As technology continues to evolve at a rapid pace, the governance of exponential technology, such as cloud and generative artificial intelligence (GenAI), must as well. Due to its criticality to companies, exponential technology, which is new or existing technology that continues to develop and change rapidly, is subject to intense security, safety, and other integrity threats.
Traditional governance processes in companies take a static top-down approach to tech governance. Companies that continue to use static governance processes without adopting a holistic and continuously evolving approach to tech governance risk losing out in these exponential times.
What’s at risk for companies that don’t take this seriously? Nothing short of a loss of visibility and enterprise context of their tech systems, staleness of their tech processes, inefficient utilization of their tech workforce, long incident response times, and suboptimal usage of their tech tools. These translate into higher risk, cost overruns, and suboptimal operations and processes. This leaves companies susceptible to cyber breaches and other security issues.
