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Technology strategy refers to the processes and practices used by organizations to plan and implement successful information technology (IT) solutions. Like a road map, technology strategy guides businesses toward their digital future by providing direction for companies.
You may initially consider technology strategy something for big companies, but it's essential to your business of any size. Technology plays a more prominent role in our lives every day. It's vital to be informed of how you will use your technology strategy to improve various aspects of your business.
Regardless of your technological size, scope, complexity, and business goals, one of the key drivers in developing a successful technology strategy is to manage it by empowering people to make decisions, not just make recommendations. It should be emerging from the top down and thus championed by your CEO/Board. The triad of strategies, tactics, and measures form a critical foundation for effective technology strategy. The choice of strategy you will employ needs to be developed by clarifying how these technologies can support your business objectives.
Your business's technology is critical to its success, from providing customer service to managing inventory. What if you could use technology to help your business with their technology solutions?
Technology strategy is identifying and implementing specific technologies that will help your business achieve its goals. At the heart of this process are three steps:
Developing your technology strategy is critical to the long-term success of your business. Technology strategy can make or break a company. Keeping up with the rate of business technology change can be difficult. Organizations that do not update their technology strategy can be left behind. A valid technology strategy will ensure that you always have access to the best technology for your business.
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