FlexiSphere VeTT™ (Virtual e Technology Team)
According to MIT Sloan Management Review:
“…firms with above average IT savvy and spending have margins 20% higher than industry average. In contrast, firms with less than average IT spending and savvy have margins 32% lower than the industry average…”
The FlexiSphere VeTT Advantage: Cost efficient technological savvy.
- Makes innovation real
- Raises the ROI of IT
- Expands business impact
What companies should contemplate is a demonstrated cost efficient resource that satisfies the unique organizational needs. That resource is the FlexiSphere Virtual eTechnology Team (VeTT). The VeTT is an executive led department whose job is to fulfill the organization’s senior technology and business integration roles. The team is responsible for overseeing current technology assets, collaborating with senior management on setting strategy, enabling flexibility and change, and solving business problems not just IT problems.
Further, the FlexiSphere VeTT infuses the company with synergy and fresh ideas gaining a competitive advantage in the rapidly changing environment of global business by partnering with business development initiatives. Although a company may have made great strides in addressing functional and tactical IT concerns, the VeTT team leverages these developments transforming a companie's technology into a strategic business asset. Not effectively leveraging full technological capabilities and strategy can be detrimental, strategically and monetarily, as evidenced by the MIT study.
The Virtual e Technology Team provides valuable resources before, during and after any technology project through the strategic formation of enterprise vision. A company may utilize FlexiSphere’s exceptional experience building and managing global trading environments as well as developing and monetizing information and data assets. For instance, before a project is even initiated, the VeTT works with the company to evaluate:
- the strategic goals of the organization and how technology drives business value
- the long-term technology planning of the organization
- insight into solutions or technologies used in other industries that could provide advantages to the organization
- performing needs assessment and documenting requirements
- business requirements of sales and marketing building distinctive competitive synergies
- Much more.
Once an organization enters into the project execution phase, whether that is managing an outside technology vendor or preliminary discussions, the VeTT would assist you in evaluating the different technology options, understand the intricacies involved in each solution, and be able to ascertain whether the solution being proposed best fulfills your needs... not to mention perform the necessary due diligence while the project is in progress. Additionally, where appropriate FlexiSphere, is armed with full execution capabilities.