Indian IT companies should take bigger risks: survey

Despite the tough economy, one in three IT professionals in India believes that companies should take bigger risks with business projects related to information technology (IT). According to a survey of 463 IT professionals in India, their companies should take on riskier projects that often have a higher return on investment. Conducted by ISACA, a global association of 86,000 IT governance, security and assurance professionals, the survey found that more than one-third (34.4%) of respondents believe that their own organizations are too risk-averse and may be missing out on opportunities to increase value.

While more than 85 % of respondents think their organization effectively integrates IT risk into overall risk management, more than 30% say that business lines are not willing to fully engage in risk management. This lack of engagement was reported to be the top hurdle to effectively addressing IT-related business risk, but budget limits (29.6%) and uncertainty of how to tailor best practices to the environment (18.1%) are also problematic, according to the IT professionals surveyed