IT Strategy

What is IT Strategy?

A framework set for a particular goal or objective related to IT. The framework can provide a strategic plan outlines for organizations to how they should operate in terms of IT operations, requirements development, change management, and project planning. IT Strategy sets directions for IT functionality in an organization and comprises a long term organizational objectives used by the IT management professionals as guidelines for long term IT goals and to achieve those goals. The strategy also aids organizations to keep pace with the rapidly changing technological and business environments.

Tools & Best Practices

IT Strategy tools, techniques, and best practices include:

· SWOT - a strategic planning technique used by individual or organizations to identify weaknesses, strengths, opportunities, and any type of threats relating to business project planning. Using SWOT, enables organizations to collect related data and help to build a strategy to place their business in a desired direction. [2]

· Benchmarketing - a process used by organizations as means of measuring products, services, and processes against known organizations which consider to be leaders in one or more aspects of operations. Benchmarketing provides detailed information to those businesses which try to understand their business performance in compare to similar businesses regardless of whether those businesses are in the same business market or have different group of clients. [3]

· ITIL – a framework is defined as service strategy phase which deals with deals with anticipating current and future business needs and holds major processes such as service portfolio management, financial management, demand management, and strategy management for IT services. The value of service is optimized for relationship between client and organization.