The Technology Strategy of a company is part of its overall Business Strategy. The primary purpose of a Technology Strategy is to make sure that the Business Strategy can be realized through technology, and  investments in technology are aligned to the company's business goals. Most often, due to the fast-evolving nature of technology, Technology Strategy covers developments no more than 2-5 years into the future.

​Traditionally, a company's Technology Strategy has been expressed in a document, explaining how technology should be exploited as part of a company's overall corporate strategy and business strategy.
The company's CTO (Chief Technology Officer) is the person responsible for executing the company's Technology Strategy. 

NyTech Inc has a great deal of experience in helping formulate Technology Strategies for companies. Please give us a call at 732-317-8992 if you have any questions about crafting your organizations' Technology Strategy.

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Technology Strategy Structure 

The following are typically sections of a technology strategy (adapted from Wikipedia):

• Executive Summary - This is a summary of the IT strategy
  • High level organizational benefits
  • Project objective and scope
  • Approach and methodology of the engagement
  • Relationship to overall business strategy
  • Resource summary
    • Staffing
    • Budgets
    • Summary of key projects
• Internal Capabilities
  • IT Project Portfolio Management - An inventory of current projects being managed by the information technology department and their status. Note: It is not common to report current project status inside a future-looking strategy document. Show Return on Investment (ROI) and timeline for implementing each application.
  • An inventory of existing applications supported and the level of resources required to support them
  • Architectural directions and methods for implementation of IT solutions
  • Current IT departmental strengths and weaknesses
• External Forces
  • Summary of changes driven from outside the organization
  • Rising expectations of users
    • Example: Growth of high-quality web user interfaces driven by AJAX technology
    • Example: Availability of open-source learning management systems
  • List of new IT projects requested by the organization
• Opportunities
  • Description of new cost reduction or efficiency increase opportunities
    • Example: List of available Professional Service contractors for short term projects
  • Description of how Moore's Law (faster processors, networks or storage at lower costs) will impact the organization's Return on Investment (ROI) for technology p
• Threats
  • Description of disruptive forces that could cause the organization to become less profitable or competitive
  • Analysis IT usage by competition
• IT Organization structure and Governance
  • IT organization roles and responsibilities
  • IT role description
  • IT Governance
• Milestones
  • List of monthly, quarterly or mid-year milestones and review dates to indicate if the strategy is on track
  • List milestone name, deliverables and metrics