Risky Business: Results From The First-Ever IBM Global IT Risk Study
IBM recently undertook its first-ever Global IT Risk Study to uncover the challenges associated with IT risk, and the steps IT managers and CIOs are taking to better understand, confront, and resolve this concern.
This survey was conducted in May and June of this year, in cooperation with the Economist Intelligence Unit. The survey was conducted online with 556 IT managers and others involved in their business’s IT function, and included 131 CIOs. Regions throughout the globe were included, including North America, Western Europe, Asia-Pacific, the Middle East and Africa, Eastern Europe, and Latin America.
To get the flavor of the full report, I would encourage you to register and download the full report — there are way too many important details to cover here.
But in terms of big picture results, the survey provided some key directional indicators on where IT managers and executives’ concerns mostly lay, and just as important, what they should consider doing about them.
First, in terms of risk maturity. Few of today’s organizations are “risk mature,” or fully prepared for all risk situations that may occur. The lack of a risk-aware culture plays a big part in this lack of maturity.
Second, culture. Without a risk-aware culture, even the best efforts to mitigate risk may not succeed.
Third, and no major surprise, data protection and privacy. Data is the unifying concern across all IT risk management domains.
And finally, emerging trends. Clearly on the radar is the need to incorporate cloud computing, mobile technology, and social networking into the existing infrastructure.
In fact, the risks surrounding social networking technologies was near the top of the list of IT respondents’ concerns, with some 64% of them indicating it was “Extremely risky/risky”.
IT security was also prevalent in the study as a primary concern, with some 78 percent of IT professionals concerned about vulnerability to hackers and unauthorized access/use of company systems.
Providing Actionable Intelligence For IT Risk
After reading through the data and responses from the IBM Global IT Risk study, you may develop an inclination to set out for the closest tall building and jump.
That would be foolhardy and simply add insult to injury where your company’s risk profile is concerned. They need you — whether they know it or not is another story.
No, the good news amidst all the bad is that the IBM report also provides some actionable intelligence, recommendations for how to improve your risk situation based on the concerns expressed by IT managers worldwide.
Starting with the simplest, but most obvious, advice: Examining and assessing your organization’s IT risk maturity so you can focus on the areas that will best help your business.
Learning how to “sell” the benefits of risk mitigation, helping your colleagues understand it’s a means by which you can help bolster business growth and improve brand perception.
Or determining how to raise the level of risk awareness throughout the organization, so the burden doesn’t fall on a single set of organizational shoulders (read: Yours!).
You’ll find a wealth of this and other valuable information and counsel in the report. And on Wednesday, September 29th, 2010, you can watch a full virtual event on the presentation of the findings and their implications.
Visit here to get all the details of the Webcast and to download the full report.
And please, in the meantime, stay away from tall buildings.