How can I keep up with technology with limited resources?

By Brenda V.

When asking some of our most important clients about the current challenges they face, a big percentage of them always mention the importance of keeping up with technology using limited resources. Most small to medium size companies struggle when trying to implement new applications or software to improve internal processes and help their employees to be more efficient. But we can also find companies whose main service is based on technological products they offer to their clients and are always searching for innovative ways to keep themselves in the market.

Keeping up with changing technologies as decision maker can be an overwhelming task, you may ask which IT solutions are good for me? Which ones can make my company more efficient? How can I maximize the resources I have?

There are a variety of information sources to obtain this information, such as: associations, referrals, vendors, tradeshows, etc, but the problem right now it’s not about finding the information but knowing who you should listen.

One of the most common sources for obtaining information is the data you can find over the internet, information such as success stories, press releases, whitepapers, etc; but the ultimate valuable information source is usually a trusted referral by someone you have worked with or a business partner.

It is important, no matter in what type of industry your business is to stay informed about the new technology trends that can be applied to your processes.

Some of the main benefits that technology can bring to your company are:

1) Increase business efficiency

2) Reduce operative costs

3) Improve your overall revenue

4) Improve your client service

5) Grow your company.

For the current business environment and the new IT trends, it is essential to have a strategy that will help you and your business define the necessary steps to choose and implement new technological solutions.

First it’s important to determine the current needs of your business and make a list of all of them, then choose which of those necessities has priority for you; the next step would be to make a list of all resources available to you and make an estimate of all the lacking resources to complete those tasks; the next step would be to make a list of all resources you can buy or hire to complete the activities and ranking them in order of importance (this can be done by defining which elements are most important to you like price, proximity, prompt delivery, etc.) and finally make the final decision about external or internal resources to use.

It is also important to consider what your competitors are doing to innovate and acquire market leadership, don’t forget to make a market research and include in your business strategy the next steps required to grow your business.

Here at Sieena not only do we offer custom software development services, but we can help you and your business choosing from a variety of services and products that will help your business grow.