Evaluating Emerging Trends and Technologies for a Company

Discussion Post: Evaluating Emerging Trends and Technologies for a Company
Post a 150- to 225-word (2- to 3-paragraph) description of how you would go
about assessing whether or not the adoption of an emerging trend or technology
would add value to your company if you were the CEO. In your description, do the
following:
Identify the main areas of value you would be looking to add to your business
(e.g., profitability).
Describe the important pieces of information you would need to know, or need to
take into consideration, about the emerging trend or technology in order to make
a final decision.
There is no question that today technology is changing how everything is done across all
industries, affecting all departments, processes, and workflows. However, not every type of
technology is necessary and can add value to a business. Whereas some can improve the
efficiency and productivity of the organization, others could be useless and costly. Therefore, as
the CEO of a company, the key areas of value that I would be looking to add to the business
include profitability, employee performance (including motivation), and work efficiency. My
target is to improve the company’s profit margins and revenues, enabling the organization to be
economically sustainable in the long run. Besides, my aim is to ensure that the new technology
adds value to the performance of my staff members, such as boosting their morale. Finally, I
would wish to add value to the quality, cost, timely delivery, as well as safety,
On the other hand, I believe the first and most important consideration I need to know
about the emerging technology or trend so as to make the final decision is the cost of developing
or integrating the new technology. It is vital to approximate the general cost of integrating the

DISCUSSION POST: EMERGING TRENDS AND TECHNOLOGIES 3
new technology into the company, meaning that the new technology should be able to make a
return on investment (Cresswell, Bates, & Sheikh, 2013). Is it costly or cheap to hire new
developers in comparison to the current costs incurred by present developers? The other factors
include security, capability, usability, and interoperability. The new technology is only worthy if
it brings new capabilities that are absent right now (Cresswell, Bates, & Sheikh, 2013). It should
also not pose a security threat to the data and welfare of staff members.

DISCUSSION POST: EMERGING TRENDS AND TECHNOLOGIES 4

References

Cresswell, K. M., Bates, D. W., & Sheikh, A. (2013). Ten key considerations for the successful
implementation and adoption of large-scale health information technology. Journal of the
American Medical Informatics Association, 20(e1), e9-e13. doi: 10.1136/amiajnl-2013-
001684