How Modern Organizations Consume Technology Investments

A trending topic in business today is the evolution of how organizations consume technology investments. Previously, companies had big projects but no budget, and yet leadership still had to make these big decisions. This has changed dramatically.

The way organizations make decisions about technology has changed as well. It used to be a quick decision that was complex and very unpredictable. Now it is more of a continuing relationship between the business and the vendor. It’s a partnership to evolve the software that the company is buying and investing in over time.

A major change is the transition from a big purchase of this software investment to now a more subscription-based software purchase. These are more consistent and manageable over time.

There is also the evolution of services related to software implementation that can be thought of on a subscription basis. This has the potential of lowering the cost of implementation using standardization and repeatable techniques.

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Software itself continues to evolve at a rapid pace. In implementation strategies, organizations need to think in terms of how they consume the software in the least disruptive manner.

Today, software is built on platforms that are robust and can be customized discreetly to a specific business need. This can get complex, and the question is, how is the complexity managed?

The answer is in small circles of success, which is taking this very complex evolution that must occur over time and breaking it into small iterative processes. Think of these as concentric circles that are built to ultimately get to this evolutionary stage.