IT Business Alignment Is Key To Long-Term Strategy - An Overview
Summary
This can include redundant efforts, shadow IT and inefficient digital processes, ultimately creating more work for IT and slowing down the delivery of critical projects. Instead of treating goals and initiatives as projects with final deadlines and completion dates, IT teams are taking a product-based approach that favors continuous development. This will include greater visibility into IT systems and how time is spent within IT, while gathering feedback from partners and stakeholders will help IT optimize the services and products it provides. On top of this, when IT’s efforts aren’t aligned with business goals, IT teams end up wasting time and resources, causing lost revenues and higher operating costs. These trends are likely to continue through the end of the decade as new technologies such as artificial intelligence, the internet of things and blockchain, among others, revolutionize business models.
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