Return on Innovation - Overview
Measurable returns for your ICT investments
If you're investing into a business and have nothing to show for it, you're not going to be in business for long.
The implementation of any technology enabled business improvement has the potential to impact multiple facets of an organisation including people, culture, systems and process. Measuring the return on this innovation requires clarity on the desired outcomes. After all, if you don’t know the destination, how can you plan and manage your journey?
Through NEC’s Business Case Development services, our Consultants help articulate and calculate the expected strategic, financial, operational and regulatory benefits from investment in ICT innovation and capability improvement.
Our Strategic Consulting team build business cases that compare the benefits associated with making the change against the alternative of doing nothing. The estimated costs, savings, and economic benefits for each case are calculated, and sensitivity analysis is performed to identify assumptions, which materially change the outcome.
Being clear on the expected return from ICT innovation supports the development and the application of key metrics that can then be used to evaluate performance throughout the investment lifecycle.
- Business case development
- Benefits tracking
Whether you are looking to invest in optimising your costs and existing systems, or looking to transform your business processes through ICT enablement, NEC can support you to identify and measure the real benefits of change. Contact us today.