What’s the number-1 factor you consider when deciding whether a new tool is worth purchasing?
Budget allocation19%
Potential process improvements59%
Onboarding & training bandwidth10%
Security & compliance10%
Reviewing prior purchase overlap2%
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CIO / Managing Partner in Manufacturing, 2 - 10 employees
PI is one way of putting it, a better way might be “is it solving a major business problem that we do not have a tool to solve at the moment”.Managing Partner, Partnerships & Strategy in Software, 1,001 - 5,000 employees
I’d consider how much the benefits outweigh the costs, and whether the tool adds or improves capabilities. For example: We recently passed on implementing a new market automation platform. While it added new capability with its many features, the cost to purchase, implement and maintain wasn’t worth it.
Director of Network Transformation, Self-employed
In this day and age? Can I consolidate tools. The rule I had was if I could remove two tools for one, then yes! Content you might like
Physical Access Control29%
Regulatory & Compliance60%
Maintenance & Updates10%
Other1%
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Cyber Security36%
Cloud Computing/Cloud Migration49%
Artificial Intelligence (AI) and Machine Learning (ML)71%
IoT (Internet of Things)30%
Digital Transformation:31%
WFH/Remote Work16%
Legacy Systems Modernization11%
Data Management9%
158 PARTICIPANTS
Head of Information and Data Analytics in Software, 5,001 - 10,000 employees
There is no doubt that AI and Machine Learning have had a tremendous impact on business. It fact, it is being applied to almost every industry there is. Here are some quick examples of how AI/ ML have created business ...read moreCommunity User in Software, 11 - 50 employees
organized a virtual escape room via https://www.puzzlebreak.us/ - even though his team lost it was a fun subtitue for just a "virtual happy hour"