Poor IT governance can have a negative impact on almost every area of the business. If technology is inefficient or not up to scratch for the task at hand, you’re adding unnecessary costs as well as hurting the business in terms of performance and productivity.
A lack of IT governance can also lead to security gaps and regulatory failures, which can quickly cause compliance breaches or cyberattacks. It will also soon cause frustration amongst employees, who expect to be able to use technology to support them in eliminating manual tasks and making their work easier, and won’t feel loyal to a company unless technology is available and best-of-breed.