How To Build Effective IT Strategy: Five Tips

The main objective of CIOs is to maintain a high level of corporate development taking into account current changes in the market of innovative technologies and solutions. Many CIOs are developing their own strategy within the IT department, but some of them borrow experiences of peers and colleagues in order to spend more time on direct interaction with business.

CIOs must build a strategy that would consider the most innovative ways such as cloud, big data, social networking and more to improve interaction with internal and external stakeholders.

Let’s consider 5 tips provided by some of the most successful CIOs based on their experience.

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1. Create a single business strategy to cover the latest digital technologies

Destruction and decline occur in areas with no significant changes in business models and services for the long term.

Of course, that business growth is driven by technological change, but the most relevant in the digital age is the change that occurs through the use of IT technologies. In the opinion of experts, IT strategy can not be separated from the overall strategy. The CIO approach should be an integral part of the company’s approach.

2. Increase organizational value and quality of IT

The line between the IT department and other departments has almost disappeared today. The company’s success defines IT strategy. Changes in the retail trade are the best examples of how CIOs need to adjust their strategies according to the innovative trends. A striking example is a speed with which digital devices are delivered to stores – from a quick online ordering to an ideal circuit supply chain.

However, the organizational value of the business and its digital growth are not always connected. An example is an automotive industry. The process of modeling cars and software to interface with the customer has been improved, but there was little change in the manufacturing process so business value didn’t increase so rapidly.

3. Convey technical information to business executives in a comprehensible way

It is important to make it clear to the team how important IT technology is and how it can improve business performance. This will help focus on more important issues such as increasing the competitiveness of the company.

4. Allow each business line to choose its own system

Allow each business line to choose its own IT vendor and develop its own system. IT teams will share ideas and learn from each other. This will allow one company to get several solutions to the same problem and choose the best one. In this case, businesses can choose their own technology.

5. Make your business more agile for customers

Companies need to examine customer expectations in the short term to be ready for rapid change. We need to find a quick and easy way to deliver information to the client. Services should be available and at a high level. Agile development companies provide huge business opportunities.

Image: ShutterStock

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