The technology is evolving at a fast pace, following Moore’s Law of increasing the capacity and speed of the microprocessors every two years. Today customers acknowledge and appreciate companies who stay abreast & upbeat about the latest developments. Innovation is the key growth driver for any organization, which plans to develop itself in today’s world. But they also need to consider the financial aspects i.e. the costs involved in the process.

Technology is an enabler of innovation, drives efficiencies and leads to competitive advantage.  Yet, there are some ifs & buts to it. IT complexity is a big challenge and in order to sustain organizations have to invest and maintain complex IT infrastructure. They need to simplify it and make it relevant for their businesses.

The traditional CIOs can no longer remain information officers but need to grow as innovative officers.  We need to stay updated with the latest advancements, which holds relevance to our business domains.

The Gartner Priority Matrix suggests that over a period of time, the benefits associated with a technology and time required for mainstream adoption of the technology both have changed drastically. It proposes that Big Data, Cloud Computing, Extreme Information Processing and Management, In-Memory DMS and Media Tablet will take just another 2-5 years to be adapted in mainstream. In contrast, Quantum Computing, Mobile Robots, IoT, 3D Printing etc. will take about next 5-10 years or more to become popular among the masses.

Organizations can understand and learn about the new technologies and their implications by considering few tips and steps to bring in the change!

• Identify a technology policy: The organizations are required to chart out a long term IT strategy in line with its business objective and relevance. This helps to figure out the future course of action and understand technology path to pursue.
• Prepare a technology framework: Once the policy has been identified, analyze the technology available in the market, figure out its implications with respect to business & customer domains and align it accordingly.
• Initiate a technology association: The individuals passionate about technology developments can discuss and in tandem with R&D department start the adoption process. They will be able to educate the others in the organization about the benefits associated with the technology.
• Give R&D department a free hand: The department should be allocated a budget to take on research activities and implement the technology in their processes.
• Move ahead in small steps: The technology can be implemented in few specific functions to measure the effects and identify the challenges to be addressed. They should undertake POC projects to showcase their capabilities; undertake recognized certification courses and complete few sample projects. During all this activity, the organization should least consider about the financial feasibility, if they plan to move ahead and grow in this technology sphere. The departments can undertake pilot projects to understand the market opinion about the changes incorporated. This will help to draw inferences for further course of action.
• Upgrade your knowledge: The various social platforms and trade shows help to gather information about the technology innovations, market utilization and success rate etc. They provide first hand exposure and the concerns can be resolved as well. It helps understand the best practices and showcase our own product features for potential customers.
• Infuse new talent: Acknowledge the new employees and their expertise in the emerging technologies. They will help gain an upper hand in technology exposure for the organization.
• Be passionate about technology: Accept challenges as an opportunity to improve and outshine competitors. Have an inquisitive attitude towards new emerging technologies.

Technology empowers organizations to do great things. Organizations just need to be optimistic and explore new possibilities.
Suvigya Saxena is AVP, Technology @ PSI
Image Courtesy: www.bandt.com.auThe technology is evolving at a fast pace, following Moore’s Law of increasing the capacity and speed of the microprocessors every two years. Today customers acknowledge and appreciate companies who stay abreast & upbeat about the latest developments. Innovation is the key growth driver for any organization, which plans to develop itself in today’s world. But they also need to consider the financial aspects i.e. the costs involved in the process.
Technology is an enabler of innovation, drives efficiencies and leads to competitive advantage.  Yet, there are some ifs & buts to it. IT complexity is a big challenge and in order to sustain organizations have to invest and maintain complex IT infrastructure. They need to simplify it and make it relevant for their businesses.
The traditional CIOs can no longer remain information officers but need to grow as innovative officers.  We need to stay updated with the latest advancements, which holds relevance to our business domains.
The Gartner Priority Matrix suggests that over a period of time, the benefits associated with a technology and time required for mainstream adoption of the technology both have changed drastically. It proposes that Big Data, Cloud Computing, Extreme Information Processing and Management, In-Memory DMS and Media Tablet will take just another 2-5 years to be adapted in mainstream. In contrast, Quantum Computing, Mobile Robots, IoT, 3D Printing etc. will take about next 5-10 years or more to become popular among the masses.
Organizations can understand and learn about the new & emerging technologies and their implications by considering few tips and steps to bring in the change!

• Identify a technology policy: The organizations are required to chart out a long term IT strategy in line with its business objective and relevance. This helps to figure out the future course of action and understand technology path to pursue.
• Prepare a technology framework: Once the policy has been identified, analyze the technology available in the market, figure out its implications with respect to business & customer domains and align it accordingly.
• Initiate a technology association: The individuals passionate about technology developments can discuss and in tandem with R&D department start the adoption process. They will be able to educate the others in the organization about the benefits associated with the technology.
• Give R&D department a free hand: The department should be allocated a budget to take on research activities and implement the technology in their processes.
• Move ahead in small steps: The technology can be implemented in few specific functions to measure the effects and identify the challenges to be addressed. They should undertake POC projects to showcase their capabilities; undertake recognized certification courses and complete few sample projects. During all this activity, the organization should least consider about the financial feasibility, if they plan to move ahead and grow in this technology sphere. The departments can undertake pilot projects to understand the market opinion about the changes incorporated. This will help to draw inferences for further course of action.
• Upgrade your knowledge: The various social platforms and trade shows help to gather information about the technology innovations, market utilization and success rate, etc. They provide first hand exposure and the concerns can be resolved as well. It helps understand the best practices and showcase our own product features for potential customers.
• Infuse new talent: Acknowledge the new employees and their expertise in the emerging technologies. They will help gain an upper hand in technology exposure for the organization.
• Be passionate about technology: Accept challenges as an opportunity to improve and outshine competitors. Have an inquisitive attitude towards new emerging technologies.

Technology empowers organizations to do great things. Organizations just need to be optimistic and explore new possibilities.
Suvigya Saxena is AVP, Technology @ PSI
Image Courtesy: www.bandt.com.au[:]