Cobit 5 Framework 19: Risks Assessment of Information Technology

Cobit 5 Framework 19: Risks Assessment of Information Technology
The report aims to study the impact of IT governance application in organizational operations using COBIT 5. The framework reduces the risk inherent in cloud computing, such as data protection, identity and access management, and virtual operating risks. Research conducted on COBIT 5 gathered quantitatively analyzed qualitative data. Questionnaires were used to achieve the study’s purpose among populations from various fields. The study’s outcome was that all COBIT 5 decisions regarding planning and organization, guidance and control, monitoring, and evaluation affect risk reduction in cloud computing. Based on the study’s findings, the report recommends organizations should activate security control roles to increase application levels against environmental hazards that companies face from cloud computing. Developing and updating information technologies help to keep organizations updated with emerging IT trends.
Introduction
Organizations are increasingly dependent on the information available to create better products and services to gain a competitive edge over their rivals. COBIT 5 fills the gap of information necessity required by companies to provide IT expertise for governance and management. COBIT 5 achieves this purpose by creating optimal value from their IT services to help organizations strike a balance between risk optimization and resource allocation and realizing benefits. The COBIT 5 framework has process referencing models, several governance practices, and enabler tools for supporting organizational governance.
Communication and information revolution enables organizations to interact with all data categories to increase their Information and communications technology (ICT) management affairs.
Technology contributes to building progressive societies and pushes them to establish fostered customer relations to positively impact market share (Okour, 2019, p. 2). Output quality also influences users’ ability to make informed decisions after identifying, planned, and organized corporate IT strategies. Information revolution also helps organizations determine accessibility, use their resources, and deliver them to several management stages (Putra et al., 2017, p. 4). The evolution of information pushes organizations to develop and modernize their methods and tools to continue providing top-notch services.
Technological advancements and IT systems evolution created cloud computing. The originative system refines organizational operations as they endeavor to benefit from IT in reducing business costs. Information technology helps organizations maximize their capabilities by exploring external parties’ supply benefits (Okour, 2019, p. 3). Although IT plays an essential role in cloud computing, aspects and risks related to security get the most attention. Most organizations strive to control information system tools because of the increased need to adopt IT-governing control frameworks. The report aims to determine the influence of IT management on minimizing computing hazards under COBIT 5.
Objectives of the Report
The report’s primary objective is to demonstrate IT applications using COBIT 5 outline to mitigate cloud computing hazards in various institutions. COBIT 5 operates on five principles that strengthen organizations to construct effective management and governance framework. The method helps optimize the information and technological investments for all organizations (Okour, 2019, p. 3). The report’s objective is motivated by the prominence of cloud computing in offering services to organizations across all fields. However, physical, human, and legislative hazards that stem from the usage of cloud computing are among the leading obstacles to implementing technology in organizations (Astuti et al., 2017, p. 570). COBIT 5 framework provides the most prominent solution to the governance of organizational technology. The study’s problems revolve around elaborating COBIT 5’s effectiveness in reducing cloud computing risks.
The Importance of the Report
The essence of this report emanates from its subjects that emphasize information protection to achieve security of prominent contemporary issues and modernity of the residents. It is also anticipated that the report will constitute logical innovation to its users and add to the best practices that guarantee data safety (Okour, 2019, p. 3). Another advantage of the report originates from its application of COBIT 5 to assess risk associated with cloud computing (Puri et al., 2017, p. 44). The report also ensured quality improvement to ease the use of IT services in speeding up operations. COBIT 5 helps organizations to plan, build, and run their activities to improve governance on an ongoing basis.
The Research’s Hypothesis
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