What every business executive should know about managing IT in a regulated environment
Regulatory compliance has become a business risk. In the US the Food and Drugs Administration has forced a number of US companies to take radical action or face fines.
Regulatory compliance must be built-in, not just added to all major business and IT activities. A cultural shift in which regulatory compliance is built-in can improve business process performance. This is because fragmented IT system investments and regulatory compliance can cost 40% of the IT budget.
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This was first published in October 2002