The strategy includes the formal vision that guides the acquisition, allocation, and management of IT resources so it can help fulfill the organizational objectives.
The United States identified the need to implement a technology strategy in order to restore the country's competitive edge.
In 1983 Project Socrates, a US Defense Intelligence Agency program, was established to develop a national technology strategy policy.
[7] There are frameworks (e.g., ASSIMPLER[8]) available that provide insights into the current and future business strategy, assess business-IT alignment on various parameters, identify gaps, and define technology roadmaps and budgets.
These highlight key information, which include the following: For a strategy to be effective, it should also answer questions of how to create value, deliver value, and capture value.
Capturing value requires knowledge how to gain competitive advantage and sustain it, and how to compete in case that standards of technology is important.
[9] Process of IT Strategy is simplified with framework constituted of IT Service Management (ITSM[10]), Enterprise Architecture Development (TOGAF) and Governance (COBIT).