What is IT Strategy (Information Technology Strategy)?


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.

For a complete discussion on the definition of IT strategy, please visit the CIO Wiki.

See Also


Download
Documents are in common file formats such as Microsoft Word (doc), Powerpoint (ppt), Excel (xls,csv,xlsx), and Adobe pdf.


Related

7 Steps to Business and IT Alignment No business will ever reach the goal of “business and IT alignment”. Let me explain. The goal of perfect alignment is unachievable because of the d...
8 Step IT Strategic Planning & Governance Pro... This presentation will provide you with an understanding of the IT Strategic Planning & Governance creation processes, disciplines and tools so yo...
A Balanced Scorecard for CRM Effectiveness ABSTRACT   Customer relationship management (CRM) has become one of the leading business strategies in the new millennium. CRM is a broad term ...
A Balanced Scorecard for Information Security  This presentation describes a balanced scorecard based approach to information security or information risk management. The presentation discus...
A Capability Based Model for Business IT Alignment This presentation deals with business IT alignment from a capabilities perspective - actually actively promotes the use of capabilities based model an...
A Framework for Business IT Alignment This paper provides invaluable insight into the key concepts of aligning business strategy with IT strategy. It discusses the following: What is bu...
A Framework for Developing an IT Strategic Plan The framework: Is non-prescriptive except for the recommended initiatives Acts as a guide for senior IT executives as to the scope and depth of analy...
A Framework for Developing IT Strategy A very good discussion on developing IT Strategy including detailed steps and explanations. Must Read!
A Framework for IT Investment Management This document presents and excellent framework for IT investment management. It provides and complete coverage if the IT investment management process...
Do NOT follow this link or you will be banned from the site!