BrandPost: The Economics of Technology Investments

The 4th Industrial Revolution is moving at a pace so significant that there is no historical precedent. Even within the world of economics, we’re experiencing a new kind of economy: a Technology Economy. In this evolving landscape, enterprises that understand Technology Economics principles and use them to guide decisions are among top industry performers.

So what does this mean for evaluating the cost and effectiveness of your tech stack and planned IT investments? Glad you asked. Here is a framework for managing your Technology Economy.

New asset classes are born

A substantial part of any economy is assessing risk and identifying value. When calculating the value of technology, it’s necessary to consider how technology influences your operational costs, efficiency, customer satisfaction, and ability to deliver products to market. As with traditional economies, in a Technology Economy, each investment in a particular technology presents relative levels of value and risk. However, rather than measuring those variables on a scale of profit, loss, and volatility, value and risk in a technology context correspond to attributes such as economics, scalability, software capabilities, information security, reliability, availability, and sustainability impact.

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