Technology moves fast. Businesses are used to adapting to new technological trends to expand their reach and capability, but the pace of change we are experiencing at the moment is unprecedented.
Understanding which technologies will offer the most significant return on investment will become crucial to maintaining a competitive advantage in the coming years, and that’s no mean feat given the vast array of services on offer and the number of ways in which they can succeed or fail.Somewhat paradoxically, technology itself could provide CTOs with some much-needed guidance on where to make strategic investments.
As an example, let’s consider the role of a CTO at a government agency or asset management company overseeing the development of new projects. The U.S. recently unveiled the Infrastructure Investment and Jobs Act , a national project dedicating $1.2 trillion to the repair and overhaul of critical assets such as roads, bridges, ports, water systems and more.