With
the rapid advancements made in information technology, two things have
become obvious in today’s business environment. One, technological
capabilities have surpassed business needs; and two, businesses have the
power to determine the capabilities of technology they need. In other
words, technology is readily available. But availability is only part
of the solution. When it comes to investing in technology, many businesses
find themselves grappling with the issue of cost effectiveness. The common
questions that arise are – what capabilities of technology does
one need, and what is a fair price.
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