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Definition: IT Strategy is the planning process and the resulting document (plan) related to the use of new information technologies by and within an organization.
Such strategies primarily focus on:
- Ways customers and employees are using technologies and how that may create value for the organization
- SWOT Analysis
- The company's spending (budget) on technology
- IT project portfolio management
- IT organization
- The strategic alignment of the IT strategy with the overall corporate strategy and SBU strategies.
The process is 'owned' by either the Chief Information Officer or the Chief Technology Officer.