It is impossible to foresee what lies ahead, but it is possible to be ready for it. As there are constantly new developments and advances in technology, businesses must be able to adjust and make necessary changes if they hope to stay competitive. Forbes reports that 55% of companies without a strategy in place believe they will lose market share within less than a year.
What does this mean for businesses relying on legacy, outdated technology, or those companies that rely on several different services and products to stay productive? It is probably time to consider an IT strategy and how emerging technologies and services might impact your business today, in addition to thinking about what’s next.
Let’s look at why developing an IT strategy will help your business remain competitive and succeed no matter what the future holds.
What is an IT strategy?
An IT strategy defines your company’s information technology vision and objectives. It outlines the services you provide, how those services are provided, and how you will use technology in the future to help you grow.
An IT strategy document is a detailed description of how technology can be used to help your organization accomplish its objectives. If your firm does not have a Chief Information Officer (CIO), a managed service provider (MSP) can fill this position.
What are the benefits of an IT strategy?
Having an IT strategy in place can provide a variety of advantages. Having a roadmap for how your company will operate in the future can help you prepare for future opportunities, for example, artificial intelligence (AI) may be an important component of your business in the next five years and if you prepare for it now, you will be ready when it arrives.
It’s also worth noting that by creating a solid IT strategy in advance, you won’t have to scramble to find solutions when issues arise. When something goes wrong with your technology, you’ll know where to go and what resources are available. Furthermore, even if you follow an IT strategy today, if it’s not perfect right away, you’ll be able to improve on it over time as needs change.
What should be included in your IT strategy?
There are many ways to develop an IT strategy, but there are a few key areas that you should focus on.
Your IT strategy must align with your company’s strategy to be effective. To do this, you must first determine what you want your company to achieve in the long term.Do you only want to preserve what you currently have? Do you want to expand? What problems might arise along the way? How will technology affect these problems? Once you’ve answered these questions, you’ll be better able to create an IT strategy that aligns with your business objectives.
It is also critical to think about what types of technologies and services will help your organization stay competitive in the future. In the future, data analytics may become important to your company, so you may want to include it in the strategy template so that you can stay ahead of trends and alterations in your industry.
In addition to an IT strategy, you should also plan for contingencies—especially if unexpected events occur in the future. What would happen, for example, if a natural disaster or other event took out one or more of your servers? You should include specific strategies for keeping things running while waiting for new equipment or services.
How you can use an MSP to develop your IT strategy
It is possible to create an IT strategy in-house, but it may be a better idea to outsource it because your in-house team might have limited resources, skills, and expertise. If this is the case, the first step in developing your IT strategy is to find a trusted IT partner such as a managed service provider to assist you in developing your IT strategy and providing the services you need for your business.
An IT support or technology solution can help your business succeed, and MSPs are experienced professionals who can assist you. They’ll work with you from the beginning to identify any potential problems and give solutions, as well as provide ongoing support as you establish your new IT strategy.
MSPs strive to make your life simpler by offering a variety of service packages. You may also choose a managed service package that includes not only project-based support but also any other technical demands related to software licensing and upgrades, network design and architecture, hardware installation and deployment, security monitoring and maintenance.
Partner with business IT strategy professionals
The future of work and business is increasingly dependent on technology. You must have an IT strategy in place to remain competitive. Are you unsure where to begin? The IT consultants at Aquarius IQ can assist you with developing a robust and comprehensive IT strategy and setting up your company for the future.