Business comes first
No matter how advanced the technology, you will have to make sure that it is the right fit for your business. A lot of companies today invest in hardware, software and technology that they do not use, or use less than half of the features. Make sure you are clear on the business objectives first, then the technology will follow.
Look beyond the initial cost
Some companies prefer to buy the least expensive equipment they can find without comparing features and benefits. For example, in buying a personal computer, you will have to consider the vendor’s reliability, support and maintenance options, cost of parts and labor, cost of training and upgrading, over the life of the equipment, among other options. You might find out that it might cost less in the long run to get a higher quality PC.
Everyone should be involved
Technology affects the whole company, and technology decisions should take it into account. Without the full support of top management, technology decisions made by staff will not be as effective, and this goes the other way around as well. Technology is not just “for management” or “for rank and file” only.
Establish the value of your investment
Your investment has to be in line with the effect the technology will be providing your business. Many businesses hesitate to invest into software or hardware that processes millions of pesos in transactions, and later wonder why they are always having problems with the system. Sometimes, you do get what you pay for.
Technology does not solve everything
Some companies automate everything just for the heck of it. With proper planning, you might find that some tasks may be more expensive when automated, and best done the traditional way. Others put technology in without streamlining the manual process first. This approach only may make things worse by simply speeding up the process of making errors.
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