The IT Governance Dimension
Information technology is an increasingly important element of organizational products and services and the foundation of enterprise-wide processes. The tight linkage between IT and organizational processes means that the IT unit cannot bear sole responsibility for the effective use of information and IT. As a result, “getting more value from IT is an increasingly important organizational competency, and leaders throughout an enterprise must develop this competence” (). This message is strong evidence for the necessity of a better understanding of the mechanisms that govern the information life cycle, and consequently, the correspondent information technologies inside and across enterprises. Aside corporate governance, the IT governance is becoming a crucial activity in modern enterprises, and for this reason, this chapter presents the most important aspects that relate the architecture dimension of enterprises and the architecture of markets to the growth of enterprises and of markets. The chapter also examines some aspects of measurement of IT governance implementation and presents important recent features of IT governance in financial markets.