Regulatory Compliance Hampered by IT Lagging

Almost one in three IT decision-makers don’t know which regulatory frameworks their organizations need to align to, and 33 percent see managing IT compliance as a C-level issue. This opens the door to a consultative opportunity for channel partners.

The latest research from Pulsant, a UK provider of hybrid cloud solutions, found that IT decision-makers identified a number of challenges in IT compliance, including maintenance of that compliance (40 percent) and management (43 percent). Lack of time, budget and skills,were also cited as challenges.

“Compliance itself is a challenge that nearly every business faces, an endeavor compounded by lack of budget, understanding and resources,” said Javid Khan, CTO of LayerV, a Pulsant company. “And it is not something that’s over once compliance has been reached; maintaining that compliance is another major challenge considering how quickly the market shifts, regulations change and businesses evolve.”

The research also showed that 83 percent of IT decision-makers said there was room for improvement when it comes to the tools and technologies used in managing compliance. The most-cited added features include real-time alerts, better reporting, open integration with other compliance tools,and more comprehensive monitoring capabilities.

“One of the telling things in the research is that the same approaches are used for both achieving and maintaining IT compliance, yet challenges remain,” Khan explained. “This signals the need for a change in approach when it comes to maintaining compliance, whether that means better tools, more automation or working with a partner to manage the entire process.”

Other findings from the research include that 14 percent of respondents are still using manual processes to maintain compliance, while 28 percent of IT decision makers say that negative impact on customer and stakeholder trust is the primary disadvantage of not having an IT compliance program in place.

The research looked at a sample of more than 200 IT decision makers, C-level executives and compliance officers, across industries.