How to effectively manage adoption risks with critical emerging technologies? Read On!
New and emerging technologies hold tremendous promise. If applied correctly, technology produces unprecedented value for an organization. We are also acutely aware that the opposite is also true. Arguably, the management of technology almost entirely focuses on its incorrect application; disaster stories abound.
CIOs, when thinking of risks associated with technology adoption righly focus on project and program implementation. You also take into account organizational readiness for technology adoption and change. However, there is a risk that is often overlooked: technology maturity. In simple terms, is the technology ready for adoption in the real world? The proverbial bleeding edge.
Technology Maturity Assessment is a systematic process that evaluates the maturity of hardware and software technologies critical to the performance of a larger system. The goal of a TMA is to help businesses understand their current level of technology readiness and make necessary improvements. TMA is important because it can help identify potential risks and issues with a technology before it's too late. This helps to make informed decisions about whether or not to employ or invest in certain technologies.
Technology readiness is important because it can help organizations make sound decisions about their technology investments. A technology readiness assessment (TRA) can help ensure that the right questions are asked and that the right data is collected before making a decision about a particular technology. The TRA process begins with developing an evaluation plan, followed by assessing the technology against key criteria and collecting empirical evidence.
A Technology Assessment can be used by small businesses or startups to assess their current situation and identify areas for improvement. It can also be used by larger companies who want to benchmark themselves against other similar businesses in order to see where they stand relative to the competition. It can be helpful in improving the efficiency of your IT department, and it can also help you make better decisions about long-term investments in IT infrastructure. Conducting a Technology readiness assessment is important because it gives businesses an accurate picture of their current situation and future needs.
So, how do you ascertain a technology's readiness or maturity level?
We refer you to an excellent discussion on assessing and evaluating a technology's readiness for practical application. Specifically, a best practices based framework and approach for evaluating technology maturity. CIOs will learn how to stay on the leading edge of technology disruption while avoiding the cliff of bleeding edge technologies.
This guide to technology assessment for implementation will help you understand:
- Â What is technology readiness?
- How to assess the readiness of a technology at a point in time?
- What is technology maturity?
- How to identify and mitigate potential technology risks in a program or project?
- How to stop or defer a program or project dependent on an immature technology?
- How to incorporate technology maturity into the stage gate process?
- How to incorporate technology maturity into technology governance?
CIOs can learn a structured, data-driven framework and process to evaluate the maturity of technologies critical to a business initiative.
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