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Home Video Business 5 critical questions directors need to ask before investing in IT systems
BusinessIT

5 critical questions directors need to ask before investing in IT systems

April 14, 2020

In this video, ECLEVA’s CEO Patrick Northcott talks about the 5 critical questions directors need to ask when evaluating proposals to spend money on IT systems.

  1. Will this provide a super-convenient and favourable experience for your customers. Could it exceed their expectations?
  2. Can the investment provide you with a competitive advantage from emerging and existing competitors in your industry?
  3. Will it streamline operations and free your staff from doing mundane routine tasks, reallocating this time on more value-add activities? Is the ROI clear?
  4. Is the spend aligned to your business goals? A good IT strategy aligns the business goals with the value that new or enhanced technologies can bring to an organisation.
  5. Do you have the capabilities? Having business people partner with IT will ensure the knowledge of business and technology are leveraged.

IT investments can be substantial and getting a good ROI is essential.  Your competitive advantage relies on it.

Working with a technology partner will help you develop an IT strategy aligned to your goals, this will give you the confidence you are making the right investment.

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Resources and support for not-for-profit organisations during COVID-19 outbreakResources and support for not-for-profit organisations during COVID-19 outbreakMarch 31, 2020
How to develop a prioritised IT investment roadmapApril 14, 2020How to develop a prioritised IT investment roadmap

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