Information Strategy refers to a long-term plan designed to achieve the organization’s objectives in the management of knowledge, information or data. Information Strategy is one of the outcomes of strategic management, and it is an integral part of the strategy of the organization. It is usually a formalized document that contains a description of the strategic objectives information and data management, and a timetable for their implementation.
Information strategy of the organization must be always consistent with its other strategies.
Information strategy in practice: Information Strategy is used to determine what information is crucial for the functioning and decision making in the organization and how to build it and maintain it. Information strategy is particularly important for those types of organizations or enterprises, for which business information is essential. Information strategy is used for transferring the priorities from global strategy to the IT field. Information strategy should be superior to the ICT strategy, because not all information in the organization is dependent on the data in the information system - its meaning is therefore wider. Information Strategy is focused more on the content (what), while ICT strategy is focused more on the technology (how, with what).