Investing in Technology: How to Make the Right Choice

Technology is evolving faster than ever. New software products, frameworks, and methodologies emerge all the time, making old platforms and ways of working obsolete. With so many options available that are constantly changing, making the right choice is a challenge. Large, complex organizations usually have procurement processes in place that emphasize due diligence, risk management, and cost-effectiveness. A typical technology selection process looks like this:

  • Needs recognition and validation
  • Requirements gathering
  • Stakeholder interviews
  • Financial analysis and ROI
  • Business case
  • Shortlist
  • RFPs
  • Vendor demonstrations
  • Scoring against the selection criteria
  • Decision making
  • Negotiations and contracts

With all of the steps in the … Read more >