101communications, an integrated media company aimed at specialized targets within the information technology community, announced the launch of the IT Compliance Institute (ITCi).
ITCi offers a global Membership program, educational events, in-depth research and analysis, and unique online resources to provide a single source for mission-critical information about the challenges posed by new regulations in areas such as privacy, security, and governance. At the forefront of its product portfolio, ITCi features the most comprehensive online repository of global regulations and tools and techniques for facing technology-related compliance issues. This unique resource, available in mid-February, is fully searchable by regulation, geographic location, and industry.
Leading industry expert and analyst Adrian Bowles, Ph.D., has been recruited as ITCi's director of education and research, to be responsible for curriculum development and all research. Dr. Bowles is a Research Fellow with The Robert Frances Group and the author of more than 100 articles on IT strategy, management, and application development. He is currently developing collaborative solutions to emerging government regulations. Dr. Bowles earned his BA in Psychology and MS in Computer Science from SUNY Binghamton, and his Ph.D. in Computer Science from Northwestern University.
"IT departments worldwide are being affected by the rapid enactment of government regulations," says Jeffrey S. Klein, President and CEO of 101communications. "And 101communications is committed to providing technology professionals with the information they need to successfully do their jobs. We are uniquely positioned to serve this community with Bowles' broad knowledge of technology compliance issues and 101's extensive resources and experience with business units such as The Data Warehousing Institute, the leading provider of business intelligence education and research. ITCi will be a forum for these professionals to learn, network, share ideas, and respond as a collective whole to the challenges and opportunities facing their industries."
Research indicates that regulatory compliance has already had an enormous impact on business and IT. A survey from AMR Research Inc. in Boston estimates that companies will spend up to $2.5 billion for Sarbanes-Oxley compliance in 2003. Frost & Sullivan in New York estimates that businesses spent $270 million in 2002 to comply with HIPAA. Updating applications and systems to meet regulatory standards and implementing and supporting tools that help companies achieve compliance will account for a large portion of the money spent.
"From records management and storage to business process management and business intelligence, organizations are increasingly relying on IT to reach compliance," explained Adrian Bowles, ITCi director of education and research. "Collaborating with peers can reduce the costs and risks associated with compliance, while presenting a defensible strategy based on best practices to regulators. ITCi is an ideal facilitator for this type of collaboration. ITCi will make sure that IT professionals have a place to turn as they face the challenges of corporate compliance."
For more information, please contact Meighan Berberich, ITCi Director of Marketing, mberberich@ITCinstitute.com.
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