enquire now

 

With technology moving so fast, one can be easily overwhelmed with how best to utilise it to its maximum potential.

For the 11th episode of 11th Talks, we’re featuring two very special guests, Jun and Jackson, who are members of 11th Space and co-founders of the up-and-coming tech startup Kinetics. Kinetics is a free platform built to help businesses manage their people, processes, and technology. Jun and Jackson both shared their insights, derived from their more than a decade’s worth of experience in the field, to 11th Talks participants.

Click the link to watch the full video recording or read the following article on some insights they shared with the participants.

Why is it important to “tame your tech stack”?
Taming your tech stack greatly helps with business efficiency. First, it decreases waste by increasing your technology’s ROI and utilisation rate by maximising its use. For growing businesses, this is important because technology scaling (or how a tech solution grows along with your customer base) may hinder growth in the future if IT management is done poorly.

Second, managing your IT can help your team’s productivity. Having too many technologies in place can be confusing and having too many platforms can result in inefficiencies or miscommunication.

Lastly, having a good IT architecture can also have some financial benefits. It allows you to identify technology investments that aren’t necessary, meaning you can cut down on these expenditures. Also, choosing the right technology reduces your need to spend extra on customisations.

How do you manage your IT architecture?
To begin taming your tech stack, you need to map out your business capabilities and identify functions within each capability.

From there, you can map out specific processes and align these with the current technologies you have in place. Going further into detail with your current practices, you can identify pain points and areas which could be streamlined.

Lastly, you need to analyse if the technologies you’re using are a functional fit for that capability. Technology functional fit can be met with obtaining new technology, removing legacy technology, or enhancing existing technology.

Should you subscribe or should you create your own solutions?
The answer is: it depends. For small to medium enterprises, it’s unlikely that you’ll ever need to create your own technology because the main benefit is enterprise-level scalability or custom/unique functions. Creating one’s own solution is mainly used by bigger enterprises with largely unique technology requirements and competitive environments where tech. is required to differentiate.

Sign up to our newsletter to be the first to hear about our next 11th Talks events and to receive more insights on entrepreneurship and start-ups!

sign up for our newsletter

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound