Every business be it small, medium or large is employing technology to cut costs and stay efficient. Its kind of a norm now. But is it only about that? Surely not. Here are the top 8 business reasons that will compel you to think that researching, comparing, procuring, deploying and maintaining technology solutions across your business or organization is an ongoing process and you should have a dedicated resource to execute the same:
1. Technology is penetrating every vertical of the business.
Some of the key areas would be:
a) Security & Surveillance
b) HR Management
c) Purchase & Procurement
d) Finance & Accounts
e) Sales & Marketing
f) Legal Affairs
2. Owner / Director level of training & understanding of technology is paramount for business success.
3. Use of technology is solving many old problems but creating another set of new problems which owners/directors may not be able to foresee.
4. Most new solutions / cutting-edge technology solutions are low cost / open-source solutions or you or your Company already owns them
(Eg. If you have paid subscription of Gmail you are entitled to a host of other Google Paid services which hardly few are aware of) are not advised by current market players as they have no financial interest in implementing them.
5. Certain day-to-day or week-to-week operations of technology have to be monitored at owner/director level and cannot be outsourced to the IT Team.
6. Every technology solution comes with an inherent risk. Managing that risk in a cost-effective manner is critical.
7. More often than not a holistic approach to technology management and security should be taken in terms of defining a governance strategy and policies to give a general direction to the digital transformation efforts.
8. Adopting Technology and upgrading to better tech solutions is an ongoing process.
As mentioned previously its simply not a one time job. The market is flooded with new and cheaper solutions everyday. Meticulous evaluation and putting up a business case for tech-upgrades can become a challenge to the business owner or the management team and that's where a CIO can step in!
1. Technology is penetrating every vertical of the business.
Some of the key areas would be:
a) Security & Surveillance
b) HR Management
c) Purchase & Procurement
d) Finance & Accounts
e) Sales & Marketing
f) Legal Affairs
2. Owner / Director level of training & understanding of technology is paramount for business success.
3. Use of technology is solving many old problems but creating another set of new problems which owners/directors may not be able to foresee.
4. Most new solutions / cutting-edge technology solutions are low cost / open-source solutions or you or your Company already owns them
(Eg. If you have paid subscription of Gmail you are entitled to a host of other Google Paid services which hardly few are aware of) are not advised by current market players as they have no financial interest in implementing them.
5. Certain day-to-day or week-to-week operations of technology have to be monitored at owner/director level and cannot be outsourced to the IT Team.
6. Every technology solution comes with an inherent risk. Managing that risk in a cost-effective manner is critical.
7. More often than not a holistic approach to technology management and security should be taken in terms of defining a governance strategy and policies to give a general direction to the digital transformation efforts.
8. Adopting Technology and upgrading to better tech solutions is an ongoing process.
As mentioned previously its simply not a one time job. The market is flooded with new and cheaper solutions everyday. Meticulous evaluation and putting up a business case for tech-upgrades can become a challenge to the business owner or the management team and that's where a CIO can step in!
