Technology Life Cycle Management—A Four-Dimensional Approach

Technology Life Cycle Management—A Four-Dimensional Approach

Technology Life Cycle Management—A Four-Dimensional Approach

Credit: AOTMP Insights, Sept. 2020

Technology conversion and updating projects are at the forefront of the minds of telecom, mobility and IT management professionals. They want to push for positive change in their organizations, whether it’s reducing technological risk from aging infrastructure or optimizing business results through customer engagement. In short, there are a variety of opportunities for growth.

Life cycle management during and after change events, such as the massive one we’re currently facing in the new COVID-19 landscape, frequently lack the same level of pre-planning attention and new technologies. Lack of life cycle planning effectively sets business risk landmines that can unravel the gains made with new technology.

Through this lens, let’s look at four influencing groups:
  1. Technical – Technical teams design communication networks and systems that enable humans to communicate with electronics.
  2. Financial – Financial teams evaluate and manage electronic and telecommunications costs.
  3. Operational – Operations teams oversee and push forward business processes that support users and electronics/telecom.
  4. Business – Business teams establish requirements and identify opportunities to leverage technology to drive optimal business results.

Across these four influence groups—Technical, Financial, Operational, and Business—it is common that only one or two will focus on life cycle management practices as opposed to incorporating life cycle management into each group equally. The result is a disjointed effort in which each group operates individually of the others.

At Trinitas, we guide companies in establishing a cohesive life cycle management approach across all four categories and highlighting the influence each group can have on the others. This creates a balanced approach with fewer life cycle gaps.

As the Telecom Manager of a large insurance company recently put it, “Trinitas has helped us gain insights into our life cycle management that we did not know. They helped us implement results-oriented strategies that have positively impacted our company.”

Trinitas can help you create the balanced approach to life cycle management, one that will drive greater efficiency, significantly lower costs and create positive results. It’s an incredibly important time to maximize your company’s technological capabilities, ensuring you are ahead of the curve, and not struggling to keep up with it.

Learn more about Trinitas’ services and how they can bring efficiencies and cost savings to your business.

Sign up for a FREE assessment below or call 512-949-3680 to speak with a consultant.

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