Investment is a key element in every growing company. Organizations tend to invest in solutions that can help them address specific business issues; so, when they need to improve their sales activities, they evaluate and eventually invest in specific tools, when they need to update their products or services, they invest on R&D, etc.
But what happens when we talk about technology to support your Information Strategy?
We all know the importance of having a strategy for managing information and a key element of this strategy is having the right tools and technologies in place. Even if we’ve all heard of organizations who invested in technologies that couldn’t live up to the hype in the long run, this shouldn’t be a deterrent for continuing to look for the right solution. Here are the Top 3 Reasons Why companies should invest in Reliable Information Strategy Tools.
1. With the proper Information Strategy Tool, any information can be processed.
A lot of companies want to treat every piece of information the same. When they realize that most of their information is unstructured, they might be discouraged because there are many solutions that build huge expectations and often fail to deliver. An information strategy tool based on the Cogito technology can easily read and understand structured and even unstructured data thanks to its unique ability to mimic the human way of comprehending content while taking into account its context. This allows Cogito to extract and provide only the relevant information users are looking for, showing a level of precision often unavailable with other solutions.
2. The right Information Strategy Tool can reduce costs and risks.
As a company grows, the quantity and complexity of its information grows in turn. In this context, setting up a proper Information Management Strategy is fundamental. Today, most every organization is dealing with a mass of data that is almost impossible to manage manually, first because the expenses would be prohibitive, and the risk of mistakes could cost even more. This is especially so if you consider the regulations with which we must be compliant, like the recent GDPR.
By implementing an Information Strategy Tool based on Cogito’s technology, organizations can reduce the time they spend on analyzing information from hours to seconds, while ensuring that every document is processed with the same accuracy of the most efficient human expert, but with the risk of mistakes practically reduced to 0.
3. Information Strategy Tools can make organizations more competitive and productive.
Without a proper information management strategy, and without a reliable Information Strategy Tool, the useful data within an organization could be lost or stay hidden. This might have a negative impact also on the decisions that top managers must make, because they are not given the clear and full picture of the situations they must face every day.
An Information Strategy Tool based on Cogito’s technology can boost an organization’s ability to analyze and retrieve every piece of relevant information, providing decision makers the insights they need when they need it most, improving business processes and even collaboration between departments. This is thanks to the fact that Cogito is an out of the box solution, which means that it can be adapted to your pre-existing processes without altering them, because it can be customized from your requirements, giving you also the chance to easily tune it while already exploiting the full power of its AI.
FAQs
The technology sector is benefiting from a number of long-term tailwinds, including the continued growth of the global economy, the proliferation of mobile devices, and the rise of artificial intelligence. These trends are expected to continue for many years to come, providing a strong tailwind for tech stocks.
Why should I invest in information technology? ›
The technology sector is benefiting from a number of long-term tailwinds, including the continued growth of the global economy, the proliferation of mobile devices, and the rise of artificial intelligence. These trends are expected to continue for many years to come, providing a strong tailwind for tech stocks.
Why is information strategy important? ›
The Information Strategy carries the strategic vision and mission of the organizations at the core and hence becomes one of the important means that helps to realize the defined business objectives. Organizations define their strategic vision to describe where the organization would head in the future.
What are the benefits of strategic investments? ›
Strategic investments, therefore, offer much more than just financial gain. They can bolster your competitive position, enhance your brand's value, and contribute to sustainable growth. A well-crafted strategic investment plan can serve as a powerful tool for propelling your business toward greater success.
What is investment in information technology? ›
ICT investment is defined as the acquisition of equipment and computer software that is used in production for more than one year. ICT has three components: information technology equipment (computers and related hardware); communications equipment; and software.
What are the objectives of information strategy? ›
The primary objective of this strategy is to explicitly acknowledge the value of information, the importance of managing that information at an enterprise level, and the benefits of treating information as a strategic communal resource.
What are the advantages of information management strategy? ›
An important function of information management is to reduce the risk of legal and financial punishments against the organization. It achieves this with a well-defined protocol for recording, storing, disseminating and destroying data. This reduces the chance of breaches and improves compliance with regulations.
What is the information strategy? ›
Information Strategy refers to a long-term plan designed to achieve the organization's objectives in the management of knowledge, information or data. Information Strategy is one of the outcomes of strategic management, and it is an integral part of the strategy of the organization.
What are 3 benefits of strategy? ›
The benefits of using strategy management include improved decision making, increased efficiency, better coordination between departments, and improved alignment with organizational goals. It can also help organizations to anticipate market trends and respond quickly to changing conditions.
What are the three benefits of strategic planning? ›
5 advantages of strategic planning
- 1- Proactive and not reactive organizations. ...
- 2- Establish a sense of direction. ...
- 3- Increased operational efficiency. ...
- 4- Increase market share and profitability. ...
- 5- Increased business durability. ...
- 1- Application difficulties. ...
- 2- Time-consuming process.
Six Benefits Plateaued Entrepreneurs Can Realize From Strategic Planning
- It helps you focus.
- It allows you to establish (and stick to) priorities.
- It allows you to divide and conquer.
- It helps you create building blocks for the future.
- It allows you to measure what matters.
- It fosters accountability.
Meaning of strategic investment in English
investment by a company that is intended to make it more successful over time, for example investment in a new business that offers new markets or that is developing new products: We see this acquisition as a strategic investment.
What is an example of a strategic investment? ›
Strategic investment deals are structured as a common or preferred share financing from a company (for example, Cisco, Intel, Google) investing in startup companies developing technologies complementary to their businesses.
