Companies that develop expandable, scalable modernization strategies for the technology investments usually realize the best results over time. Regular, planned updates of effective systems promote increased efficiency and output, while replacement of outdated equipment, either by newer equipment or "rented" solutions including cloud technology, prevents ongoing outages and business interruptions as well as expenditures for repairs, and long-term uncertainty. Research indicates most companies spent 80 percent of their technology budgets maintaining existing systems; identification of solutions that lower costs while driving productivity, such as leased equipment and cloud services, fosters optimal modernization results.
About the Author: With considerable experience in promoting efficiency and effectiveness in global operations, Paul Van Essche serves as a trusted advisor to clients in finance, banking, energy, and consumer goods. The owner of Van Essche and Associates, he oversees mergers and acquisitions, technology evaluation, and project start-ups. To contact Paul Van Essche, call 917-975-7947, and see his website www.vanessche.com.