Technology strategy
Does Your Technology Strategy Support Your Business Strategy?
Business strategy is about effectively gaining and maintaining a sustainable edge over your competitors. In today’s digital world, your business strategy is dependent on having a supporting technology strategy.
Your business may be starting up, or it may be well established and producing desired outcomes. Technology does not stay still, and neither do your competitors, many of whom will be making the most of technology.
Your Technology Strategic Plan
Your technology strategic plan is the vision and plan of how technology will be utilised to support your business strategy. It defines outcomes and objectives, and what principles and standards will be adhered to. This plan guides all technology direction and deployment in your business. It does not focus on detail, as this is addressed with risk management and system design. The technology strategy is reviewed regularly and kept current.
The technology strategy must also set an appropriate level of security to what makes your business unique. Having your business data or IP fall into the hands of competitors or ex-employees is not an option.
Does Your Business Have a Technology Plan?
Having no technology strategy plan is all too common among SME’s (small and medium businesses). This is often due to both the business owner and the IT company treating technology as a commodity exercise, rather than as a well-oiled plan for remaining competitive. Often there is a distinct lack of connection between business goals and technology strategy. As a result, most SMEs suffer from either incorrect or poor utilisation of technology, stifling efficiency, growth and profitability.
- gives objective advice;
- has a very good understanding of business processes and automation;
- possesses inventive problem solving skills;
- has a thorough understanding of technology principles and standards; and
- is prepared to get the right solution for your business.
- Do you have a comprehensive technology strategy plan or is your IT just a commodity purchasing process?
- Have you written and documented this plan?
- Are you referring to your plan when making decisions about your technology?
- Does the management team refer to and update the plan when making business decisions or course changes?
- What is the key vision and key objectives in your technology strategy?
- What are the core underlying principles of your technology strategy?
- Could someone effectively manage the technology direction of your business and make decisions with this plan?
If you would like to engage our expertise, or require our assistance to answer questions about your existing IT, please contact us.
