Why create Technology Strategy?
Companies include technology in their business plans to achieve many things that help the business become more successful. Here are 6 basic objectives of an organization that should be in strategic plans:
- Increased Productivity
- Increased Profitability
- Improved Security
- Increased Teamwork
- Fewer Surprises
Our Step-By-Step Approach
The accountability and strength of technology strategy can have an incredible impact on your organization. Reliable Inc. realizes 7 steps for creating a technology strategy that will work for your business.
Step 1: Build a team
Put together a team of people who have a sense of ownership. This improves engagement and helps to develop the skills of staff members on the team.
Step 2: Align with the business’ objectives
The classic approach is to be aligned with the business strategy. The process of alignment requires to educate stakeholders to deep dive into the business. This engagement and feedback process is critical to attaining the magic moment of alignment.
Step 3: Draw up a proper plan
Create a plan that establishes the correct parameters and illustrates exactly what needs to happen during at least two, and ideally three years, but it is important to ensure to be focused on long-term objectives. Taking a medium to long-term view will allow a true transformation to be planned and executed. Such large-scale changes always take more time and effort than anticipated to make this clear to the team.
Step 4: Align the architecture roadmap with the strategy
Having the IT strategy and architecture roadmap fully aligned is mandatory – it’s essential to have some clarity on the ‘wants, needs and givens.’ The architecture roadmap will provide a ‘lens’ on these givens along with grounding on the current and future state. Architecture roadmap will provide a technical view of the maturity of the current applications and hardware infrastructure.
Step 5: Make strategic choices
There will never be sufficient funds and resources to meet every demand regardless of the size of an enterprise. This is always a hard pill for the business partners to swallow and there will be a strong push to over commit. There it is important to well define In Scope and Out of Scope items in the project charter.
Step 6: Realise the ‘business of IT’
IT strategy will provide a framework for how IT is to be managed. This is what we call the ‘business of IT’ and this framework includes ‘organizational architecture’ aspects such as structure, capability, and competencies.
Step 7: Sign off
We are near the end, but it is not over yet. A symbolic process is an engagement and communications using broad and targeted messages. Once the strategy is signed off and endorsed, it can then be shared more broadly across the enterprise.
You’re now ready to start executing…