Home > CIO Tips > ROI Strategies > The next wave of technology purchasing
CIO Tips:
EMAIL THIS
 TIPS & NEWSLETTERS TOPICS 

ROI STRATEGIES

The next wave of technology purchasing


Jonathan B. Spira, Basex CEO and Chief Analyst
03.15.2004
Rating: -4.00- (out of 5)


Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us   


It is perhaps emblematic of the dot-com era to have purchased technology for technology's sake. In the heady days of the boom, caution was often thrown to the wind, along with decision-making processes that tied together business and technology requirements.

"Throw technology at a problem -- that will solve it." This was the first wave.

Today, the lessons of that period have not been lost, and managers use such measures as return on investment (ROI) and total cost of ownership (TCO) to aid in making such purchasing determinations.

"Run the numbers." This is the second wave.

The Knowledge Worker Impact Quotient:
Position Paper No. 1

Learn the optimal path to picking the right Collaborative Business Environment. Find out how to identify, understand and evaluate the strengths and weaknesses of various Collaborative Business Knowledge tools specifically for your environment. This paper is available for free to SearchCIO.com members for a limited time. Click here to access the paper today.

Organizations within every large enterprise are seeking the optimal path to enterprise-wide Collaborative Business Environments (CBEs) -- the nexus between knowledge sharing, collaboration, and the business itself. Companies that build solid and well-structured CBEs will leverage their people and knowledge while creating environments that enable people to work more productively.

But until now, it has been difficult to assess the impact of such a deployments on the organization in meaningful terms. And what is meaningful is to look at how such technologies may positively impact the knowledge workers who, increasingly, have become a significant feature in the corporate landscape.

This enquiry brings us to the third wave, where buyers relate a tool or technology to how it will impact those who use it, which naturally has a further impact on bottom-line profitability, as well as on an organization's ability to best its competition.

Basex developed the Knowledge Worker Impact Quotient (KWIQ) Index to help companies planning to deploy Collaborative Business Environments identify, understand, and evaluate the strengths and weaknesses of the available tools as they apply to specific business and IT requirements.

The goal of continuously developing this index is to improve the ability of IT buyers to identify Collaborative Business Knowledge Solutions, which synchronize people, places, and applications, that will increase productivity, lower costs and accelerate the enterprise.

Your thoughts are welcome on this topic. If you have any thoughts on how to ensure that such deployments positively impact the knowledge workers who use them, e-mail kwiqcomment@basex.com.

Jonathan B. Spira is CEO and chief analyst at Basex, an analysis firm that specializes in collaborative business knowledge in the enterprise. Click here to contact Basex.


Rate this Tip
To rate tips, you must be a member of SearchCIO.com.
Register now to start rating these tips. Log in if you are already a member.


Submit a Tip




Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us   



RELATED CONTENT
Return on investment
IT and business management guides for CIOs
CIO advice: IT strategies in a bad economy
Enterprises fill client virtualization gaps as client hypervisors bake
PPM software vs. SharePoint: Myths and user-vendor disconnects
PPM and IT governance in a recession: A guide for enterprise CIOs
IT portfolio management: Strategy matters more than software, CIOs say
Project management governance: How much is enough?
Proven IT ROI strategies in an economic downturn
Key to customer service satisfaction: Simplify complexity
Business process management quiz for enterprise CIOs

ROI Strategies
SaaS ERP software can deliver ROI, compliance for the enterprise
VoIP savings seen in productivity and long-distance charges
Green IT strategies could lead to hefty ROI
Disaster recovery plans bring peace of mind, ROI
Midsized outsourcer perfect fit for midmarket firm
Network upgrades bring faster apps and ROI
Mobile technologies: Creating an effective business plan
Managed security services stop spam, deliver ROI
CMS proves its ROI mettle
Blogging's ROI becoming clearer

RELATED RESOURCES
2020software.com, trial software downloads for accounting software, ERP software, CRM software and business software systems
Search Bitpipe.com for the latest white papers and business webcasts
Whatis.com, the online computer dictionary

DISCLAIMER: Our Tips Exchange is a forum for you to share technical advice and expertise with your peers and to learn from other enterprise IT professionals. TechTarget provides the infrastructure to facilitate this sharing of information. However, we cannot guarantee the accuracy or validity of the material submitted. You agree that your use of the Ask The Expert services and your reliance on any questions, answers, information or other materials received through this Web site is at your own risk.



Find CIO Solutions for Data Centers, Data Security, and Business Management

The CA IT Management Center - IT Governance, Management and Security

About Us  |  Contact Us  |  For Advertisers  |  For Business Partners  |  Site Index  |  RSS
SEARCH 
TechTarget provides technology professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective purchase decisions and managing their organizations' technology projects - with its network of technology-specific websites, events and online magazines.

TechTarget Corporate Web Site  |  Media Kits  |  Site Map




All Rights Reserved, Copyright 2007 - 2009, TechTarget | Read our Privacy Policy
  TechTarget - The IT Media ROI Experts