3 Common Tech Acceleration Mistakes
As a business executive, you often face the task of keeping up with current technology trends to boost productivity, lower expenses, strengthen your brand value, enable new collaboration and maximize profitability.
If you want to use new technology products and solutions to your advantage, follow the path of well-planned smart tech acceleration.
While tech acceleration is about fast implementations that fix short-term issues and meet immediate needs, smart tech acceleration focuses on implementing technology capable of supporting an organization’s long-term goals and vision.
It’s critical to keep in mind that if your tech acceleration initiatives aren't well-planned, they may cause you to fall behind or even prevent you from achieving your ultimate goal.
Watch out for these mistakes
Before taking the first step toward tech acceleration, consider three major mistakes to avoid:
1. Concentrating on rapid advancements or short-term goals
This is the most common mistake that companies make. Short-sighted business executives tend to put the company's long-term vision on the back burner for quick results. They do this by making hasty decisions that act as a band-aid. Although these moves may result in early gains, they often have a negative impact on the company's future.
What's more concerning is that many company leaders nowadays tend to prioritize short-term gains. In the long run, however, choosing the easy way out and spending without consideration for the future proves to be wasteful. That’s why it is always advisable to have the patience to create solid foundations and devote the time and work necessary to reap the benefits of compound growth.
2. Making decisions based on current costs rather than long-term value
Another common mistake made by many executives is that they prefer purchasing less expensive products or solutions simply because it suits their budget better. But more often than not, it only meets an immediate need and doesn’t support the organization’s overall mission.
We see this in a number of government undertakings. Road infrastructure projects are frequently awarded to the lowest qualified bidder. However, since you get the quality and commitment you pay for, projects can take years to complete and cost two to three times more than the initial estimate.
3. Deploying products that don’t integrate
Solutions that integrate successfully can be a long-term asset for your organization because they consolidate data. However, some executives overlook this, resulting in a mix of disparate technologies that don’t work together.
Lack of integration can be a liability for an organization in the long run. It has the potential to slow down or even halt projects until a sufficient integrated infrastructure is in place.
Partner for success
If you fail to overcome these mistakes while adopting tech acceleration, you risk losing ground to your competitors. It's time to ditch quick fixes that aren't helping you achieve your goals in favor of smart tech acceleration to help you achieve long-term productivity and operational success.
A managed service provider (MSP) like us can help you manage your technological infrastructure in a more efficient manner. Contact us for a no-obligation consultation to give your IT environment the makeover it needs.