Technology Economics
You are all doing it, it just doesn’t have a name yet
Technology Economics has been around since there’s been technology, but rather than using it as a governing framework, it’s been buried under budgeting, project committees, purchasing, review boards, transfer pricing, and the like.
Let’s remind ourselves on the relevant definition of economics (from Merriam-Webster:
“The description and analysis of the production, distribution, and consumption of goods and services”
Now lets build on that to define our take on technology economics (“TE”):
“The description and analysis of the production, distribution, and consumption of technology goods and services”
Technology economics exists on the global, ecosystem/ value chain, and personal levels. We at Perceptus focus on TE at the firm level, where:
Production = Installation, development & operations, integration, security, service desk
Distribution = Service provision to internal and external stakeholders, costing & billing
Consumption = Procurement, services acquisition and management - SAAS. cloud, professional services, managed services
And, like traditional economics, looking at the inter-relationships to identify opportunities for optimization and insights for better decision making, especially around resource allocation.
Perceptus combines Flexera products and proprietary data sets with client files in order to provide comprehensive visibility into your IT environment and its associated TE.
With this visibility, you can move from reactive budgeting that focus on the run side of IT, managing your run, grow, and change budgets for ROI, similar to a portfolio of financial assets.
All companies are already doing TE, but without sufficient visibility or insight to truly grow and innovate as they would like. Getting started is straightforward, cost effective, and high ROI. What’s holding you back?
