You have a technology asset valuation model and must decide if you insource or outsource your technology. This requires balancing cost, risk, and capabilities.

Start by asking yourself these three questions.

1. Does your team have the expertise to handle it in-house?

2. How rapidly is technology evolving and can you keep up with the changes?

➢ Rapidly evolving technology requires significant investment in tools and training.

3. Will the investment in insourcing keep up with critical capabilities and reduce risk enough to justify the expense or does outsourcing provide better capabilities and scalability?

This decision isn’t static. Regularly revisit it to ensure you make the best choice for your evolving business needs. As technology evolves, so should your approach. What works today may not work tomorrow. Focus on reducing risks, staying current, and ensuring cost efficiency. The key is to focus on your business priorities while allowing flexibility as needs change.

If you need help getting started, contact RKCManagementConsulting@gmail.com for more

information.