Tech is a challenging Industry. In some respects, it is a victim of its own success. Established enterprises are under increasing pressure to deliver product and service lines with precision and speed. As competitors meet these hypermarket needs of consumers, companies and service provider firms struggle to meet the need for upgrading.
According to a recent study by McKinsey & Co, B2B business needs modernization and expansion to maintain a competitive edge. However, the tech infrastructure that is needed to support the evolving upgrades is projected to be one of the most significant enterprise development costs.
It would be easy to relegate the upgrades to a deferred status, however, tech upgrades are in fact a significant portion of a company’s valuation. Several studies reveal that Enterprises have a cognitive knowledge that deployed Tech that enhances operation, sales, and management are not merely tools but assets. Assets by definition have value that attracts investors and transactional opportunities.
The issue that CEOs wrestle with is the Return on Investment and the vacillating metrics of valuation of the Tech assets. Although the temptation of deferred acquisition is strong, many CEOs adopt a hybrid solution. The option of floating Tech Debt in the development stage is often deployed to temper high capital development costs.
Tech Debt is the cost of the development of infrastructure and software development, which is needed by an enterprise for full implementation, but the prohibitive cost of the full implementation is deferred, and a limited infrastructure development is built and deployed, with the goal of building out the full implementation over time.
A corporate policy which adopts Tech Debt as means to create corporate value is much like the real estate management company that decides to patch a roof instead of installing a new roof. The value of the property isn’t enhanced by the patched roof because the new roof is what is needed. The patched roof might cause more internal damage due to faulty patching or new cracks in the patched-up roof.
By analogy the assumption of Tech Debt as a solution to the buildout of an enterprises’ new and needed IT infrastructure and related software development is risky and may be more costly in the long run as software compatibility and product designs present a quilt of patchwork that may have to be junked in favor of a new solution.
The market stress point that confronts CEOs is significant. The need for IT development is crucial for Enterprise operational and valuation needs. Assumption of Tech Debt is not a viable market solution.
An exciting Joint Venture in the Tech rich city of Pune, India is presenting Enterprise with a solution to Tech Debt. SKJ Juris is an experienced global outsourcing firm with extensive experience in US based legal and other allied support services. It provides litigation and cross border litigation support services in the EU and East Africa. Its world class Transactions support for US and European Tech companies has helped Startups and Energy Firms navigate global transactional finance and acquisition. Its KPO services leverage global legal expertise in reconciling manufactured industrial products’ user manuals with legal standards of workplace safety. SKJ’s KPO team works with local lawyers and workplace safety professionals in drafting site specific construction workplace safety manuals. Its global practice group provides real estate firms and large international enterprises with large and complicated real estate portfolios with lease abstraction, lease analysis and regulatory compliance analysis.
SKJ network of international business professionals and lawyers and its constant collaboration within the network’s Business Development goals identified a stark market need for Enterprises in developing asset-based IT with both functionality tools across the varied operations and positive valuation gains. These positive features crash up against time consuming and cash consuming development barriers, which often causes companies to assume high risk Tech Debt. In the true problem solving DNA that is the essence of SKJ, it developed a distinguished, world class Global Capability Center (GCC). The highly enhanced GCC to enable companies to leverage the international date line to enhance the delivery and cost of IT development projects in the university rich, tech rich, lawyer rich, business development rich city of Pune, India.
The avant-garde Center is complimented by the Strategic Partnership with CFT Consulting. Nestled in an exciting 24/7 work environment, its dedicated staffing capabilities on a global basis presents companies with the right solutions that will enable the development of the IT projects that will enhance operations, sales and build added value.
Businesses, no matter their size, can identify a clear development picture from the Partnerships ERP Platform. The GCC will anchor the combined expertise to either audit or develop ERP System. Their pros will help companies choose the right ERP system that will provide the support for the value-added IT project.
The unique offering of the GCC Partnership is the organic nature of growth it provides for companies. There is no one size fits all solution. Companies that have developed IT departments will gain cost-effective productivity with SKJ’s Global Capability Center. The attractive offering allows a company to gain between an extra 10.5 and 24 hours a day of productivity. SKJ works with the companies to identify the scope of development and maintenance work that the company needs to deploy to meet its IT goal. SKJ will recruit, hire, and place the talent in the designated company branded office space. SKJ HR outsourcing services in collaboration with CFT will manage and operate the corporate policies generated from HQ.
The most exhilarating aspect of the GCC is that companies that do not have a dedicated IT Team are now in a position to develop tech projects without incurring Tech Debt. SKJ’s will seamlessly build an IT team for enterprises in need of developing, building and maintaining IT projects, free from Tech Debt.
The standout feature of SKJ’s Strategic Partnership offerings is rooted in its seamless and gradual buildouts across the International Date Line with a view to save the cost at the same time hire quality talent for higher productivity. With rich experience in Immigration & Visa support services, SKJ Juris offers global buildouts which is a game changer. Its GCC suite of products and services include the ease of talent traveling between the GCC facility in India and home offices in Europe and North America.
Tech assets are crucial for product/service line production and asset valuation. NGOs are able to increase its donor base which enhances the delivery of its ethical and charitable charge with dynamic tech asset development. Small and Medium size businesses are able to survive, compete and thrive by developing and deploying eclectic tech. Large enterprises can’t afford to book Tech Debt as a growth policy.
Huge market needs and SKJ Juris has developed the solution that will push tech debt off the books and meet the market need.
