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I have had a few people approach me lately and asked what is Technology Strategy and is it the same as an architecture for a project?The architecture of a project/solution is usually limited to one project.
A technology strategy on the other hand relates to overall business goals, principles and tactics of an organization.This can also relate to ‘ring-fencing’ or put on the path of retiring solutions that use legacy technologies and/or are hard to maintain.Defining a technology strategy is an important step that every CTO and technology executive should take and must do with it utmost diligence.It can be THE driving force that helps define an IT organization’s ROI, cost reduction/efficiency increasing opportunities; assessing organization’s capabilities, disruptive forces, threats; usage of resources and budgets; and most importantly relationship to the overall business strategy.A technology strategy usually lasts a few months to a few years depending on the scale of changes identified and business values delivered by those strategies.Executing a technology strategy requires identification of the right opportunities, threats, governance and managing a plan.
In defining a plan, an organization has to keep its current technical resource capabilities strength and what roles and responsibilities can they manage.
And like any project implementation, execution of technology strategy plan has to have its milestones, deliverables and metrics follow up well planned and executed.
It is often tied to business strategy of the organization and how a set of choices related to technology strategy help in tactical and strategic growth of the organization.
A technology strategy may also relate to people who manage or use those technologies in ways that create value for the organization.
In many large organizations that have grown over time, various different technologies usually are at use.
A technology strategy can identify integration opportunities and define an operating plan.