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Today’s most successful organizations recognize that technology is not only a useful tool, but also a strategic driver, critical for achieving their larger business objectives. They understand that succeeding in today’s deeply interconnected world – and thriving in what will be an even more interconnected future – requires a fundamental shift in the way they apply technology in their business, the ways they leverage it across each and every touchpoint and how it supports their bottom line. To achieve this, creating and implementing a technology strategy is crucial.
New hardware, digital solutions and data analytics capabilities are constantly on the horizon waiting to disrupt not just how work gets done, but also whether that work is even relevant anymore and what has taken its place. That’s why having a comprehensive technology strategy is more important than ever. Increasingly, it is become an essential component of the broader business strategy to the point where one cannot succeed without the other.
Technology strategy is not only:
Technology strategy also includes:
With a strong strategic foundation to work from, businesses can then look tactically to decide the most effective ways to translate their plans into action. This involves prioritizing needs and wants of the organization to understand the most effective cost-efficient path forward, then taking the necessary action. This could mean:
Each of these pillars offers potentially invaluable benefits. So, it can be tempting to pursue them all at once. But doing so often requires resources and manpower that is not immediately available. That’s where a knowledgeable technology advisor can help. They help you avoid taking a shotgun approach by identifying what areas will offer the greatest return on investment and then connect you with the right solution architect for the job. They help you gain value and achieve measurable results by ensuring every technology decision is at the same time a strong business decision.
Plan, execute, secure is a simple and effective process that every organization can leverage to ensure they’re getting the most out of their technology spend. It is most effective when paired with strategic business planning activities at annual or even informally at semi-annual intervals.
Plan – This involves integrating technology strategy with business planning, marketing and human resources strategy. It requires mapping out:
Execute – Once you know how your business strategy will influence technology infrastructure and expertise, the next step is to put those pieces into place. This includes:
Secure – Finally, no technology strategy is complete without a cyber security strategy to ensure the safety of your network and systems. It includes:
Tomorrow’s technology is shaping business today. To ensure your technology strategy is contributing its full potential to your organization, contact Tony Balasubramanian, National Leader, Technology Advisory Services, at 403.537.8421 or [email protected].
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