How can you understand the information technology (IT) value?

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Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Discuss the following for this assignment:

How can you understand the information technology (IT) value?
What are the best practices in understanding IT value?
What is the actual process to develop an IT strategy?
How can you develop an effective IT strategy development?