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IT Security as a Business Enabler
The insurance premium for a car with side, passenger and driver airbags is much lower than that for one without any airbags. In many cases, this difference in premiums over the average period that a person owns the car adds up to be more than the cost of the airbags. If this is the case, should airbags be viewed as an added cost or as a source of cost savings or income?
For quite a long time, firms viewed IT as nothing more than the cost of doing business. It was treated as a cost center, and many still do. As the role of IT increased and as the cost of installation and maintenance of IT systems increased, businesses started to take it more seriously. They started to align it more closely with business processes and measuring its ROI.
Gradually, IT emerged as a business enabler that not only helps run the operations smoothly, but also opens up new opportunities, facilitates new initiatives and helps increase revenue. In the 1970s, Borders, Inc., used a state-of-the-art inventory management system to create competitive advantages to leapfrog the competition and become a super bookstore. Later, Amazon used IT to go online and dwarf Borders. The fact of the matter is, today IT is almost universally viewed as a business enabler and not just a cost of doing business.
Now, a subset of IT--IT security--is claiming to be a business enabler and not just a …
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