Information technology or IT is required by various organizations. The information technology strategy is the specific comprehensive plan, which eventually outlines the procedure of utilizing technology in any organization for fulfilling the organizational objectives and goals (Eason 2014). It is the kind of strategic plan, which has all the details of the various factors affecting the investment of the organization regarding the utilization of technology. There are various reasons for requiring IT strategy in a company. The most significant reasons are given below:
Hardware or Software Management: The next important and significant reason of the IT strategy is the management of hardware and software. The strategy of information technology maintains the details of software and hardware by properly up grading them on a regular basis (Holtshouse 2013). This daily up gradation helps in reducing the business complexities and allows advancements towards new technology.
Information Technology helping a company to gain competitive advantages
IT is extremely helpful for any company to gain several competitive advantages. The factors, which enhance the procedure for helping an organization in obtaining competitive advantages, are as follows:
Creating Entry Barriers: Information technology also helps any business in creating the entry barriers. The most successful organizations have created entry barriers by blocking their competition and thus gaining competitive advantages (Bloom et al. 2014). The entry barrier refers to the product that the customers expect from the organizations in any specific industry.
Bloom, N., Garicano, L., Sadun, R. and Van Reenen, J., 2014. The distinct effects of information technology and communication technology on firm organization. Management Science, 60(12), pp.2859-2885.
Eason, K.D., 2014. Information technology and organisational change. CRC Press.
Holtshouse, D.K., 2013. Information technology for knowledge management. Springer Science & Business Media.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.
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