There has been a lot of talk lately about the new COBIT 5 framework and the differences and benefits it offers over COBIT 4.1
One of the core differences is the alignment of IT objectives with business objectives in COBIT 5, so that all parts of a business can find real value in information governance and control. It aims to show a clear business value for organisations using the framework, so that general senior management as well as the IT Director will not only support its adoption, but actively promote it within the whole business.
Essentially, COBIT 5 helps business leaders address the needs of all stakeholders across the organisation and ultimately maximise the value from information and technology.
Apart from supporting compliance and improving integration of information security, the main benefits of COBIT 5 are to reduce complexity and increase cost-effectiveness, which will obviously add value to the bottom line. But, more importantly COBIT 5 focuses on achieving strategic goals and realising business benefits through the effective and innovative use of IT. It is this strategic approach towards IT that helps organisations of all sizes create value.
The principles, practices, analytical tools and models found in COBIT 5 embody thought leadership and guidance from business, IT and governance experts around the world to achieve real financial benefits.