The CIO role is becoming increasingly of strategic relevance today. Successful tech executives are shifting towards initiating strategic change rather than just acting as operators. Risk aversion and result-oriented mindset increasingly influence the organizational change. The rules of the IT leadership is evolving rapidly and today IT leaders are being learned on more for innovation and revenue generation. Developing and executing a business-aligned IT roadmap is more important than ever. Given the importance of technology in today’s business environment, technology organization must have a clear strategic direction and priorities that are closely linked to the business strategy. An organization’s IT strategic plan should reflect the unique needs of the organization as well as the market in which it operates.
Experts and CIOs agree that effective IT strategy begins with an IT-informed business strategy. New technologies and approaches are letting IT leaders to cut costs, save time and let machine intelligence to most. CIO must be involved in the creation o those documents and artifacts that provide direction about what the enterprises need to do, why it needs to do and how it will accomplish that. Generally, IT leaders are involved then in supporting the organization more effectively for what about the technological change. IT strategic planning can be a powerful tool, setting the company up to realize key business goals and outcomes.
IT must be rooted in the business strategic plan. For example, if the strategy invests in digital transformation, IT must extrapolate what that means for the existing architecture, culture, operating processes, governance and skills. An effective IT plan will include information on people, staffing, partnerships, organizational change and governance required to achieve the outcome establishes. IT and business are inextricably linked and the same must be the IT and business strategy.
One of the greatest barriers to alignment is that IT and business units tend to talk different languages. But everything must be measure and the best IT strategic plans include measure of success that will serve as mile markets for progress over time. It is important to ensure a tight integration with the business strategy and KPIs help in speaking the same language. Those indicators should be measures and reported frequently. As for KPIs the same must be done for planning. Most of organization create a full strategic IT plan one a year but, with the fast-changing business environment, this must be update most frequently. Today, IT is the business. Essential, indispensable and linked to successful business outcomes. IT is more essential but at the same time it got complex being a web of interconnections, interdependencies and potential risks. When IT and business are aligned and pull the same direction, IT does not reduce risk but drives to growth.