546 Maximize Your Tech Return on Investment (ROI)

In this episode of the IT Business Podcast, host Marvin Bee interviews Nathaniel Morris, from EQ Digital, on maximizing technological value for businesses. They discuss how technology is an expensive investment, and many companies fail to get the most value out of it due to improper deployment, redundancies, and lack of understanding of its impact on the business. Nathaniel emphasizes that technical teams need to understand the business context and articulate how technology can enable better capabilities and deliver more value to the company.

Nathaniel explains how companies can identify issues with their culture, trust, and clarity, which are essential for a healthy technology organization. He emphasizes the importance of transparency and alignment between business and tech partners to deliver real value to customers.

Highlights:

• Technology is an expensive investment, and businesses need to ensure they get the maximum value out of it.
• Technical teams should focus on understanding the business context and how technology impacts the organization positively.
• Companies can add 20% in business value without adding new technology by leveraging existing resources and understanding their impact on the business.
• When technology decisions are made without considering the business's needs and customer experience, it can lead to significant financial losses.
• An outside perspective can help identify and address trust, clarity, and culture issues within an organization.
• Building culture is about creating the right conditions and ensuring a trustworthy environment with clarity for employees.
• Healthy technology organizations require a balance of trust, culture, and clarity among their teams.
• Transparency between technology providers and clients fosters a partnership that drives value for both parties.
•  EQ Digital focuses on emotional intelligence and business alignment in the digital transformation process.

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Website: https://eqdigital.com/

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