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Technological obsolescence, your opportunity to reinvent yourself

by adminJune 7, 2020March 8, 20210527
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For a long time and after the industrial revolution, companies made very large investments to buy equipment and machinery which lasted more than 50 years and that guaranteed the operation of the company and the quality of the product for years.

However, the current reality is totally different, technological changes have become exponential due to globalization, the internet and the extreme competition that exists and therefore, obsolescence has become a common problem for many companies that day by day seek fight for its permanence in the market.

This is why businesses have also had to adapt to these new consumer habits, who now have access to global information, fast and at the time they want it. The offers have evolved to Netflix-type subscription models and “on demand” platforms such as Uber.

This has caused the client to be less and less willing to spend to buy 100% of an asset when they know that both depreciation and technological evolution will make their asset worth less in a very short time. A study carried out by Cisco and IMD Digital indicates that ” in the next five years digital disruption will displace now existing technologies by 40% “ , and then what can I do? What alternative is there? Will I be able to survive in such a global context?

Yes, and the solution is: digitize your company. But what is digitizing my business and how can this help me?

According to Cisco, digitization is the evolution of technology, one that will allow companies and / or organizations to have a differentiator from their competition, so they can obtain quick and easy solutions to implement, reduce costs, and strengthen their security. On a practical level, how do I apply it? With flexible plans, subscription per user, with fixed monthly payments focused on CAPEX and not on OPEX, so your company could overcome obsolescence and be at the forefront to continue competing and adding value.

For this reason, many of the technology providers have evolved with the aim of being able to offer the most advanced and modern solutions in the world, always updated in flexible, monthly and cheaper schemes for the client.

You probably think that becoming part of the digital age and digitizing your company is something that is only available to large companies and corporations, but it is not like that, today there are companies that have evolved and this has allowed them to become leaders in their market. At the same time and at the opposite extreme, there are companies that have been left behind and have become victims of the digital divide. A very common example is that of Kodak, whose fate ended in bankruptcy by failing to adapt to digitization and new practices. That said and having the opportunity to make a decision, you, what type of company do you want to be? Digitizing you can be just a call away to the right provider.

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