Building confidence in your SME’s IT Future
Being a business owner, managing partner or president of a growing organization that squeezes in the time to think about current and future growth is faced with overwhelming complexity and concerns about cost efficiency and scalability.
And they often actually avoid thinking and planning about it because their just more comfortable focusing on what they KNOW how to do – their core business.
The Business Technology Review is designed to take away the anxiety over making the wrong choices and frustrations over current limitations. It helps you prioritize, plan and breed confidence in your path forward.
Especially because you go through this review 1 on 1 with a trusted advisor that’s an expert in helping SMEs foster business growth and to understand IT as an integral part of your success as opposed to just an expense.
What is a Technology Review?
Technically, a Business Technology Review (BTR) is a strategic tool that evaluates a company’s technological infrastructure and aligns it with its business goals.
It provides a look back over past year’s performance and helps plan for next year and beyond.
But it’s also a 1:1 consultation about the technology side of your business with a seasoned business executive that’s helped shape the infrastructure of technology companies, healthcare, law firms, financial institutions and niche market businesses.
This article delves into the components of a Business Technology Review, illustrating how each section plays a crucial role in bolstering a business’s technological stance.
Key Sections of a Business Technology Review
You can think of these sections as both a report card and a planning opportunity. It’s a framework for discussion with a structure that ensures nothing is left to chance.
- Executive Summary and Strategic Overview
- This section provides a high-level view of the review’s findings, summarizing key points about the business’s current technology landscape, upcoming changes, and strategic recommendations.
- Client and Industry Changes
- Discusses recent or anticipated changes within the client’s business and industry, including growth patterns, technology adoption, and market trends. This part helps businesses understand external factors that could impact their technology strategy.
3. Risk and Exposure Review
- Evaluates potential risks in the business’s technology setup, including outdated systems, security vulnerabilities, and compliance issues. This review helps prioritize issues based on their potential impact on the business.
4. Infrastructure and Asset Analysis
- Details the current state of the business’s hardware and software assets. This includes evaluations of lifecycle statuses, usage efficiency, and any impending needs for upgrades or replacements.
5. Performance Metrics
- Provides a scorecard that assesses various aspects of the technology environment, such as hardware efficiency, software reliability, and security measures. This metrics-driven approach helps quantify the health of IT systems.
6. Recommendations for Improvement
- Offers targeted recommendations for upgrading systems, improving security postures, and enhancing operational efficiencies. This section is critical for planning future IT investments and initiatives.
7. Budget Review and Forecasting
- Looks at the current IT spending and projects future needs based on the review’s findings. Effective budget management is emphasized to align financial resources with strategic technology goals.
Benefits of a Business Technology Review
- Strategic Alignment: Ensures that every technology investment contributes to the business’s strategic goals.
- Cost Management: Identifies cost-saving opportunities by optimizing technology investments and reducing waste.
- Enhanced Security: Highlights vulnerabilities and recommends measures to enhance data security and regulatory compliance.
- Operational Efficiency: Suggests improvements for systems and processes to boost overall business productivity.
REAL Benefits of a Business Technology Review
Confidence. Awareness. Focus. Satisfaction. Operational and financial efficiency.
A Business Technology Review can fundamentally transform an SME owner’s approach to technology.
Schedule your FIRST Business Technology Review
Call Verified Technologies to get started and ask to speak with Alan Dawson about your business and its future – and get started on your path to better IT and a better business.
