IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals. An IT strategy is a written document that details the multiple factors that affect the organization's investment in and use of technology. Ideally, this strategy should support and shape an organization's overall business strategy.
A good business strategy clearly defines what success looks like for the enterprise and what priorities the enterprise will set to achieve it. A good IT strategy, in turn, defines how information and technology will help the business meet its strategic objectives. When there is a close relationship between an enterprise’s business strategy and its IT strategy, there is a greater chance that it will realize its strategic ambition.
In organizations that lack clarity in its business objectives, or have set transient objectives, IT strategy could focus on a base set of business capabilities. These should be either mandatory, urgent, foundational or common to a wide range of scenarios, as these will always be required. Focusing on them will therefore make the IT strategy more resilient to change.
The point here is that just like the organization prepares a financial and operational budget that is aligned with its capabilities and capacities and is forward looking as well, the IT strategy must not be pursued in isolation but must be in tune with the business and corporate strategies. This is the reason why the IT strategy in most organizations has become part of the corporate planning department so that all the three strategies complement and supplement each other.
Business leaders and staff base an IT strategic plan on their technology’s relationship to desired outcomes. It takes careful analysis of your business performance. Your organization’s opportunities, risks, strengths, and weaknesses will also shape the plan. You can identify the resources and barriers at play by weighing the goals you’re currently working toward against the ones you aren’t ready to prioritize.
Strategic planning solutions thrive with iterations over time. When you reach your short-term goals, take stock of the plan’s success and proceed with your long-term objectives if you see the desired results. On the other hand, if you fall short of projections, revise the plan to circumvent any issues you see
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