17 May It May be Time for Your Company to Create a Strategic IT Plan
Many companies take an ad hoc approach to technology. If you are among them, it is understandable; you probably had to automate some tasks before others, your tech needs have likely evolved over time, and technology itself is always changing.
Unfortunately, all of your different hardware and software may not communicate so well. What is worse, lack of integration can leave you more vulnerable to security risks. For these reasons, some businesses reach a point where they decide to implement a strategic IT plan.
The objective of a strategic IT plan is to — over a stated period — roll out consistent, integrated, and secure hardware and software. In doing so, you will likely eliminate many of the security dangers wrought by lack of integration, while streamlining data-processing efficiency.
To get started, define your IT objectives. Identify not only the weaknesses of your current infrastructure, but also opportunities to improve it. Employee feedback is key. Find out who is using what and why it works for them.
From a financial perspective, estimate a reasonable return on investment that includes a payback timetable for technology expenditures. Be sure your projections factor in both:
- Hard savings, such as eliminating redundant software or outdated processes
- Soft benefits, such as being able to more quickly and accurately share data within the office as well as externally (for example, from sales calls)
In addition, calculate the price of doing nothing. Describe the risks and potential costs of falling behind or failing to get ahead of competitors technologically.
Working in Phases
When you are ready to implement your strategic IT plan, devise a reasonable and patient time line. Ideally, there should be no need to rush. You can take a phased approach, perhaps laying the foundation with a new server and then installing consistent, integrated applications on top of it.
A phased implementation can also help you stay within budget. You will need to have a good idea of how much the total project will cost. However, you can still allow flexibility for making measured progress without putting your cash flow at risk.
Bringing it all Together
There is nothing wrong or unusual about wandering the vast landscape of today’s business technology. However, at some point, every company should at least consider bringing all their bits and bytes under one roof. Please contact our firm for help managing your IT spending in a measured, strategic way.