The goal of each organization is to create value
Enterprises exist only to create value for their stakeholders. In the same time they need to comply with laws and regulations and mitigate the risks and especially the information security risks. To achieve their goals, they rely on their information, technology and human resources.
In the light of digital transformation, information and technology (I&T) have become crucial in the support, sustainability and growth of enterprises. Previously, governing boards (boards of directors) and senior management could delegate, ignore or avoid I&T-related decisions. In most sectors and industries, such attitudes are now illadvised. Stakeholder value creation (i.e., realizing benefits at an optimal resource cost while optimizing risk) is often driven by a high degree of digitization in new business models, efficient processes, successful innovation, etc. Digitized enterprises are increasingly dependent on I&T for survival and growth.