Strategic Information System Planning & Innovative Technology Roadmap

The impact of IT on organization performance cannot be over-estimated. A value chain analysis measures the linkage between organization activities and their competitive position Porter & Millar (1985). This concept evaluates the value that each activity within the organization adds to the product line. Information Technology is seen as a conduit pipe that empowers the organization decision making new-product development communication and collaboration. IT has a strategic advantage on product pricing cost and market differentiations. IT extends the organization business strategy by developing a strategy that is tied directly to the business goal and creates an IT governance model with the involvement of seasoned business leaders in building and aligning IT initiatives with the top business priority. Information Technology’s maturity model evaluates communication maturity governance maturity value measurement maturity scope & architecture maturity and skill maturity. The SISP model explains the organization''s mandate and how it will deploy the new SISP process. It identifies the governance culture and strategy issues. It also gives a recommendation on how to overcome these challenges and emphasizes on the importance to the role of evaluation and continuous measurement of success. The link between technological innovation and growth is not a coincidence. The speed of technological progress and change has become aggressive in recent years that organizations need to respond quickly to new environmental change and challenges. Organization need to continuously renew their technological capacity in information technology to ensure their prosperity and sustainability. Oliner and Sichel (2000) says ‘’the use of information technology and the production of computers accounted for about two-thirds of the one percentage point step-up in productivity growth between the first and second halves of the decade.’’ This research paper explains the role and power of information technologies in promoting innovation in Union Bank and the condition and actions that are necessary to achieve its innovation goals. It set a technology roadmap by identifying the current and potential business challenges mapping of the technology solution to the biggest business challenges determine the present phase of the bank (foundation growth or optimization) analyze the potential of the immediate technology choice to evolve the business over time. It analyzes the role of organization culture in empowering innovation and change; innovation processes models; suitability and feasibility of innovation; technological innovation and capabilities/competences; open and social innovation in Union Bank.