Now comes the fundamental dilemma of deciding if investing in technology is an expense or an additional value because there is not an immediate return on this investment. It is almost always certain that any businessman wants that every dollar invested not to be an expense, but be multiplied several times.
Now, which are the main reasons to explain this phenomena?: Among them, you can find the following ones:
- There is no doubt that poor planning, counseling, and short medium and long terms strategies in investment and implementation of new and better technologies are the principal drawbacks to profitability.
- Poor or nonexistent clarification of current and future technological requirements is another important drawback.
- Not having the services of qualified personnel or advisors with the latest trends in information technologies results in latter complications.
- The lack among owners and administrators of basic knowledge on information technologies prevents their appropriate requests for adequate counseling.
- The lack of initial training, continuing education, and transfer of knowledge among line personnel laces limitations on the use they do of available technologies to perform the duties and daily routines.
- Another limitation is the lack of knowledge on the capacities applications, and limitations, of their information technologies hardware, software, and infrastructure.
- Finally, but equally important is a basic knowledge of new, accelerated and advanced trends or movements in the field.
So, should we have to answer the question if a business or enterprise should invest in technology or not, we should consider what has been said previously to support that such an investment is more of additional value than of expense nature.
Should you need our advice on these matters, you can contact us at www.bligconsulting.com.
Author: Gilberto Crespo, MSCE, CDIA+, CIP, ITILv3
Computer Engineer & Entrepreneur