IT Strategy2024-04-02T12:08:17-04:00

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IT Strategy

A plan that outlines how an organization will utilize technology to achieve its business objectives and goals, specifically aligning the use of technology with the organization’s overall vision, mission, and objectives.

What is IT Strategy

An effective IT strategy enables organizations to leverage technology as a strategic asset to drive innovation, improve efficiency, enhance customer experience, and gain a competitive advantage in the market. It is an in-depth plan bringing together a technology roadmap, resource availability (both human and financial), risk and compliance, oversight, and a measure of innovation. Critically, this strategy is directly informed by the vision, mission, and business plan for the organization.

How TechCXO can help develop an IT Strategy

A TechCXO IT leader can work directly in conjunction with the company’s senior leadership team to understand the objectives and goals of the organization. They can then work with both the leadership team as well as the IT team to build an IT strategy that will support the business in achieving its mission and vision.

Business Objectives Alignment

Ensure that the company’s IT strategy closely aligns with its broader business objectives and goals. Does the IT strategy support the business in achieving its mission and vision? Does the IT Strategy account for the company’s growth strategy, and what will be required to achieve that growth?

Technology Roadmap

The company’s technology roadmap outlines the technology initiatives and projects required to support the business objectives over a specified time frame. This roadmap may include hardware and software upgrades, implementation of new systems, digital transformation initiatives, organizational training, security stack implementation and improvements, or compliance requirements (among other things).

Resource Allocation

Engaging in new technology initiatives can have significant demands on the company’s IT Budget and human resource availability. Ensuring that senior leadership is aligned with and supportive of these initiatives and the sequence in which they occur is critical to executing the IT strategy effectively.

Risk, Security, Compliance

As a part of the company’s IT strategy, it must identify potential risks and challenges associated with technology implementation and develop strategies to mitigate these risks. Additionally, it must ensure that the IT strategy includes measures to protect the organization’s data and systems from cyber (and other) threats and that it complies with relevant regulations and standards.

Innovation & Emerging Technologies

Successful organizations keep an open perspective on emerging technologies and technical capabilities that can be applied to how they conduct business. As such, evaluating new and emerging technologies that could provide strategic advantages to the organization and incorporating these into their IT strategy where appropriate can have a positive impact on the company’s IT effectiveness.

What to Expect

Experience and Expertise

TechCXO IT Leaders bring long careers in managing corporate technology to the table. Many of our IT Leaders have a broad range of experience in different industries and company sizes, and at the same time, many have experience in very bespoke technology systems, regulatory environments, and organization types.

Passionate Guidance

TechCXO IT Leaders have been successful in their careers, in part, because they bring to their work a passion for technology in general and for how technology can enable a business to realize its strategy. This passion is conveyed through how we work with our clients on a daily basis.

Business Alignment

TechCXO IT Leaders are highly focused on ensuring that the business needs (current and anticipated) are put first in guiding the company’s IT strategy. Understanding the company’s current business and future business roadmap allows the IT Leader to architect, budget, and deliver an appropriate IT strategy that supports the business’s needs.

Excellent Communication

The ability to be a clear communicator (whether to a company’s senior management, to a company’s internal teams, or a company’s vendors) is critical to the success of an IT Leader. This is especially true in the ability of an IT Leader to be able to translate between the business teams and the technology teams of a company – all too frequently, the conversation between these functions in a company results in misunderstandings, which in turn can lead to very costly technology mistakes. A TechCXO IT Leader focuses on ensuring that all the teams stay on the same page.

Impact

Clear IT Direction

Developing a comprehensive IT Strategy allows the business leadership and the IT Team to understand their IT mission clearly and to have visibility into what will be required to achieve it.

Alignment of IT with the Business

The business will be able to understand how specific IT initiatives are intended to support specific business goals and expectations

Effective Execution of the IT Strategy

A TechCXO IT leader can work with the business to deliver the goals of the IT Strategy and technology roadmap that was developed.

Our Team

Ian Findlay
Ian FindlayPartner - Interim & Fractional CIO
Sam Schneider
Sam SchneiderPartner - Product & Technology; Interim / Fractional CIO
Dan Brown
Dan BrownPartner - Product & Technology; Interim & Fractional CIO, CTO
Kirby Winters
Kirby WintersInfoSec Practice Lead / Fractional CiSO / Interim CTO / Fractional CIO
Greg Smith
Greg SmithManaging Partner, Product & Technology
David Johnston
David JohnstonPrincipal, Product & Technology

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