Business ROI
Many organizations are struggling to manage the complexity associated with modern day information technology, as illustrated in the Technology Problem section and below.
The main tangible ROI drivers are usually;
- more revenue
- less cost
- increased throughput
Other less tangible, but potentially very significant, ROI drivers include;
- regulatory compliance
- adopting industry standard best practices
- improving quality
- improving customer service
- capturing knowledge throughout the organization
Some organizations are exploiting elements of information technology innovation for business benefit, as illustrated in the Technology Opportunity section and below;
The vast quantity of information, rapid technology rate of change and varying levels of complexity make it difficult for many organizations to plot a profitable route forward. However, the inability to master this complexity will place the organization at a disadvantage to those peers who have identified a strategic way forward.
As identified elsewhere, typical “Information workers” spend;
- 14.5 hours per week reading and answering email
- 13.3 hours per week creating documents
- 9.6 hours per week searching for information
- 9.5 hours per week analyzing information
Whilst the information worker breakdown may be different for your organization, focusing on innovative technologies, such as semantic and collaborative applications, may have the potential to radically change the economics. By reducing email clutter, partially automating document creation and making searches more effective, valuable information workers are left with more time to perform analysis work which may be more valuable to the organization. Analysis work itself can also be made more effective by deploying user tools such as Enterprise Mashups to quickly access and manipulate information.
To target a significant ROI it is also vital that the organization has a good view of the potential available from relevant new information technology and innovative approaches. There are a range of tools which can be used to keep technology projects business, rather than technically, oriented and to flush out the ROI. As part of our services we identify opportunities relevant to your situation and use some of the main tools and approaches to maximize your ROI.
Reduce your IT budget, whilst increasing IT functionality and innovation
Sign up for our free Technology Opportunity Newsletter or subscribe for our low cost Technology Opportunity Snapshot research reports if you wish to get a general overview of the innovative technology relevant to particular business IT problem areas.
For specific business IT requirements, contact us to set up a no obligation, confidential discussion. Please note that we will only embark on a project when it is mutually clear that significant value can be added. In some cases, companies may qualify for government sponsored free or subsidised IT advice and services - we will use these resources where possible in order to keep client costs to a minimum.
