IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals. An IT strategy is a written document that details the multiple factors that affect the organization’s investment in and use of technology. Ideally, this strategy should support and shape an organization’s overall business strategy. IT strategies should cover all facets of technology management, including cost management, human capital management, hardware and software management, vendor management and risk management. Executing an IT strategy requires strong IT leadership; the chief information officer and chief technology officer need to work closely with business, budget and legal departments as well as with other lines of business and user groups to achieve its success. Organizations formalize their IT strategy in a written document or balanced scorecard strategy map. The plan and its documentation should be flexible enough to change in response to new organizational circumstances, market and industry conditions and user needs. There are different models that can help executives construct an IT strategy. Most contain certain key elements including – a high-level overview of the IT department, current budgets and spending forecasts for a multi-year timeline, outline of current and future IT projects, a catalog of existing enterprise architecture. A strong IT strategy relies not just on creating the plan, but also on proper implementation of it. These documents won’t do any good if they’re ignored after completion. The documents should be used to guide tactical technology decisions, thereby helping the IT department align its day-to-day operations with the overall business model and mission. However, adherence to the IT strategy should not be overly rigid. The potential fast pace of technology advancements and innovation would require organizations to be agile if they want to seize unforeseen developments. This will help an organization be more competitive and better serve its market. The technology strategy needs to be flexible. Chief information officer, chief technology officer and other executives must also be nimble, and they should expect to reassess and redevelop the technology strategy at least annually and possibly revisit it even more frequently.
The first slide gives you the opportunity to describe the goals of your strategy, costumers experience transformation, digital optimization and efficiency. This slide will primarily be useful to IT companies when developing their strategy. This template can be used by university educators when preparing courses on business strategy development. If necessary, you can change the location of text blocks, infographics, change color and size. Also, this template can be used by heads of IT departments, startups and investment funds. Team leaders can use the slides in this template as they prepare to discuss a new project with their team. IT Strategy template will be a worthy addition to your collection of professional presentations.