New technology implementation: Costs, benefits and 5 steps to make it successfully

Change is very important in business, as it is in life. Many companies around the world are currently conducting digital transformation. However, implementing new technology can be challenging for businesses due to the cost of the transformation, staff training that will be required, and the fear of the unknown. Furthermore, digital transformation is now becoming a requirement for all businesses which want to compete effectively and propel their operations into the twenty-first century. For that reason, in this article, AHT TECH JSC will bring to you the information about  Costs, benefits and 5 steps to make it successfully of the new technology implementation. So don’t miss any parts. Let’s start right now. 

Technology implementation

Costs of Technology implementation.

When it comes to costs, there are three major categories to consider.

Money

This is definitely the first thing we should mention when considering the cost. Drones and robotic swarms are becoming more common. However, they are a significant expense for businesses. It’s the same with software solutions. While the increasing popularity of construction management solutions like BIM, AI models is understandable, all of them are still more expensive than traditional methods. And this is regularly regarded as a problem

Time

Time is also considered as a cost, especially in the IT industry, where there are strict deadlines and penalties for project delays. Implementing a software solution is a good example of time cost. It takes time to adjust required features, implement new procedures, transfer data, and train employees. A critical period in which the team is not operating at full capacity.

Physical

This category is the physical costs incurred by the company, such as issues with team management, security, or workflow. For example, Investing in drones can be linked to job cuts. Because it can easily alienate the rest of the staff. Furthermore, construction management solutions can appear overly complex at first, which can discourage the team and cause issues with the overall workflow.

Benefits of Technology implementation

Oftentimes, when companies consider investing in new technologies, they usually focus too much on costs and underestimate the benefits of the solutions. Therefore, the following are the benefits of Technology implementation:

Delivery Time is Reduced

For example, offsite manufacturing allows for the fabrication of structural components (or even entire structures!) away from the construction site. Although it appears to be costly at first, this method aids in making processes faster and less expensive. Furthermore, it is an excellent way to avoid exposing your workers to crowded work environments (such as those found on traditional construction sites) during the COVID19 pandemic.

Increased Safety

Drones and humanoid workers are an ideal solution to the labor crisis. Because they require fewer employees to produce the process on the construction site. In addition, by lifting heavy materials or protecting workers’ bodies, these technologies can help to boost safety. These technologies can also help your company build in extremely dangerous or difficult-to-reach terrains. As a result, it helps expand your chances and protect your employees.

Data availability & Complete Management

Nowadays, modern management solutions are critical in each industry. Because of remote work, every business’s processes, communication, documentation, and time management have become a challenge. Therefore, next-generation ERP software assists the team in daily tasks by storing all necessary information in one location that is accessible from any computer (with an internet connection).

How do you deal with the cost of New technology implementation when it’s too high?

It is essential to properly calculate the advantages and disadvantages of each solution during the decision-making process. But if we want to invest in new technology but the costs are prohibitively expensive? So what should we do? Fortunately, there are some options! For example, instead of purchasing machines, it is able to make a partnership with high-tech companies and receive them instead. In addition, the government plays an important role in digitalizing the industry by changing the law or assisting businesses with benefit programs. Furthermore, coming to the management software, many businesses provide free trials or demos that demonstrate all of the available options. Furthermore, in some cases, you can use the software implementation, which will save you from the cost of lost time and team productivity.

5 steps to make new technology implementation successfully

New technology implementation

Research technologies that will help your company solve problems.

The goal of implementing new technology is to solve problems or inefficiencies. While some solutions are clear, others necessitate a little (or a lot) of investigation.

You will look for solutions as problems occur. Make sure you have a wide net and investigate all viable options. Then, after you’ve determined the best technological solution, share it with your employees! Inform them that you are considering a new technology. Besides that, you also should explain how it will solve a problem for them.

More importantly, it is also critical to ensure that the technology you are considering implementing will aid in the resolution of the issues. Asking more from relevant parties is one way to ensure this. Involving them at all levels aids in the identification of unexpected problems, the development of solutions, and, ultimately, the transition.

Form an implementation team to support it.

What is the purpose of an implementation team? Because the superiority of the new technology over its competitors and its strategic value mean little. The first step in the implementation process is to put together a team to handle three critical tasks:

  • Making certain that adequate resources are allocated to the project.
  • Managing administrative details.
  • Managing priorities

You need an internal “sponsor” for the new technology, a project manager, and an “integrator” to accomplish these three tasks.

Conduct a pilot program.

The creation of a pilot program is the next step in the implementation process. This experiment will demonstrate to top management the technical feasibility of the project.

You can solve some problems during the pilot program such as connecting the new technology to old ones and figuring out processes for task completion with the new technology. After solving the problems, you’ll be ready to scale up.

After the pilot program is completed, proceed to the final stages of implementation, which will focus on installation, setup, and training.

Train your employees to use the new tool. 

Not all technologies are easy to use. New technologies are often complex and necessitate extensive training.

Providing engaging training sessions is critical to the success of the implementation. So consider the following aspects of an effective training session:

  • Everyone has a unique learning style and set of requirements. By providing a variety of materials and options, you can tailor your training sessions to all types of learners.
  • Make the training personal by explaining why it is important to them and how it will affect their day-to-day work.
  • Request user feedback at each stage of the implementation.

If there is confusion or resistance from the start, adoption rates will be low. So don’t forget the importance of appropriate training when introducing new technology.

Start using the tool, fine-tuning it as you go.

Congratulations on making it to the launch! You’ve tested your new technology and it’s ready to go.

However, the final step in ensuring the successful integration of new technology is evaluating its performance after installation.

If a problem comes, continue to iterate on how you use the new technology or how it was set up. Don’t be afraid to seek assistance from your account manager. They will be more than happy to ensure that your new technology is working properly for you.

Conclusion

Finding a reliable IT partner to assist you is the best method to ensure the success of new technology implementation. At AHT TECH JSC, we will take the appropriate approach to assist our customers in getting their new IT up and running in order to make an achievement of their new digital workplace in the future. Our Technical implementation services will not make you disappointed. Furthermore, if you need the technology consultation, you also can consider our best technology solution consulting services. Don’t worry, with solutions and services of AHT TECH JSC, you will find out the best way for your business development.  So what are you waiting for? Let’s fill out your information into CONTACT FORM. And then our support team will respond to you as soon as possible. 

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