In-depth

Top innovation tips - for technology buyers

Sometimes, the words of the wise can really help. When it comes to innovation, they're invaluable. Here are some hints and tips for technology buyers.

Lightbulb

Top tips for technology buyers

- Don't be fearful of innovation, even in a tough market. Recessions often give rise to entirely new business models. Ignore innovations and you risk losing business to those who exploit them.

- Do look at the financial viability of an innovative supplier. A company without a large cash reserve and strong profits can still deliver real business benefits. It is a question of risk and reward.

Advertisement - Article continues below

- Allow for supplier failure, or acquisition, as part of the project plan. Are there others who could supply functionally similar technology? How easy would it be to switch? How much in-house expertise do you need to support the application or technology? If you buy through an integrator or consultancy, will they support the technology if the original vendor ceases to trade and under what terms?

- Look at new delivery models as well as innovative technologies. Cloud computing and software as a service allow businesses to test out new ideas and business processes without committing capex to hardware or software licences. Consider piloting new technologies in less critical areas, and build a resilient architecture that can cope with change. In software, service oriented architectures (SOA) and open standards make it easier to switch out a technology if the supplier fails.

Advertisement
Advertisement - Article continues below

- Don't be afraid of failures: true innovation means taking risks. Always taking the safe path will allow competitors to gain the advantage.

Featured Resources

Top 5 challenges of migrating applications to the cloud

Explore how VMware Cloud on AWS helps to address common cloud migration challenges

Download now

3 reasons why now is the time to rethink your network

Changing requirements call for new solutions

Download now

All-flash buyer’s guide

Tips for evaluating Solid-State Arrays

Download now

Enabling enterprise machine and deep learning with intelligent storage

The power of AI can only be realised through efficient and performant delivery of data

Download now
Advertisement

Recommended

Visit/security/355013/10-quick-tips-to-identifying-phishing-emails
Security

10 quick tips to identifying phishing emails

16 Mar 2020
Visit/business-strategy/mergers-and-acquisitions/354941/panda-security-to-be-acquired-by-watchguard
mergers and acquisitions

Panda Security to be acquired by WatchGuard

9 Mar 2020
Visit/business/business-strategy/354677/what-can-silicon-valley-learn-from-the-rest-of-the-world
Business strategy

What can Silicon Valley learn from the rest of the world?

30 Jan 2020
Visit/business-strategy/startups/354643/what-can-the-rest-of-the-world-learn-from-silicon-valley
startups

What can the rest of the world learn from Silicon Valley?

27 Jan 2020

Most Popular

Visit/software/video-conferencing/355138/zoom-beaming-ios-user-data-to-facebook-for-targeted-ads
video conferencing

Zoom beams iOS user data to Facebook for targeted ads

27 Mar 2020
Visit/infrastructure/server-storage/355118/hpe-warns-of-critical-bug-that-destroys-ssds-after-40000-hours
Server & storage

HPE warns of 'critical' bug that destroys SSDs after 40,000 hours

26 Mar 2020
Visit/software/355113/companies-offering-free-software-to-fight-covid-19
Software

These are the companies offering free software during the coronavirus crisis

25 Mar 2020
Visit/mobile/mobile-phones/355088/apple-lifts-iphone-purchase-restrictions
Mobile Phones

Apple lifts iPhone purchase restrictions

23 Mar 2020