Organizations need to determine how much technology development can be done internally. Often an off-the-shelf technology can efficiently be added to an existing infrastructure to deliver the capabilities desired.
FREMONT, CA:Digital transformation has taken the world by storm. Selecting the right technology can be a challenging task, especially for global organizations. Though the easy first step is to screen available options that fulfill the basic needs, the challenge lies in determining how far to advance from there.
Let us look at some useful tips for selecting digital technology:
Determine the Need
When purchasing technology to manage data, organizations need to focus on keeping their corporate initiative in line with the organization’s vision or business strategy. This is more important for those organizations moving toward a data-centric environment. Alignment can help a company keep technology requirements in perspective. Once companies set their goals, all parties involved in the selection process would have a guide to help determine how much investment needs to be made.
Evaluate Internal Capabilities
Organizations need to determine how much technology development can be done internally. Often an off-the-shelf technology can efficiently be added to an existing infrastructure to deliver the capabilities desired. Also, while purchasing technology or investing in external resources, organizations need to ensure the investment is worth making.
Determine the Technology’s Usage
Business owners need to find out the technical requirements of the technology the company needs. Organizations need to find out what exactly is its job- to provide data, analyze data, cleanse data, or store data? This assessment is as important as determining corporate goals and existing capabilities.
Another point to consider while reviewing digital-transformation technologies is the timeline for implementation. Timelines differ among the options to merge existing or build technology with off-the-shelf packages, develop technology internally, or completely implement off-the-shelf technology. Often, emerging technologies could have a negative effect on a longer-term implementation of the current deployment. In that case, business owners need to wait until something more suitable comes along.