Top 5 reasons to define business strategy by IT insights

Why the ability to effectively define a business strategy by leveraging evidence-based IT insights can be lost by organisations.

The ability to effectively define a business strategy by leveraging evidence-based IT insights can be lost by organisations that view their IT team as nothing more than mere technical support.

“Organisations that don’t use IT teams and technology partners to drive business strategy are either under-utilising or overlooking a valuable resource,” says Darren Christophersen, General Manager of Operations, Applications & Consulting at Empired.

Instead, Christophersen says businesses should define their strategy based on IT insights.

As a result, Empired has identified five reasons to define businesses by IT insights:

1. Research:

IT teams and third-party providers can offer informative reports, discussion papers, policy papers and executive briefs on domain or system issues.

The insights gained form this research can be used to improve overall business processes, not just IT processes.

2. Business case creation:

IT can help to support and verify management decisions with business cases that make strategic recommendations for best practices.

“Difficult executive decisions, such as to buy or build systems, can be simplified by business cases from a technical perspective,” Christophersen adds.

3. Business model verification:

IT skills in low-value, high-volume payment systems can help to verify the organisation’s cost-benefit and operational models.

4. Requirements analysis:

IT professionals with use-case and prototyping skills can create traceable and measurable customer requirement specifications by conducting artefact reviews, structured interviews and requirements workshops sessions. This helps to ensure customer satisfaction.

5. Project management office review:

IT can ensure that the project management office delivers projects aligned to industry best practice by reviewing the methodology used.

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