Today, COBIT is used globally by all IT business process managers to equip them with a model to deliver value to the organization, and practice better risk management practices associated with the IT processes. The COBIT control model guarantees the integrity of the information system.
COBIT stands for Control Objectives for Information and Related Technology. It is a framework created by the ISACA (Information Systems Audit and Control Association) for IT governance and management. It was designed to be a supportive tool for managers—and allows bridging the crucial gap between technical issues, business risks, and control requirements. COBIT is a thoroughly recognized guideline that can be applied to any organization in any industry. Overall, COBIT ensures quality, control, and reliability of information systems in an organization, which is also the most important aspect of every modern business.
The COBIT business orientation includes linking business goals with its IT infrastructure by providing various maturity models and metrics that measure the achievement while identifying associated business responsibilities of IT processes. The main focus of COBIT 4.1 was illustrated with a process-based model subdivided into four specific domains, including:
All of this is further understood under 34 processes as per the specific line of responsibilities. COBIT has a high position in business frameworks and has been recognized under various international standards, including ITIL, CMMI, COSO, PRINCE2, TOGAF, PMBOK, TOGAF, and ISO 27000. COBIT acts as a guideline integrator—merging all solutions under one umbrella.
The latest COBIT version 5 came out in April 2012 and consolidated the principles of COBIT 4.1, Risk IT Frameworks, and Val IT 2.0. This version draws reference from IT Assurance Framework (ITAF) from ISACA and the revered BMIS (Business Model for Information Security).
COBIT is being used by all organizations whose primary responsibilities happen to be business processes and related technologies—all organizations and businesses that depend on technology for reliable and relevant information. COBIT is used by both government and private sector organizations because it helps in increasing the sensibility of IT processes.
Enroll today for the COBIT Certification Course that covers the principles and enablers that form the basis of the COBIT 5 business framework.
All previous versions of COBIT faced a variety of criticism; they were thought to facilitate limited opportunities—and sometimes even adverse results. A major IT firm found that COBIT practices can actually lead to a “Hot Potato” situation wherein all stakeholders had passed on the tasks down the line. Critics maintained that COBIT 5.0 encouraged paperwork and rote rules rather than merely promoting IT governance engagements and improving accountability.
COBIT 5.0 addressed all the criticisms in a sustainable manner. It now encourages all organizations to govern and manage information in the most holistic and integrated manner. The guiding principles of COBIT 5.0 are:
In several cases, COBIT 5.0 has been appreciated for its ability to reduce the risk of IT implementations. IT initiatives typically require quick, agile adaptations that simultaneously need regular buy-ins from stakeholders and other users. The COBIT 5.0 framework has been able to bring about a collaborative culture within the organization and this better met the needs, risks, and benefits of all IT initiatives.
A COBIT 5.0 Certification not only prepares professionals for the global challenges to the business IT process but also delivers a substantial amount of expertise information on:
The professionals best suited for COBIT methodologies are those who are already in a position to understand the nuances of IT governance in business management practices. The course will be especially beneficial for:
While the modern world is gearing towards an environment of several emerging technologies, including Consumerisation, Cloud Computing, Social Media, Big Data and Mobility, information and IT is easily the new currency. Technology ensues massive volumes of information chunks to be easily supported and managed. This raises the success rate of businesses, but at the same time raises other challenging and complex management and governance concerns for the security professionals, enterprise leaders, and governance specialists. New businesses demand that risk scenarios are better met with the power of information. COBIT 5.0 is the exact solution the modern businesses are asking for.
While the modern world is gearing towards an environment of several emerging technologies, including consumerization, cloud computing, social media, big data, and mobility, information and IT is easily the new currency. This raises the success rate of many organizations, but at the same time raises other challenging and complex management and governance concerns for security professionals, enterprise leaders, and governance specialists. New businesses demand that risk scenarios are better met with the power of information. COBIT 5.0 is the exact solution the modern businesses are asking for.
Get trained and certified in COBIT with Simplilearn’s COBIT certification course. When you’re ready, you can even take a free COBIT 5 certification practice test.
You can also check out Simplilearn's video on Introduction to COBIT 5 Foundation Training.
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