Tech Talk: How to Develop an IT Strategy for the Coming Year

5 Things to Consider For Your IT Strategy


At this time of year many of our clients are finalizing their budgets and plans for the coming year. Part of our job at TechMD is to help them develop and implement a sound IT strategy that aligns with their business objectives. With that in mind, here are 5 things you should consider while developing your IT strategy for the coming year.

1) Develop a technology mission statement.

Consider how you want technology to support your organization’s goals. The basics like email and file storage are similar in all organizations but what you need to figure out is the unique way you want your technology to impact your specific business. In general, you need to determine where your company is going and how technology can help take you there.

2) Perform a technology SWOT analysis.

This is where you outline your company’s technology related strengths, weaknesses, opportunities and threats. Doing this will help you see areas where technology can help mitigate weakness and threats or provide you with the ability to capitalize on strengths and opportunities. A sober word of caution: just about all organizations should have cybersecurity in their threats column.

3) Review your short- and long-term goals.

Knowing what your organization is working to accomplish will help you think about which technologies are worth investing in and how they can bolster your team to better achieve those goals. The business world is rapidly moving towards cloud technology. If you haven’t considered this already, next year needs to be the year where you consider how the cloud will impact your business. The digital transformation is happening, and your response could make or break your business.

4) Address the training and development needs of your team.

You’ll want to prioritize cybersecurity training for your staff, because they are the number one target for cybercriminals. You’ll also want to consider what new skills need to be learned as you adopt new technologies and how you will educate your employees who utilize those skills.

5) Develop an IT budget.

Many businesses leaders we talk to consider an IT budget an oxymoron; they feel like IT costs are always surprises and investment is always out of control. But with the right focus and team an IT budget can be created and followed. The IT budget should align with your goals and ensure your company can properly invest in the technology you need to run your organization effectively.

The most useful IT budgets are based on a 3-year cycle and provide you with great visibility into the investments required for that time frame. During this process, make sure that you involve your organizations leadership team and stake holders. If you don’t have a C-level IT employee at your company, you may want to look into engaging a company like TechMD or an outside IT consultant to help guide you through the process.

We’d love to help!

If you have any questions about how to build your IT strategy for the coming year, we’d love to help. Please feel free to reach out to us here.

For more information about the cloud and cybersecurity, please check out the links below:

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