How to make ambitious investments in new technology.
Don’t accept the first quote you receive from a supplier – there lots of ways to test and sample platforms with free trials. However, the cheapest price is not necessarily the best one if the quality is substandard and you’ll either be restricted with what you want to do or hardware doesn’t last as long as a competitor offering. Business advisory firm PwC has produced a useful report to help business owners maximise the value of technology investments by spending smart, not spending big. They suggest calculating what percentage of your IT investment is aimed at building critical capabilities versus those that are more foundational.