In recent years, the pace of technology and business change has rapidly increased, requiring new commercial models and changes to the existing models. Companies – all companies, not just technology companies – must now regularly update technology across their entire organizations and customer-facing services and products.
Successful technology projects boost revenues, distinguish a company and its offerings from the competition, and transform and improve a company’s relationships with its customers. Failure, on the other hand, can have a profound impact on product development, customer service and market reputation for years to come. Consequently, planning for technology innovation and deployment projects requires careful mapping of strategic objectives, deliverables, and realistic work-around options.
Laurence Jacobs and Nicholas Smith, partners at Milbank, Tweed, Hadley & McCloy, have identified a variety of transaction structures that companies can use to develop new technologies and to leverage existing infrastructure, technologies, and customer bases. They have also focused on the relative strengths and weaknesses of these models in fostering technology innovation and best practices when designing and managing a project to develop and deploy technology or technology services.
Digital disruption isn't so much an IT project as the future of business, and this requires widespread collaboration across all units. ... More >>
Five challenges preventing enterprise IT from shifting to open source and tips for tackling them to keep the future of open source heading in the right direction. ... More >>
How does Dev balance the pressure for speed with the need to ensure quality? Here are a few best practices for striking an appropriate balance to ensure that speed and quality is not an either/or choice. ... More >>