Time for Technology Investments to Deliver Results
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Transcript of Time for Technology Investments to Deliver Results
Time for Technology Investments
to Deliver Results
Technology
Investments have
Grown over TimeCompanies have invested in cloud, digitization, and automation to realize:
Agility in business operations
Higher productivity
Innovative tech-products
Speed-to-market
Companies today demand swift, demonstrable returns on their tech investments, and:
Can Tech Investments
Deliver all they
Promise?
New investments take the back seat as companies seek to:
Generate larger amounts of operating income
Shorten the business life cycle
Move capex to opex
Reduce IT management costs
Realizing Financial Returns from Tech Investments
Case Study 1: How a Manufacturer Reduced Costs with the IOT
Case Study 2: How a Radiopharmaceuticals Company Reduced Production Waste
Case Study 3: How a Saudi Petrochemicals Company Reduced HR
Manpower Costs by Nearly 20%
Made fixes before breakdown
Predicted repair and maintenance issues using the IoT
Achieved cost reduction
Improved cash flow across the company
Eliminated downtime
Case Study 1: How a Manufacturer Reduced Costs with the IoT
Machine breakdowns caused downtime
Cost inefficiencies prevailed
$
Revenue and vendor payments difficult to track
Stockpiles of expensive, products existed
Improved order tracking efficiency
Leveraged real-time pharmacy system to track transactions
Realized cost savings
Eliminated setup costs and production waste
Case Study 2: How a Radiopharmaceuticals Company Reduced Production Waste
Prolonged evaluation and compensation cycles
HR efficiency impaired
Introduced cloud-based SaaSrecruitment systems
Reduced compensation planning time
Used online platform to monitor trainings
Reduced HR manpower costs by 20%
Case Study 3: How a Saudi Petrochemicals Company Reduced HR Manpower Costs by Nearly 20%
Evaluating returns on older tech investments before approving new ones
Ensuring finance plays a role in assessing viability of future investments
Getting technology leaders to articulate a clear business case for new investments
How Smart Companies
are Planning Tech
Investments
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Time For Technology
Investments
to Deliver Results