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Our speed of communication has improved dramatically and I can ensure important messages are displayed across both buildings on the site almost instantaneously. It means that we can have our briefings by data conferencing, which adds to the flow of inteligence.
James Henrey, CEO

Calculating the ROI on technology in software development

At a time when every business’s budget has been tightened you could be excused for being reluctant to invest in new communication technology such as video conferencing suites or SMART Boards. However, the benefits to every industry – but especially to software development companies – are tangible, and they can be achieved through the return on investment you’ll quickly see. But how can you calculate the ROI on technology in software development – and where are you most likely to see the benefits? We hope this guide will help.

Calculating the ROI on technology in software developmentInvesting in technology can be initially expensive and it may not be immediately obvious how and where the savings will be made. The biggest expense you’ll be able to reduce is travel. To begin calculating the possible ROI of purchasing, for example, video conferencing equipment and an interactive white board think about how often you’ll be able to avoid travelling by holding your meetings remotely instead.

As well as reducing the need to travel between offices, using software such as SMART Bridgit or LifeSize Connections, combined with the equipment you’ve purchased, you can roll out video and data sharing to people outside your business, over the internet. This means that you can hold remote meetings with suppliers, experts and customers, further reducing the need for travel.

And because your staff can access both your SMART session and a video conference using their own laptop, computer or iPad you can introduce more flexible working conditions through letting staff work from home more often – reducing their own personal travel expenses and improving their overall work-life balance. Alternatively, if you find staff need regular access to SMART tools it might be worth investing in some SMART Podium devices – these are mobile SMART Boards with all the features of the bigger versions but in a smaller, portable unit.

As well gaining return on investment through reduced travel expenses your staff will also be more productive, because they will no longer be wasting time travelling to meetings or into the office. How many more projects could you complete each year with all the time you’d gain through using remote communication technology? Work that out and you’ll be closer to calculating the real ROI on using technology in software development.

If you’re interested in finding out more about introducing remote communication technologies into your business, why not call us today and speak to one of our experts? We can advise talk you on the products that are most suitable for your circumstances, and can even arrange a free, no obligation demonstration. Call us now on 0118 336 0010 or fill in the form on the left to request a callback.

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