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Maximizing Your IT Investment
In 2020, we saw the benefits of accelerating technology innovation to build a more resilient and adaptable business. Now, companies are planning to pursue digital transformation initiatives and increase spending in their IT departments so they can bring their businesses to the next level. With so much focus on digital transformation, it’s critical to remember that IT initiatives are about much more than just choosing the right technology. If you’re investing in IT this year, consider these seven steps to maximize your investment:
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The foundation for any successful IT investment is choosing the right initiatives based on your organization’s priorities.
1. Prioritize Your Initiatives
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For your IT investment to be successful, you must first define what success looks like—and that means identifying the right KPIs.
2. Measure, Measure, Measure
Your Innovation Champion is passionate about moving your initiative forward, and has the skills, resources and gumption to make
it happen.
3. Find Your Innovation Champion
The right level of customization can bring value to your initiative, but unnecessary customization will bog you down.
4. Carefully Consider Customization
Disruption is inevitable, but with the right tools, you can control change.
5. Invest in Change Management
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It’s not enough to move fast and fail hard—you have to move fast and fail smart.
6. Be Agile, Be Smart
Looking at your initiative through an industry lens can help you accelerate innovation.
7. Invest in Industry Experience