Technology works best when it is focused on business solutions
 
Tag: <span>business development</span>

Is This An Improvement In Your Current Solution? – Defining ROI

When defining ROI for a project, we must ensure that the changes we make are a step in the right direction. In some situations, adding a feature or even a new solution is a step backward. We can run into this when there is shiny new technology or some buzzword we hear and decide to embrace. These projects are more about “keeping up with the Joneses” than improving our bottom line. That may seem simple to avoid. However, it is …

Are There Industry Requirements Or Regulations

We can have an incredible vision for a product and then fall short due to additional requirements. Industry requirements or regulations burden our solution and can even make it unviable. Likewise, these are often constraints on our solution that cannot be avoided or ignored. They might add to the cost and force the design to be done in a way that would not be our first choice. Therefore, we need to list any such requirements from the start and provide …

How Will The Solution Impact You Or Your Business

The question about the solution impact should be in your mind throughout the planning process. It is an essential part of the “why” of the entire project. There is a reward, benefit, or transformation (or all of the above) you expect from this project. That is measured by the impact it has on you or your business. Therefore, the answer to this question is a factor in the cost-benefit calculations needed to craft a solution that fits you perfectly. Solution …