What is IT Strategy?
There are many definitions of IT Strategy. Which one is true?
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 Definition
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
- 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.
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This IT strategy example specifies how the organization plans to use its ICT systems and infrastructure to achieve business objectives. This document also provides a framework for prioritizing ICT initiatives identified by the IT strategy planning in... This presentation provides an excellent overview of IT Strategy with a focus on the need to develop one: create shareholder value by aligning IT investments with business needs. It introduces a framework for IT Strategy geared towards business IT ali... Use this template to create an IT strategic plan for your organization - aligning business with IT strategy. IT Strategy Template can be downloaded for free by CIO Index members. This research examines the key aspect of Strategic information systems planning (SISP) in the changing business scenario. IT Strategy (Information Technology Strategy or Technology Strategy) is a plan of action to create an information technology capability for maximum, and sustainable value for an organization. This presentation introduces information technology strategic planning aka IT Strategy using an IT Strategy Framework. Good Read!
Posted on 05/18/2009 by