GRC initiatives impact IT integration strategies

GOVERNANCE, RISK AND COMPLIANCE CHALLENGE I.T. INTEGRATION STRATEGIES 450 senior I.T. managers reveal to Ovum impacts of governance, risk and compliance (GRC) initiatíves on integration strategies Growing pressure on I.T. coming from GRC officers *Chief Information Officer, Chief Information Security Officer, Chief Risk Officers BESEARCH BU Failed a security audit in the last 3 years OVUM Average costs per breach record $350 23% Average global cost of a data breach No confidence in A passing a compliance audit with the existing transfer solutions M$ 3 17% What is important for GRC officers? Data loss prevention Business continuity 80% 82% OPEN 84% 86% Protecting against cyberthreats Compliance monitoring Leading to investment in integration Ouum ICT Enterprise Insights survey results (2013) Interest in major infra transformation 23% 15% Consider a new integration solution 38% Plan to invest in modernízation projects Need to improve SYNERGY with GRC Data security, Privacy and governance are integral elements of integration strategy There is a little synergy between integration strategy and data security, privacy and governance frameworks and policies 58% 71% Drivers for Integration strategy More stringent compliance requirements C 74% On-premise and cloud based applications/systems 75% 80% Need for a 360" view customer engagement and relationship 79% %24 Need to reduce the costs of integration Current state of integration File Transfer is key, API is growing. However FTP is used by 90% of respondents DA On average 4% of FTP-based file transfers fail On average about 32% of the business-critical processes involue file transfers 100 AZA 69% B2B 78 40% In the next 2 to 3 years 69% are having a level of integration between existing application and B2B integration infrastructure 38 % already have a plan in place API is growing Governing the flow of data is critical Reduce the cost to Guarantee SLAS through end-to-end real-time visibility and auditability provision and operate </> Manage compliance and enforce policies and security rules Improve time to market API B2B MFT Online webinar and full report available on October 15 More information on http://www.axway.com ахway business in motion Source: Ovum, 'The Imperative for Effective Data Flow Governance in Response to Security, Risk Mitigation and Compliance Requirements." an Axway-sponsored white paper by Saurabh Sharma. Senior Analyst, October 2014 OVUM