The benefits of a Strategic Technology Roadmap
There are many benefits to having a strategic technology roadmap, including better visibility of work being performed by the service provider and more well-defined goals and purpose – especially when reporting outcomes to management.
A roadmap is more effective in driving business performance because it is more integrated with the entire business strategy allowing strategic ICT consulting to be delivered within its scope. Client side, it allows staff to see everything they need and, if needed, their service provider can create one with them.
With budgets and next actions clearly defined in the technology roadmap, it then becomes easy to write a business case on a program of work and apply for funding.
As we emerge from the COVID crisis organisations must have a higher level of alignment throughout the business so technology can deliver key business initiatives. End-to-end, shared insight allows the business to respond and adapt to changing market conditions faster and more effectively.
It also helps the business avoid costly mistakes by being flexible and designed to take into account technology advancements as they become available, helping the business adapt to changing conditions faster and more effectively.
With better visibility, collaboration and day-to-day communications between the business and the service provider you – and your board – can confidently identify and remove obstacles before you collide with them.
For more information about a Strategic Technology Roadmap, see our blog: 5 Essential Components of a Strategic Technology Roadmap.
Let’s take a look at two real-world examples of how organisations can benefit from a STR.