If this rings true with you, then you might be interested to know that you can actually save a lot of money by opening a new piece of technology more often. You may think that’s not possible, or that it doesn’t make any sense, but in the context of business, regularly and procedurally updating technology is an absolute must.
This process is called a Technology Lifecycle Management Plan, or TLM for short. By implementing a TLM you can save thousands of dollars in upgrade costs and man hours and carve the inefficiency out of your day to day operations. For example sake, say a new business is getting up and running and wishes to be at the bleeding edge of technology. So they buy a brand new computer and telecommunications solution that is the very best money can buy. They want to get the best value for money for their purchase so they keep the same solution for a long long time, until it simply isn’t viable to use it any longer and then they junk the entire set and buy in at the forefront of the curve once more. This costs a huge amount of money and towards the back end of the solutions life cycle will cause inefficiencies and incur service costs to keep the system running. The business would have been far better off buying a mid range solution to begin with, which would cost almost half the amount of the bleeding edge solution but wouldn’t lose even close to 50% performance. As soon as the cheaper solution begins to slow down, become inefficient or outdated, the business can then upgrade to the current mid range solution for the same total price as they would have paid for the bleeding edge solution originally.
That may seem long and complicated, but put simply it means, don’t buy the absolute bleeding edge of technology for your business, rather, buy the mid range products because they generally represent far greater value.
And the advantages don’t end there! Consider for a moment, your poor, underpaid, overworked, under-appreciated IT staff. Whether they are in-house or contracted, there is a good chance if a piece of technology is bleeding edge, they won’t be highly familiar with it. This will mean that initially service turnaround will be inefficient whilst the IT staff become accustomed to the technology. After they do become accustomed with it, they will then have to endure its long and slow decline towards the junk heap as you steadfastly refuse to upgrade because you “paid a goddamn fortune for it” in the first place. All this pain could be avoided by buying a mid range solution that your IT people will undoubtedly be familiar with, which will come with a modest price tag which will allow you to upgrade within a reasonable period of time.
Maybe you still aren’t convinced, and you are sitting at your desk thinking “Stupid blogger, doesn’t know anything, I’m just going to buy the most expensive one and I’ll be happy.”