Implementing Technology as a Response to the Crisis

Although in these hard times the general tendency is to cut expenses in technology, investing intelligently in technology can be the solution.

Tuesday, June 9, 2009

Owners and intelligent managers are seeking information technologies and communications that aid their businesses´ need to connect to clients and improve client interactions so as to increase income and, fundamentally, reduce costs.

The challenge is: How to balance the need to reduce costs and suppress capital expenditures with the increasingly urgent demands for more innovation? Can one be prudent and innovative at the same time?

To do it, talent is needed. Courage and vision is needed. It is necessary to take a little time and evaluate the value of each IT project to the business.

The article by Elaine Appleton Grant in Bmighty.com shows us some of the small and medium businesses that have done it.

More on this topic

Lots of Talk About "Innovation" But Then They Ban It

December 2015

The multi million dollar spending sprees that governments hope will drive innovation and improvements in business productivity is in stark contrast with the widespread tendency to maintain the status quo of the markets.

"In 2005 in Costa Rica they wanted to block Skype, in 2015 they want to block Uber."

Agenda for ICT Development in El Salvador

May 2013

It is vital for the nation's economy that an agenda on Information and Communication Technologies be developed, accompanied by the relevant legislation.

Peter Argumedo, senior researcher at Fusades called for swift approval in the Legislative Assembly of the draft laws related to computer security, in order to promote an investment climate.

Costs Which Can be Avoided

February 2011

Taking time to eliminate hidden costs in business may be the best short-term investment.

In the article by Omar Becerril at Altonivel.com.mx, he highlights some of the types of expenses in which businesses often incur. Even highly efficient processes may be covering up unnecessary costs that can be avoided.

GBM Grew by 61% in 2008

March 2009

The IBM distributor in the region announced its plan for 2009, predicting a 15% growth in 2009.

Faced with the prospect of a difficult 2009, the General Manager of GBM Panama, Guillermo Sáez-Llorens told La Estrella de Panama that "for us, it is important to consider financial risks and funding formulas." He also explained that companies must "optimize technology infrastructure and reduce consumption" as a cost reduction measure."

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