Tech transformation is no longer a choice for organizations of all sizes and scales. You may already have a basic infrastructure, but legacy systems and outdated devices cannot keep your business at pace with the competitors. You will have to pick an initiative sooner than later, even if you run on a shoestring budget. But you should not skimp on the improvement only due to money constraints. Fortunately, there are ways to modernize your business on a budget and keep it relevant and competitive. Let us share some frugal tech transformation advice you can rely on.
Involve your team
Bringing the team together is the best way to start your transformation journey. It helps you pick the priority areas and skip the rest to ensure that the initiative does not cross your budget. Moreover, you need not worry about the team’s buy-in of new solutions, as they will already be on the same page. Let your stakeholders help you estimate the costs of projects and vote on the level of effort required to implement them.
Define measurable milestones
You need not dive into tech transformation head-on when money is a concern. An iterative approach with measurable, achievable milestones is a better option. It enables you to break the journey into parts and pick them in pieces according to your current capacity. You get a clear view of charting progress over time to continue to gradually move the organization forward. The best part is that you need not spend it at once.
Embrace the staff augmentation model
Transforming your business is not only about adopting new off-the-shelf solutions. You may also need to invest in custom software. Hiring a development team is not a good option when you are tight on budget. Consider embracing the staff augmentation model to have skilled developers working as a part of your team. Most American companies opt for it staff augmentation latin america because top talent is affordable in the LATAM region. You can also get tech resources across all areas of expertise without spending a fortune.
Align the initiative with overall goal
Aligning the IT initiative with the overall goal of your business is another way to achieve more with less. Moreover, you will probably have no qualms about spending a bit more on software that enhances efficiency and reduces costs for the long haul. Consider your current position and map where you want to reach in the next few years to pick technologies that will take you there.
Consider maintenance costs
Digital transformation is not a one-time initiative, but a long-term commitment. Most apps and tools entail lifetime funding as you start with development costs and incur more on maintenance and upgrades down the line. Of course, it is much cheaper than building from scratch, but scalability has a cost. You must budget for nurturing your tech assets to keep them relevant and productive.
Modernizing your business takes a hefty investment, but a frugal approach can keep the initiative within budget. Follow these simple tips to achieve modernization without breaking the bank.
