What Is Technology Strategy?
Technology Strategy is an overall plan which consists of principles, objectives, and tactics for using technology to achieve organizational objectives. A Technology Strategy may define specific technologies, identify which staff members have the responsibility for managing these technologies, and how these technologies will align with business objectives. The goal of the strategy is to outline and specify how technology should support overall corporate strategy spanning 3 to 5 years into the future. The Technology Strategy is typically developed by the organization’s Chief Technology Officer (CTO) in collaboration with senior managers from other business units and the executive team. This collaboration is vital as organization-wide buy-in ensures the success of the Technology Strategy. Technology Strategy impacts budget allocations, operational procedures, responsibilities in relation to business objectives, and day-to-day functions. Ensuring overall agreement within an organization is a key factor to its success.
Written by: Payam Pourkhomami, President & CEO, OSIbeyond