According to research conducted by Infor, modern manufacturers must be weary of investing in short-term IT patches and isolated point solutions for fast-fixes. “In the long-term, such application bandages can hurt system-wide visibility and create data confusion. Leaping onto a hype-driven bandwagon can yield disappointing results, plus sidetrack other core foundation investments and upgrades which may be the greater need.”
Avoiding these fast-fixes means eliminating knee-jerk responses, and evading the top five dangers of hype-driven IT investments:
1. Keeping Up:
We’re all competitive, we want what the Joneses have – but just because your competition is adopting a particular technology doesn’t mean you should too.
“Blockchain is one example of a technology in the spotlight, gaining attention and adoption, even when there are uncertainties over the true benefits and long-term applications. Organisations should always be certain they are adopting solutions which align with a strategy, not simply because of pressures to follow a trend.”
Rushed decisions based on half-truths and incomplete information often lead to even greater problems. A quick fix usually only lasts about as long as it took to implement before the cracks begin to show. Rushed deployments can yield disappointing results, riddled with processes which were not well thought-out.
“Some early-stage deployments of IoT technology, for example, generated vast volumes of data, but without the ability to effectively sort and transform the data points into insights. Thorough planning, even if it means taking more time or hiring consultants, will pay off in the long-term.”
3. Temporary Bandages:
Don’t fall into the trap of implementing a fast fix for a situation that’s suddenly escalated to crises-level.
“Bandage-solutions may cover up the underlying issues, masking core problems. Doing a deep dive into causes and influencing factors will provide a more holistic view of the issues, allowing the organisation to make proactive changes where they will have the greatest impact.”
4. Lack of Integration:
Are your rushed deployments relevant across the organisation? Or do they only apply to one business unit or one isolated issue?
“The solution might be deployed to a few individuals or plug into processes only for ‘as needed’ use cases. On the surface this may seem harmless, until discrepancies start to appear, and different versions of the truth start to creep into reports, causing executives to question the reliability of all data.”
5. Lack of Strategy:
Without a big-picture strategy, system-wide efficiencies will never be achieved.
“With the foundation of a sound strategy, the business will have a guidepost to investments. This ensures that overarching goals are met first and individual business units act within priorities and parameters set at the top level of the organisation.”
To discover how EOH Infor Services can help you avoid these pitfalls and plan your IT investments strategically, CLICK HERE.
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