The purpose of IT in companies like yours is evolving rapidly. Information technology is becoming more essential than ever before to achieve your company’s objectives and goals, and ultimately, IT should be aligned properly to enable revenue growth through the ability to streamline operations, enhance productivity, and respond quickly to market changes.
Here are 3 areas every forward thinking company looking to boost revenue, cut costs, and operate efficiently should expect their IT executive to focus on:
An IT executive must participate in c-level planning for the purpose of creating value for the company. This means fully understanding company goals and objectives – where the company is and where the company needs to be, then prioritizing very clearly what initiatives need to be taken over the next few years, as opposed to planning day-to-day initiatives.
In the increasingly competitive business environment we operate in, mergers and acquisitions (M&As) have become an important tool for skyrocketing growth and staying competitive in the marketplace. An IT executive should be the driving force during merger and acquisitions – helping create a deeper understanding of what’s required to integrate all information technology systems to ensure success.
A proper IT governance framework must take industry-specific regulations, as well as company environment, into consideration while paying attention to risks and addressing those risks appropriately. An IT executive must understand the importance of – and know how to develop – a proper IT governance framework that suits the company’s needs.