Technology strategy (information technology strategy or IT strategy) is the overall plan which consist of objective(s), principles and tactics relating to use of the technologies within a particular organisation. Such strategies primarily focus on the technologies themselves and in some cases the people who directly manage those technologies. The strategy can be implied from the organisation’s behaviours towards technology decisions, and may be written down in a document.
Other generations of technology-related strategies primarily focus on: the efficiency of the company’s spending on technology; how people, for example the organisation’s customers and employees, exploit technologies in ways that create value for the organisation; on the full integration of technology-related decisions with the company’s strategies and operating plans, such that no separate technology strategy exists other than the de facto strategic principle that the organisation does not need or have a discreet ‘technology strategy’.
A technology strategy has traditionally been expressed in a document that explains how technology should be utilised as part of an organisation’s overall corporate strategy and each business strategy. In the case of IT, the strategy is usually formulated by a group of representatives from both the business and from IT Often the Information Technology Strategy is led by an organisation’s Chief Information Officer (CIO) or equivalent. Accountability varies for an organisation’s strategies for other classes of technology. Although many companies write an overall business plan each year, a technology strategy may cover developments somewhere between 3 and 5 years into the future.