CIOs
facing a rising bills to meetgovernance, risk and compliance regulationsmay be able to control their costs better if they turn to
new purpose-builtsoftware, according to
a recent summit by Gartner.
The research firm
says the regulatory requirements that directly affect IT
operations will double in the next five
years.
Gartner said firms
that integrate their approach to risk,
compliance, standardisation of controls, and automation will
cut their manual overhead by 70%. Those that do not integrate their
approach will spend ten times more on the IT portion of compliance
projects.
IBM, SAP and Accenture are just a few of the
firms that hope to capitalise on this analysis. All have introduced
new over-arching identity management and provisioning systems to
control access to and monitor use of underlying
applications and data.
The
development comes with a new buzzword, W7
methodology (Who, did What, When, Where, Where from, Where to and
on What), which IBM is trying to patent.
The underlying
idea is to support auditors’ needs by translating vast amounts of
captured security data into a common format that can be easily
understood by someone not intimately familiar with all facets of
the various areas from which the data have been collected.