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Technology strategy (information technology strategy or IT strategy) is the overall plan which consists of objectives, principles and tactics relating to use of technologies within a particular organization. [1] Such strategies primarily focus on the technologies themselves and in some cases the people who directly manage those technologies.
It discusses how business and technology are integrated, and explains how digital infrastructures and information networks can help someone get an edge on the competition. Gates asserts cyberspace and industry can no longer be separate entities, and that businesses must change to succeed in the Information Age .
However, this increase requires business and technology management to work as a creative, synergistic, and collaborative team instead of a purely mechanistic span of control. [3] Historically, one set of resources was dedicated to one particular computing technology, business application or line of business, and managed in a silo-like fashion. [4]
Technology forecasting - the identification of possible relevant technologies for the organization, such as technology scouting. Technology roadmap - mapping technologies to business and market needs. Technology project portfolio (a set of projects under development) and technology portfolio (a set of technologies in use).
Modern business enterprise (MBE) is the organization and management of businesses, particularly large ones. [75] MBE's employ professionals who use knowledge based techniques such areas as engineering, research and development, information technology, business administration, finance and accounting. MBE's typically benefit from economies of scale.
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Business Technology Management (BTM) is an emerging trans-disciplinary research area and professional discipline in business administration. It is a next-gen program offered at only a selected few Business Schools. The program aims to bridge the gap between Management and Information Technology.
Technology Business Management Council is a Washington-based non-profit organization with the goal of creating and promoting “best practices for running IT as a business.” [1] As of January 2018, the TBM Council has about 5,100 [2] CIO, CTO, & CFO members who are advancing technology business management standards and education across all industries.