To begin with,the basic framework of all aspects of business, from soliciting customer and competing in the market to production and services,is getting redefined as more and more companies are becoming globally connected.
Today IT has become a strategic value creators and differentiators for most of the companies.Therefore it needs to be managed strategically,effectively and efficiently to optimize its benefits.This blog encapsulates the proven principles and practices of IT strategy and provides a holistic perspective of its planning,execution and management.
We are going to critically examine information technology as a strategic resource,the needs for strategic approach for its management,and the necessity of IT alignment with business strategy.Further we will examine how to prepare an effective plan for the implementation of in formation strategy. More so we will show you how to evaluate the impact of IT on organizations and their workforce,and to measure returns on IT investment.
We are going to critically examine information technology as a strategic resource,the needs for strategic approach for its management,and the necessity of IT alignment with business strategy.Further we will examine how to prepare an effective plan for the implementation of in formation strategy. More so we will show you how to evaluate the impact of IT on organizations and their workforce,and to measure returns on IT investment.
What is IT Strategy?
There are some terms that are used more than they are understood. IT Strategy is one of them. On the one hand, people mystify the term and use it with reverence. "IT Strategy" gets a great deal more respect than say "programming". On average, IT Strategists are paid more than programmers. So the mystique is maintained and feeds its own success. On the other, the term is thrown around as if it were a commodity. From programmers to CIOs, everyone is doing "IT Strategy"! Everyone has an opinion on IT Strategy. Everyone has a definition of IT Strategy. With so many definitions of IT Strategy, it is not clear what people are "saying" and what listeners are "hearing"!
The good news is that the definition of IT Strategy is not any one person's purview. No one owns the term. However, the bad news is that one needs a clear definition of the term to get some work done.
So, what is IT Strategy?
IT Strategy is an iterative process to align IT capability with business requirements:
There are some terms that are used more than they are understood. IT Strategy is one of them. On the one hand, people mystify the term and use it with reverence. "IT Strategy" gets a great deal more respect than say "programming". On average, IT Strategists are paid more than programmers. So the mystique is maintained and feeds its own success. On the other, the term is thrown around as if it were a commodity. From programmers to CIOs, everyone is doing "IT Strategy"! Everyone has an opinion on IT Strategy. Everyone has a definition of IT Strategy. With so many definitions of IT Strategy, it is not clear what people are "saying" and what listeners are "hearing"!
The good news is that the definition of IT Strategy is not any one person's purview. No one owns the term. However, the bad news is that one needs a clear definition of the term to get some work done.
So, what is IT Strategy?
IT Strategy is an iterative process to align IT capability with business requirements:
$.It is a process not a point in time event
$.It is iterative - success comes after multiple - do and learn - cycles
$.The key is the alignment of business and IT capability rather than designing IT to address business requirements
$.It is iterative - success comes after multiple - do and learn - cycles
$.The key is the alignment of business and IT capability rather than designing IT to address business requirements
Well,The former assumes that both capabilities drive each other
The latter assumes that business drives IT and not vice versa
IT Strategy sets direction for IT function in an organization
Ensures that maximum IT dollars are spent on value creation activities for the business
Ensures that these dollars create the maximum value
IT Strategy helps create shareholder value. In other words, it helps maximize the return on IT investments.
Thank ya!
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