Go-to-market speed is critical to remaining competitive and relevant to customers, which is why an objective, unbiased and expert-led technology assessment can be the most important decision you’ll make to ensure you address technology gaps holding back your growth – from architecture scalability to product lifecycle to cloud strategy to new technology investment. It gives you a comprehensive summary of actionable next steps to produce more successful results and achieve your revenue goals.
Why is a Business Technology Assessment Important?
Conducting a technology assessment is an investment that businesses make to strategically evaluate core technologies, products, intellectual property, and more. If you’re looking to build confidence in your go-to-market plan, improve decision-making, achieve aggressive growth goals or obtain technical due diligence for investment or acquisition, there are a number of benefits to an independent report from Ten Mile Square’s experts.
- Fuel company growth: A strategic product plan ensures your technology is ready to scale to keep pace with your growth goals, avoid costly mistakes, and maintain high levels of customer satisfaction.
- Control costs: Total cost of ownership (TCO) for cloud-based or cloud-native applications are typically driven by product development. Our technology assessment gap analysis uncovers key ways to ensure the desired state is cost-effective and profitable.
- Mitigate risks: Our team clearly identifies and documents your risks including indicating the level of importance and recommending prioritized, actionable steps to take to mitigate or eliminate risks.
- Objective product life cycle reporting: We evaluate what is working and what needs to be improved with an external, unbiased perspective as part of the technology assessment.
- Foster continuous improvement culture: Our reports provide specific action items to optimize operational processes within teams and cross-functionally so they become ingrained as a part of your culture.
- Identify security issues: While most tech firms rarely request an assessment of security issues, our expert team always identifies potential security deficits when found and includes them in our report.
Our 5-Step Technical Assessment Approach
The assessment begins with an information request to provide a comprehensive set of documentation from key areas of the business. After successfully working on hundreds of assessments, we’ve seen this background is key for our team to gain a full understanding of your business goals, product goals, and current technology state. If any documentation isn’t available or current, the topic can be addressed in the in-depth interviews. Documentation requests may include:
During this phase, we’ll conduct a series of in-depth interviews with key stakeholders in leadership, decision makers, product management and development, and customer support to hear about their prioritized business and product goals, operations, and product delivery. We review key documentation with stakeholder teams during open Q&A sessions. A typical 2-3 day interview schedule will include topics such as:
2. Define Problem Statement
3. Gap Analysis
4. Key Findings & Recommendations
5. Report & Briefing
In this final step, you’ll receive a comprehensive report that can be used by management and decision-makers to implement the plan. We conduct a live debriefing meeting with all key stakeholders to explain the key insights, review recommendations, answer questions and discuss how the organization plans to make decisions to implement the recommendations moving forward. The report is finalized after the meeting to incorporate final input and implementation plan details. Schedule a discovery call today >
Ten Mile Square expert-led technology assessments can also transition into helping our clients implement recommendations in a number of areas, including architecture scalability issues, digital transformation, product management, cybersecurity, and strategic innovation.
What Should I Expect During a Technology Assessment?
When Ten Mile Square works with technology organizations, we take a collaborative approach so the key stakeholders and management should be prepared to work transparently and trust sharing the true state of the business. To conduct a comprehensive assessment, Ten Mile Square needs to deeply understand your business goals and the current state of your technology. During the documentation and discovery phases, you can expect that our team of experts will ask a lot of probing questions about the documents and artifacts. We’re interested in your customer acquisition and retention model. We’ll also deep dive into understanding your capacity to invest in your future infrastructure growth.
The Most Common Findings in Our Technology Assessment Reports
Scaled B2B Fintech SaaS Company from $30M to $100M
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