Why Every Business Needs an IT Strategy

July 18, 2017
by Jessica Massey

Do I need an IT strategy for my business?

Whether you like it or not, the deployment of information technology is no longer optional. There’s no more ‘manual way’ of doing business. With almost every company relying on the technology of computers, you must always have an IT plan in place. If you don’t have an effective IT strategy in place, downtime is almost guaranteed
Productivity and the success of a business go hand in hand. If you are a SMB on average doing $2.6 million a year (profit), and are down for a full day, then you can make the argument that it costs you approximately $10,000 (assuming you’re open 52 weeks per year) to be “down” for the day. Keep in mind this is for arguments sake and not a complete spot-on example but still important. As a business, you can’t hope and wish that your systems won’t fail you, you must plan.
An IT strategy should cover:
  • cost management
  • human capital management
  • hardware & software management
  • vendor management
  • risk management
Now the hard part, execution.
When it comes to putting the plan into action, you need to have strong IT leadership. This leadership can come from a chief information officer (CIO) or chief technology officer (CTO). If you're a smaller size company you may not have the capacity to staff a CIO or CTO, which is where outsourcing comes into play. With outsourcing, you have the ability to step back and let the professionals plan an IT strategy for you. Thus, saving you time and money towards your bottom line.

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