According to studies, organizations that achieved IT-business alignment recorded 58% faster revenue growth and were 72% more profitable than their counterparts. However, aligning tech strategies with long-term organizational goals still remains a stumbling block for many companies. Enterprises face problems such as overspending on custom development tools, data initiatives, and app development projects. This Indeed article shares some valuable tips for IT-business alignment.
Why Should You Align Your Business With IT?
Here are some of the benefits of aligning business with IT:
Tech-business alignment improves visibility into corporate operations. It also helps build strategies and frameworks that work best for the organization.The alignment helps companies adapt to emerging trends, respond to changes, and mitigate risks.It also helps enterprises uncover ways to optimize systems and processes and improve productivity. Furthermore, it also reduces costs while helping leaders discover additional revenue-generating opportunities.
Tips to Align IT Strategies With Your Business
Develop Analytics-Based Initiatives
“By using analytics in your business process, you can better analyze different aspects of your operations and find worthy opportunities for increased alignment,” says the author. To achieve this, create measurable goals. By developing analytics-based initiatives, you can determine the effectiveness of your strategies and focus your efforts on new opportunities.
Communicate Your Company Strategy
Studies indicate that miscommunication costs enterprises more than USD 37 billion each year. To avoid mishaps, be direct, ensure your employees understand your plans, and clearly communicate your vision and goals to all staff members.
Recognize Successful Managers
According to studies, positive employee feedback increased productivity by at least 12.5%. Therefore, promote strong managers with innovative ideas and encourage collaboration with other leaders in your team. Remember, leaders have immense power in ensuring the success of your alignment strategies.
The author also discusses building stronger relationships within the organization, establishing reliable metrics, and checking for operational redundancies as other valuable tips for effectively aligning IT with business.
To learn more, click on https://www.indeed.com/career-advice/career-development/business-alignment-techniques.
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