Report cover image

IDC PlanScape: Technology Investments Future Proofing to Balance Innovation with Cost, Value, and Practicality

Publisher IDC
Published Apr 17, 2024
Length 12 Pages
SKU # IDC18710715

Description

IDC PlanScape: Technology Investments Future Proofing to Balance Innovation with Cost, Value, and Practicality


Innovation is about creating new business models or improving existing ones in the backdrop of continuously emerging technologies that deeply redefine possibilities. In this context, many innovation initiatives will fail, while a few may allow the enterprise to survive or even thrive. Future proofing technology investments — balancing innovation with cost, technology and business value, and practicality — is the new imperative for CIOs, CEOs, boards of directors, C-suite executives, and LOB executives. Figure 2 summarizes this point.This IDC PlanScape provides a guide for future proofing technology investments by detailing why this issue is critical, outlining key challenges, identifying involved stakeholders, and recommending pragmatic actions to position the organization for success. It suggests taking a phased, proof-of-concept approach to new technologies that involves cross-functional teams and maintains the flexibility to course-correct as needed. This IDC PlanScape also recommends prioritizing solutions that integrate with existing systems and continuously rebalancing the investment portfolio across the exploration, exploitation, evolution, and elimination phases. The overall goal is to provide practical advice that will result in technology investments that drive growth and productivity without excessive risk."By institutionalizing the future proofing of technology investment as a core organizational practice, CIOs and IT leaders can drive sustainable enterprise growth through technology transformation while mitigating excessive risks and costs," says Serge Findling, adjunct research advisor with IDC's IT Executive Programs (IEP). "They can nurture a culture of pragmatic innovation, implement agile data-driven processes, prioritize flexibility and integration, and ruthlessly optimize their technology footprint over time." Future proofing is an eternal cycle requiring an unwavering commitment to balancing strategic vision with pragmatic realities.

Please Note: Extended description available upon request.

Table of Contents

12 Pages
IDC PlanScape Figure
Executive Summary
Cost
Value
Practicality
Balancing Change and Choices
Why Is Technology Investments Future Proofing Important?
What Is Technology Investments Future Proofing?
Taking a Phased Approach
Exploration Phase
Exploitation Phase
Evolution Phase
Elimination Phase
Who Are the Key Stakeholders?
How Can My Organization Take Advantage of Technology Investments Future Proofing?
Overall Approach
Exploration
Exploitation
Evolution
Elimination
Advice for Technology Buyers
Related Research

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us