What is Tech Advisory & why it's essential to overcome competition ?
First of all, where does the term Tech Advisory comes from?
The digital transformation era has brought an unimaginable amount of advisory services forward due to its rapid evolution and growing presence across all sectors, from tech-specific services to public services such as banking operations, and even in industries previously considered non-tech, like aggriculture.
This demand has led to a global rise in consulting firms, with names such as Accenture, Deloitte, and McKinsey becoming well-known and leading the initial phase of consulting transformation.
Although ideal for the early stages, these firms provided a level of service primarily exclusive to major corporations, excluding many smaller players and non-funded startups. As a result, it became increasingly difficult for small and medium businesses to compete as they had to face rapid and intense competition in the landscape.
Today, consulting and advisory firms face a new challenge: bringing enterprise-level specialization to smaller businesses and ensuring fair opportunities for every project.
Tech advisory services focus on providing tailored, actionable advice to help businesses navigate these complex tech challenges.
Bridging the gap between strictly technical knowledge and business has always been a significant challenge in the IT sector, a challenge that continuously generate misalignment and mistakes, ending in suboptimal results for both customers and developers
What is Tech Advisory & Why It's Essential to Overcome Competition?
In an easy way we can say that Tech Advisory is a term that refers to advisory services focused on technology, but in its own reality it can be much more than that and even face a challenge of not becoming so generic that it creates an even deeper division within the sector
Tech advisory is at its core the capacity to absorb either technical or customer originated information and transform it into actionable objectives that are easily understandable for both of them, by leveraging specialized knowledge and skills on both ends and great communication capability.
The implementation goes through a myriad of patterns to enable the creation of knowledge that is usable by all ends.
Some key methods, which we use at Onesight, to implement tech advisory are:
- Design Thinking
- Blueprinting
- Framework-based consulting
- Agile methodologies
- IT Governance
- Analytics
- Market exploration
- Risk assessment
- Risk management
And more!
How tech advisory benefits smaller businesses?
Tech advisory primarily offers cost-centric solutions and optimization-targeted results. Whilist leveraging risk scenarios, it proposes a direct path to planning for budgets and setting result expectations. It defines clearly what is possible at different levels of certainty, and offers actionable strategies with tangible results.
As a general outcome: Tech advisory reduces your IT cost, risk and issues by increasing the quality of results and aligning expectations.
We'll be covering each method in detail in upcoming posts and explain how to apply each strategy in your company.
What if I need instant results?
Curious about how Tech Advisory can help you reduce costs, increase results and optimize process ?
Reach out to us now for a free initial analysis, we'll be scheduling a 30m advisory assessment call and provide initial actionable insights.