#7 What is one technology investment that could make the biggest difference to revenue?

From the Series, 7 Questions Board Members Should Be Asking. This article was originally posted on Medium. View article

This is a great question to ask everyone in your C-suite if you can. The key things to pay attention to are both what folks propose and where there’s consensus amongst the C-suite.

By the way, if you hear Web3 or the Metaverse, I believe that’s a tad too far out at the moment and may be a bit too vaporware. Let’s fine-tune the question to “in the next year or two” to get a feel for where there may be some lost opportunities within your organization.

I should mention that there’s no prescriptive solution, but the answers can lead to great next steps. And, not to give a hard sell here, but this is a great place to bring in Lights On Advantage to give you a hand.

Follow-up Questions:

  • Have you asked for budget/support for your idea?

  • If so, what happened?

  • If not, why not?

Interested in reading the full series? Links below to 7 Questions Board Members Should Be Asking

#1: What are the ages and annual costs for our most critical systems?

#2 How much tech debt do we have, and how much is it costing us annually

#3 What’s the retention rate of our technical personnel?

#4 What does keeping the technical “lights on” cost us annually?

#5 If we invested 100k in “lights on” efficiencies, how much would we free up in dollars and resources?

#6 What is our “unfair data advantage?”

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Is it time to Marie Kondo our software as a service portfolio?

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#6 What is our “unfair data advantage?”