3 Reasons Why You Should Create a Strategic IT Plan for Your Business
Strategic planning acts like a compass for any organization, offering the right direction for growth. It is through a comprehensive strategic plan that an organization is able to decide what goals and vision it wants to achieve, what steps and actions need to be taken and in what order. Since most organizations today have an IT-driven environment, it becomes essential for the organizations to have a strategic IT plan too, in addition to their business strategic plan. Given how closely information technology is intertwined with business operations, the growth prospects of an organization can very well depend on its strategic IT plan for the next 4 to 5 years.
If you don’t have a strategic IT plan yet, here are a couple of good reasons why you should think about creating one soon:
To Get Measurable Value from Your IT Infrastructure
Implementing technology is useless if it fails to yield any measurable value and visible benefits for your business. A strategic IT plan helps you get a clearer view of how you should plan and implement technology for your business in order to get results that you can be happy about.
A good plan will be based on your exclusive business needs and objectives, trying to accommodate technology within your overarching corporate strategy efficiently. So, if you have set a goal of improving your yearly profits by 20%, a strategic IT plan may focus on how your business workflows or product/service delivery can be streamlined by the means of technology improvements, so that you are able to realize this target. The plan may also look into areas of the business where technology presence can be strengthened (or technology use can be introduced) to minimize overhead costs.
Without a strategic IT plan, there would be no way for you to get your corporate goals and technology investments on the same page. Such a lack of synchronization between two critical components of your business can cause you to keep shelling out money on IT without getting anything substantial in return. But, when you have an IT strategy that draws a clear connection between your technology planning and corporate strategy, you can rest assured that your technology related investments aren’t going down the drain. Moreover, if your IT plan uses metrics for measuring technology performance and success, then you can have even more concrete proof that your investments are working out well.
To Not Get Thrown Off by the Unpredictable Future
Like your typical business strategy, an IT strategy too is future-oriented. It not only considers what your IT outlook should be today, but it also takes into consideration what your IT outlook should be a few years down the line. This requires anticipating where the business could reach in the future and how can the technology use be evolved to meet the business where it has reached. It’s more than just about predicting and preparing for the growth, though. In addition to growth, a number of unpredictable changes too could happen for your business. Emergencies and surprises can interrupt your regular flow of operations any time. Not having a strategic IT plan in place can easily derail your business from its defined path in this case.
On the other hand, when you do have a strategic IT plan in place, you will not get thrown off by the unpredictable events so easily, because the plan takes into account various contingencies and the appropriate way to respond to each of them. Hence, the long-term perspective of a strategic IT plan helps you stay prepared, in advance, for whatever may unfold in the future.
To Protect Business from Risks, Weaknesses, and Other Challenges
What would a business not give to be free from challenges like weaknesses and threats and simply focus on the opportunities. Well, as it turns out, all it takes to achieve this state is creating a strategic IT plan. The technology plan is created on the basis of analyzing your business from every angle, internal and external. This makes it possible for the plan to identify both challenges and opportunities, and also give recommendations on the best ways to manage both of them.
So, suppose you wanted to understand what implementing a certain technology mean for your business. Is the implementation financially feasible for you? What risks and hurdles are you likely to face during the implementation? Will implementing this technology be profitable for you? The answers for questions like these are hidden in your strategic IT plan, because your IT plan is a true reflection of your IT capabilities. Therefore, instead of speculating what may or may not happen, you can take a well-informed decision about whether you should be implementing the technology or not.
Who Should Create Your Strategic IT Plan?
Now that we’ve covered why you should create a strategic IT plan, let’s talk about who should create one for you. To get a truly objective strategic IT plan, it’s best to consult a managed IT services provider for the same. Given that creating this plan requires time as well as expertise, an IT services provider can get the job done promptly and professionally.