Why every business needs an IT strategy

Information Technology – better known as IT – plays a crucial role in the operation of a business. Business owners now realise the importance of implementing IT to keep things running smoothly on a day-to-day basis.

IT is the implementation, support, or management of computer-based information systems and typically includes servers, hardware, networks, and software.

The process of preparing an IT strategy:

• Assess and understand IT capability in the context of your organisation.
• Measure its value to the business – to all stakeholders concerned.
• Understand how to maximise its merit for the long term.
• Create a strategy by which all IT action plans are measurable to ensure they contribute to that overall strategy.
• Understand that it is an ongoing process to be reviewed, refined and developed over time.

What is an IT strategy?

An IT strategy is a strategic plan that outlines how technology should be used and implemented within a business in order to achieve goals and keep the company’s operations flowing. A written document detailing multiple factors that can affect the company and plans how to avoid these obstacles outlines the strategy.

5 Main components of an IT strategy:

• User-friendly for all employees to be able to understand.
• Aligned with business goals and plans for the future.
• Focus on IT support currently implemented and how to expand on this.
• Adaptable to change with your business.
• Cost-effective.

The benefits of implementing an IT Strategy:

• Cost savings by automating tasks.
• Electronic central management.
• Smoother collaboration.
• Data sharing between employees using Cloud technologies.
• Knowledge management.
• Delegation of decision making.
• Creates defined goals and ways to achieve them.
• Highlights risks or weak areas of your business.
• Stand out from the competitors.

How can an IT strategy improve your business?

A robust and well-implemented IT strategy will ultimately help strengthen and support daily operations and how to develop a long-term plan (new architecture, new systems, new technologies).

An IT strategy is essential in most companies today to maintain the business plan and manage risk. As a company owner, understanding and implementing your strategy will ensure that your business is up to standard to challenge its competitors and stand out in the market.