Appropriate and updated technology – the need of the hour!
Sidhyati Technology Solutions Private Limited
Your Trusted Offshore Technology Partner
Businesses hunt for cutting-edge technologies to grow their company. However, every technology might not be generic and hence not suitable to every business. Hence, appropriate technologies are the preferred choice. Having appropriate technology means a lot, as it plays a key role for a successful expansion, as compared to others that might create a downfall in business.
Technology updation and management could be a daunting task, particularly for small firms. This is because they might lack exclusive budget, dedicated IT team, and other related resources. Sometimes, entrepreneurs fail to take advantage of IT infrastructure for business growth. Another experience is the switching of companies from one system or application to another, without realizing the true technology benefits. Such companies might make poor buying decisions, adopt ineffective tools, and often experience a high level of frustration. On the other hand, businesses using appropriate technologies experience a growth as they successfully establish technological strategies that help them in gaining an edge over their competitors through cost effective solutions, process upgradation, improved quality, and best services.
The first step is to evaluate the present technology and then correlate it with the goals to implement the updation. This usually begins with conducting technology audit. This helps in understanding the strengths and gray areas of the present system and its relative importance to the business objectives and goals. The second step is actual upgradation. Before doing so, it is important to understand the several factors that affect the upgrade decision-making process. Factors like improvement areas, periodicity, need, Etc. are vital.
Factors affecting upgradation
Evaluating technology infrastructure requires close monitoring of the present system performance in relation to the business goals. It’s important to define the business’s objectives, requirements, and then determine the available offerings against those criteria.
Some of the important factors that play a vital role in the technology upgradation include:
Technology upgradation criteria
Downtime: Although technologies experience outages, increase in its frequency might impact the productivity and in turn the credibility. More and more outages demand a structured action plan for technology upgradation.
Business Growth: The business infrastructure, equipment, software, and connectivity must be consistent with the growth plans. If these were planned for a smaller business in the initial phase, they might lack in key functionality and agility required for business expansion.
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Compatibility: As new technology or devices adds on to the business, compatibility of the existing technologies is a challenge. Hence, the expectations for a faster speed or processing might not be realized without fully evaluating how it interacts with the existing infrastructure.
Security: Cyber security should be the top priority. To ensure data security, any outdated technology should be replaced at the earliest.
Productivity: Technology and productivity go hand-in-hand. But when connections become slow or experience frequent interruptions, or when workarounds are creating more manual work, your productivity is negatively impacted.
Suggestive action plans
Enterprises must also incorporate following suggestive action plans to upgrade their technology and maintain pace with the changing business scenario:
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