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In June of 2020, the IT Ally Institute published its first book by its founder, Michael Fillios called, Tech Debt 2.0®, How to Future Proof Your Small Business and Improve your Tech Bottom Line. In his book, Fillios provides a contemporary definition of the original term technical debt, which considers that likelihood that Tech Debt is accruing in your institution and it is not showing up in your monthly financials but could be impacting the ability to serve your members with the experiences that they expect. As part of our ongoing research and thought leadership agenda, we have also created the industry’s first diagnostics to evaluate an organizations effectiveness at managing their technology investments. Below is an overview of our Tech Debt 2.0® and Tech Equity Diagnostics to help you learn more and to and to find out if your company rating is Excellent, Good, Fair or Poor.
In a timely follow up to the concepts and strategies revealed in his first book, Tech Debt 2.0, Michael C. Fillios delivers his next installment of expert, tech-savvy business guidance, with Tech Equity. Writing from the perspective of small and medium-sized businesses (SMBs), and with the devastating effects of the global pandemic in mind, Fillios explains why now, more than ever, it is critical to shift from the defensive maintenance of technical debt, go on offense, and lead the charge toward building Tech Equity.
Conceptually viewed as an asset, Tech Equity comprises key components of a company’s technology portfolio. SMBs that invest in building Tech Equity are better positioned to navigate crises, take advantage of opportunities, and outperform the competition. This not only translates to higher returns and a more appealing balance sheet, but yields greater talent retention, a heightened focus on the customer experience, and a better understanding of the company itself.
Tech Equity, How to Future Ready Your Small Business and Outperform Your Competition, guides SMBs through the complexities of Tech Equity by delving into the topics of data and analytics, customer focus, digital culture, security, and more. Fillios draws on more than 25 years of experience in business, finance, and IT leadership and includes multiple real-world case studies demonstrating Tech Equity in action, amidst the challenges of the pandemic, as companies compete for survival and search for new opportunities. Complete with strategies and tools for building, diagnosing, and measuring Tech Equity, business leaders will find Michael Fillios’ latest publication an invaluable resource for understanding the importance of Tech Equity and its crucial role as they future ready their business.