There are many advantages of aligning business and IT strategies. For most companies aligning the business and IT a strategy are both a necessity and gives a competitive advantage. Alignment can exist if the directional aspects of IT strategy are driven by the business strategy. If a company neglects to align business and IT strategies it can result in a significant setback for the company in reference to the capabilities it needs to compete. Two examples of IT strategy principles are IT solution will be based on technology standards, and will be implemented with regards for financial worth, risk and strategic alignment. Companies can achieve benefits with effective use of technology these can include: reduce cost, consistent procedures, improved productivity, better risk control systems, execution of new company policies and procedures, growth, and sales. The success alignment between IT and the business strategy is based on knowledge of the company, effective communication, and cooperation all through the business. A major advantage of aligning IT with business strategy can be obtained from having vigorous, but flexible, technology all over the company, while maintaining a smart business strategy.
• What are the advantages of aligning business and IT strategies
There are many advantages of aligning business and IT strategies. For most companies aligning the business and IT a strategy are both a necessity and gives a competitive advantage. Alignment can exist if the directional aspects of IT strategy are driven by the business strategy. If a company neglects to align business and IT strategies it can result in a significant setback for the company in reference to the capabilities it needs to compete. Two examples of IT strategy principles are IT solution will be based on technology standards, and will be implemented with regards for financial worth, risk and strategic alignment.