Many companies invest in technology, but very few actually build a true technology vision. What makes the difference is asking the right questions that hit the mark.
Here are 5 critical questions executives can ask during the decision-making stage:
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Are our technology investments aligned with our long-term strategy? (See strategic goals – they should be directly linked.)
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Are we not only collecting data, but also placing it at the center of our decisions? (Assess the maturity of your data-driven decision-making processes.)
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How are we redesigning the customer experience through technology?
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Do our digitalization processes provide us with agility and scalability? (You can measure agility & scalability with models like SAFe, CMMI, TRL.)
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Are artificial intelligence and automation enhancing our employees’ capacity to create value? (You can measure this with Value Added Productivity (VAP) and Value Chain Integration.)
The answers to these questions reveal how consciously your company is shaping its technology vision.
Or, if you are an entrepreneur on the technology provider side, you can clearly demonstrate the ROI your customer will gain from the planned investment.
Remember: Technology alone is not a vision. Vision begins with how you make sense of technology.
