14 ways to manage the rising costs of emerging software innovations
Are you getting a return on your high-tech investment? Here’s how to determine the best digital solutions that will benefit your clients and stakeholders.
To get ahead in today’s marketplace, business teams must comprehend the benefits or pitfalls of specific technology in their search to solve client and staff pain points. Keeping up with the latest software gadgets can also cost a fortune. That is why it’s best for companies to investigate their options before investing in a package that doesn’t serve their clients or employees at all.
Below, 14 experts from Fast Company Executive Board share their time and expertise to explain their approach to managing the cost and ROI of integrating emerging technologies they may choose to invest in.
IDENTIFY TWO TO THREE CORE FEATURES THAT MATTER MOST.
Integrating new technology is a great opportunity for cost escalation. To manage it, really try to identify the core two or three things that need to go right and the two to three features that need to be in the final version. Try to strip down to essentials. Will the project still be a win if this is all that happens? If so, advance. If not, you may need to rethink it. - Shayne Fitz-Coy, Sabot Family Companies
Extract from: 14 ways to manage the rising costs of emerging software innovations published on FAST COMPANY EXECUTIVE BOARD | 01-29-2025
