EDUCATION – Not too Technical

DESCRIPTION:

Information Technology possesses the remarkable ability to provide efficiency to business practices. However, it is more important to educate yourself on how to properly use the technology to your advantage than it is to understand the intricacies of how such technology actually works.

RISK:

Any industry promotes products using many technologies. It can be difficult to anticipate the impact of new technology on your business. Many companies forego the comprehensive knowledge required to make sound decisions on new spending. The result is often a product that costs more to maintain than it was to buy. Only by understanding the market demand for technology can you invest properly and make a profit out of technology that you know will work.

CONSEQUENCES:

• Likely to use illegal or pirated software
• By not consolidating equipment, you pay more for less
• An employee using the wrong machine or program dips productivity
• Outdated or manual file storage strains profitability