To compete with “digitally native” enterprises that are scaling new products and services at near zero marginal cost, bold investments in external technology capabilities are required to create a sustainable competitive advantage. We refer to this as turning technology “lead” ( or “debt”) into “gold”.
Most executives say that the Covid-19 pandemic has accelerated the pace of their digital transformation. Research shows that by the middle of 2020, we had leapt 5 years forward in consumer and business digital adoption in 8 weeks and that 75% of people using digital channels for the first time indicate they will continue to use them when things return to a new “normal”.
Technology solutions represent a significant proportion of an organisations total recurring costs. Investments in new technology has the potential to accelerate value creation, but there are many pitfalls and strategic choices that needs to be navigated to avoid value destruction. Where do you focus your investments in new technology to realise the biggest impact? Should you invest in platforms or “best-of-breed” solutions? These are just some of the strategic choices that needs to be made.
Our innovative business capability-led strategy approach enable companies to guide technology investments into the right new and emerging digital solutions to significantly increase agility, resilience and performance. Ultimately, we help companies turn external technology capabilities to their competitive advantage.
If you need to accelerate strategic and complex technology investment decisions and need an experienced, independent and cost-effective partner to work with you throughout this journey, then contact Technology Connect. This is what we do!