IT Processes: Why is planning important?

Any successful business would not undertake a major change or expansion without some degree of planning. Business planning is essentially about taking a structured approach to thinking strategically about the future of your business. And when it comes to Information Technology (IT), it is all the more important because of fast moving changes in the technology; when a business formulate a process/plan and starts implementing it, at the end it becomes obsolete as technology has already changed. So business needs to plan in advance not only for consideration of technology changes but also when to change gears with technology. I strongly agree that plannin...