Creating a Business Technology Strategy

 

In the past, technology implementation was a lower priority project tacked on after other business projects were complete. Today, businesses can use technology to run a more profitable and competitive business. They can strengthen product development, gather customer insight, increase worker efficiency, and much more. With thorough research and planning, business technology projects can reinforce the vision, mission, values, and goals of an organization. Consider creating a business technology strategy.

According to ICT Knowledgebase, a business technology strategy can enable an organization to:

• Reduce costs
• Standardize work processes
• Improve workflow and communications
• Sustain repeatable service levels
• Control risk
• Implement new business strategies
• Facilitate growth
• Gain a competitive advantage

 

The strategy document itself will likely include the following and more:

• Business mission, vision, and values
• Business goals
• Economic, demographic, industry, and technology trends
• Current business processes
• IT asset identification
• Budgetary constraints
• Functions of the IT department
• Technology road map


A business technology analyst, such as SwiftTech Solutions, can help your organization prepare your business technology strategy. For more information, please contact SwiftTech Solutions at 877-794-3811 or email This email address is being protected from spambots. You need JavaScript enabled to view it..


SOURCES
Rouse, M. IT strategy (information technology strategy) definition. (2012, August). Retrieved from: http://searchcio.techtarget.com/definition/IT-strategy-information-technology-strategy
Fenwick, N. Business Technology Strategy Template. (2013, September 20). Retrieved from: http://blogs.forrester.com/nigel_fenwick/13-09-20-business_technology_strategy_template
Beveridge, C. Aligning IT with Business Strategy. Retrieved from: http://www.ictknowledgebase.org.uk/fileadmin/ICT/pdf/NCC/Align_IT_with_strategy.pdf
Fenwick, N. Adopt a business technology strategy to gain competitive advantage: Forrester. (2011, March 18). Retrieved from: http://www.cio.com.au/article/380221/adopt_business_technology_strategy_gain_competitive_advantage_forrester/
Nixon, N. Technology Strategies for Business Plans. Retrieved from: http://smallbusiness.chron.com/technology-strategies-business-plans-2592.html
Fenwick, N. 4 steps in developing a business technology strategy. (2011, January 10). Retrieved from: http://www.cio.co.uk/insight/strategy/4-steps-in-developing-a-business-technology-strategy/

 

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