• Cause of consultation

Technology Evaluation

The best technologies for the specific needs are evaluated, taking into account the corporate culture and corporate goals.

Procedure for Technology Evaluation

1. Requirements Analysis

The requirements that the new technology should fulfil are clearly defined. This is done on the basis of analysing the business objectives, process requirements, user requirements and technical requirements.

2. Market Research

Various technologies and providers available on the market are identified and an overview matrix is created.

3. Technology Screening

The identified technologies are evaluated on the basis of the requirements analysis and market research, with the aim of defining a smaller selection of technologies for a more in-depth evaluation.

4. Detailed Technology Assessment

The selected technologies are evaluated in depth on the basis of defined criteria.
These defined criteria include, among other things

  • technical features
  • user-friendliness
  • interoperability
  • scalability
  • security features
  • support
  • price

5. Proof of Concept (PoC) or Pilot Project

The selected technology is tested in a controlled environment with the aim of evaluating its performance and suitability for the company’s real-life conditions.

6. Evaluation of the Results

The results of the PoC are analysed and evaluated in order to decide whether the technology meets the company’s requirements.

7. Decision Making

Based on the analysis and evaluation, a decision is made as to which technology will be implemented.

Here you will find a detailed description of the individual process steps:

The evaluation of technology usually begins with a thorough requirements analysis. This process defines the specific requirements that the new technology must fulfil. This step is crucial to ensure that the implemented technology meets the specific needs and goals of the organisation.

An important aspect of requirements analysis is analysing the business objectives. By understanding the organisation’s short and long-term goals, one can determine what features and capabilities the new technology must have to support these goals.

Process requirements are also an essential part of the requirements analysis. This involves understanding the current processes and workflows in the organisation and identifying how the new technology can support or improve these processes.

Consideration of user requirements is also crucial. This could include understanding end-user needs and preferences to ensure the new technology is user-friendly and suitable for the tasks they need to perform.

Finally, technical requirements are also an important aspect of the requirements analysis. This involves the technical specifications that the new technology must fulfil, such as compatibility with existing systems, security standards, performance and scalability.

Once the requirements for the new technology have been clearly defined, the market research phase follows. The aim here is to identify the various available technologies and providers on the market that potentially fulfil the defined requirements.

Market research involves a thorough and systematic investigation of the technology market. This involves researching and evaluating a variety of technologies and providers in order to gain a comprehensive understanding of the available options. Various sources of information can be used, such as technical data sheets, product evaluations, customer feedback, expert opinions and industry-specific reports.

To organise and present the results of the market research effectively, it is helpful to create an overview matrix. This matrix can list the different technologies and vendors along with their respective strengths, weaknesses, features and costs. It can also contain information on how well each technology or provider matches the defined requirements.

Creating such an overview matrix allows decision makers to easily compare the available options and make an informed decision on the most suitable technology or provider.

Overall, market research is a critical step in the technology evaluation process. It ensures that the organisation makes an informed decision based on a thorough understanding of the available technologies and vendors.

Once comprehensive market research has been conducted and a large number of potential technologies and providers have been identified, technology screening follows. This is a crucial step in the technology evaluation process, which aims to reduce the list of possible options to a smaller selection of technologies that can be considered for deeper evaluation.

Technology screening involves evaluating the identified technologies based on the criteria defined in the requirements analysis. In this process, the various technologies and providers are analysed to determine the extent to which they meet the company’s specific requirements and objectives. This may include, for example, an assessment of technical capabilities, scalability, compatibility with existing systems, price-performance ratio and other relevant factors.

The main purpose of technology screening is to reduce the number of potential technologies to a manageable number. By focussing on the most promising options, this approach enables an efficient and targeted in-depth evaluation in the next step.

The initial filtering through technology screening is followed by a detailed technology assessment. In this step, a comprehensive and in-depth evaluation of the selected technologies is carried out based on predefined criteria. This process makes it possible to identify the most suitable technologies that best meet the company’s specific needs and objectives.

The evaluation criteria can cover a variety of aspects, depending on the specific requirements of the organisation. These include technical features, such as the specific functions and capabilities of the technology, its performance and reliability.

Ease of use is another important aspect that takes into account the ease of use and the user learning curve. Interoperability, i.e. the ability of the technology to interact with other systems in the organisation, is also a critical factor.

Other important criteria include scalability, which evaluates the technology’s ability to keep pace with the company’s growth, and security features, which ensure that the technology meets the highest security standards and protects the company’s data and processes.

In addition, support options, such as the availability of customer service, technical support and training resources, as well as price, including acquisition, implementation and maintenance costs, should also be considered.

The detailed evaluation of the selected technologies is often followed by a proof of concept (PoC) or pilot project. This is a crucial step in the technology evaluation process where the favoured technology is tested in a controlled environment. The aim of this step is to assess the performance and suitability of the technology for the organisation’s real-world conditions and requirements.

A PoC or pilot project allows the organisation to verify the functionality and performance of the selected technology before a full implementation takes place. This involves testing the technology under conditions that are as close as possible to the actual operating conditions. This allows potential problems or challenges to be identified and addressed before the technology is fully implemented.

In addition to the technical evaluation, a PoC or pilot project also provides the opportunity to gather end-user feedback. This can provide valuable insights into the usability and acceptance of the technology and indicate potential training or support needs.

Once the proof of concept (PoC) or pilot project has been carried out, the results are evaluated. This step is essential in order to draw well-founded conclusions about the suitability and performance of the selected technology and to make a final decision about its implementation.

The evaluation of the results includes the detailed analysis and interpretation of the data and experience gathered during the PoC or pilot project. This includes assessing the extent to which the technology fulfils the requirements and delivers the expected benefits. In addition, the performance of the technology under real-life conditions is assessed, including its reliability, scalability and user-friendliness. Feedback from end users is also included in the assessment, which provides information on user acceptance and potential training needs.

Based on this evaluation, an informed decision can be made as to whether the technology fulfils the company’s requirements and whether it should be implemented. If the technology does not meet expectations, this may prompt a new market analysis or adaptation of the requirements.

The final phase of technology evaluation is decision-making. This is the moment when, based on the collected data and findings from the previous analysis and evaluation, an informed decision is made about which technology to implement.

The decision-making process takes into account all relevant factors identified throughout the evaluation process, including technical aspects, usability, costs and the results of the proof of concept or pilot project. It takes into account the needs and objectives of the organisation as well as the requirements and expectations of the end users.

It is important to emphasise that the decision-making process is not only based on the performance or characteristics of the technology itself. It also evaluates the technology provider’s ability to meet future needs, including support, maintenance, updates and further development of the technology.

Ultimately, the goal of decision making is to identify the technology that offers the most value to the organisation and best contributes to achieving strategic goals. This process requires careful consideration and analysis and should be conducted by a team of stakeholders to ensure a broad perspective and unity in the final decision.

Further Information

THE MAK’ED TEAM has a wealth of experience in the successful implementation of digitalisation projects. Below you will find further information on the approach to digitalisation in the various areas of the company, project examples, case studies and more:

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