- IT leaders spend an inordinate amount of time and resources evaluating and procuring technology solutions that have become, or are rapidly becoming, commodities.
- The time wasted comparing features and functionality in commoditized markets can be measured in person-years in many organizations.
- Many IT leaders and procurement processes haven’t yet adapted to hyperchange (the law of accelerating returns) and rapid commoditization when evaluating technology markets.
Our Advice
Critical Insight
- Quickly identify where a technology market is in the race to commoditization.
- Change your procurement process – from product identification and evaluation to selection and purchasing.
- It will be necessary to work closely with procurement and finance to adapt processes to a changing technology market.
Impact and Result
- Leverage proven methodologies to reduce the selection and purchasing lifecycle from months or years to days or weeks.
- Using a standard market evaluation process, IT leaders can save time and resources by changing the way they evaluate products in markets that are rapidly becoming commoditized.
- Effectively communicate to the organization how hyperchange impacts technology markets.