threats

Comparing Google and Other Leading Messaging Security Solutions

Deploying a Google Search Appliance is Not your Typical IT Implementation

Google Case Study: Pioneer Investments

The Case for Universal Search

Universal Search in Financial Services Organizations

Google Case Study: Sunnybrook Health Sciences

Learn About the Features of the Google Universal Search Solution.

Mission Impossible: Building the Right Project Metrics

Project Portfolio Management - Boost the Value of IT

Embedding Architecture into the Organization

Data Center Asset Planning - Regaining Control of the Data Center

Develop new insights that deliver better business results

"Enterprise-Proven" is the Prerequisite for Enterprise SaaS Portal Solutions

Top 10 Ways to Protect Against Web Threats

The Case for Business Software Assurance ~ Securing Your Applications

The Benefits of Data Deduplication for Data Protection in the Enterprise

Reap the Benefits of Unified Communications

Unified Communications: "More Than Just Talk"

Extending the Enterprise Network Through Mobility

Rolling the dice with your security? Take the Self-Assessment Test now

Industry Analyst Report: Top Hosted Exchange Vendors in 2008