Bringing on new tech: Why strategy is the real game-changer

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Ah, technology—a shiny, irresistible lure. It promises efficiency, speed, and innovation. Every business wants it, and who wouldn’t? The fear of being left behind can make us jump at every new tool, app, or platform that catches our eye – especially if we see others that we know doing just that!

But here’s the thing: more tech doesn’t always mean better results. In fact, without the right approach, it can cause more headaches than it’s worth.

Let’s talk about why it’s so important to take a strategic approach when bringing new technology into your business—and how to avoid the classic trap of “too much tech, too little sense.”

Tech for the sake of it: The shiny new toy!

You know how it goes. A new platform, tool or tech is released, and the buzz is deafening. “This will transform your business!” “You can’t be a success without it!” So, you sign up, roll it out, and… nothing changes. Or worse, things get even more difficult.

With the right approach, technology won’t just be a tool—it’ll be the engine that drives your business forward.

We see it all of the time! Businesses chase the newest tech just because they think they should, not because they need it. But signing up for new tech without a clear reason is like throwing random ingredients into a pot and hoping for the best homemade chocolate cake (my favourite).

Case in point: When tech goes tragic!

Let’s look at a ‘non’ Financial services’ example. A mid-sized retail company went on a new tech mission. They wanted to modernise everything—customer relationships, inventory management, online sales. So, they got it all: a fancy CRM system, a separate inventory tracker, an e-commerce platform, and even a shiny app for customer feedback. Sounds great, right?

Except none of it worked together.

Customer data was scattered across multiple platforms, leaving the sales team scrambling to piece together basic information. Employees spent hours learning to navigate different systems instead of focusing on customers. And when a customer complained, resolving their issue was like untangling a ball of yarn—long, tedious, and frustrating.

Instead of making life easier, all that shiny new tech became a massive headache. And worse? The costs piled up—training, maintenance, licences—and the promised efficiency never arrived.

Sound familiar? I bet it does. If this hasn’t been you – I bet that you know a business that has experienced exactly this!

Why strategy matters: A smarter way to adopt tech

The lesson here is simple: don’t dive in without a plan. Technology is a tool, not a magic wand. If you want it to work, it must fit into your broader business goals. Here’s how you can make sure your tech decisions are smart, strategic, and actually worth it.

  1. Know what problem you’re solving

Start by asking yourself: what’s the problem? Are you trying to save time, reduce errors, or improve customer/client experiences? Get specific about your goals. If a piece of tech doesn’t clearly support those goals, it’s probably not the right fit.

  1. Make sure it all talks!

Here’s a golden rule: your tech tools need to talk to each other. Disjointed systems are a nightmare—they create inefficiencies, confusion, and extra work. Look for platforms that integrate smoothly with what you already use. Seamless data flow is the dream.

  1. Measure the value

If you can’t measure what a tool is doing for you, how do you know it’s working? Before you roll out any new tech, decide how you’ll track its success. Are you looking for faster turnaround times? Better customer feedback? Whatever it is, make sure you’ve got the numbers to prove the value.

  1. Think long-term

Business needs change, and your technology should be able to keep up. No quick fixes please! Choose systems that can scale as you grow or adapt if you pivot. Don’t get locked into something that’ll feel outdated or restrictive in a year.

  1. Involve your team

It’s not just about picking the right tools—it’s about making sure your people are on board. Involve your team in the decision-making and in the implementation process. After all, they’re the ones using the tools day-to-day. And don’t go cheap on training—new tools are only effective if people actually know how to use them.

Too much tech vs. smart tech

The problem with the retail business example we used was that they went wide instead of deep. They grabbed as much tech as they could without thinking about integration, strategy, or value.

Now, let’s look at a company that got it right: They had a clear goal—streamline their delivery operations. Instead of cobbling together separate tools, they invested in one all-in-one logistics platform. It handled scheduling, tracking, and customer communication in one place.

The result?

  • Delivery times improved by 30%.
  • Customers raved about real-time updates.
  • Employees spent less time juggling systems and more time getting things done.

The difference was clear: they chose the tech that aligned with their goals, integrated seamlessly, and delivered measurable value.

Key Takeaways: How to Get It Right

  1. Be clear about what you are trying to achieve
    Don’t adopt tech just because it’s trendy. Ask yourself what you’re trying to achieve and let that guide your decisions.
  2. Prioritise integration
    Tools that don’t work together create chaos. Look for systems that simplify, not complicate.
  3. Focus on results
    What’s the ROI? Make sure you’re tracking how the tech is actually helping your business.
  4. Think big picture
    Choose solutions that grow with you and adapt to your needs over time.
  5. Empower and engage with your team
    Involve your employees early on and give them the training they need to use the tech effectively.

The Bottom Line

Technology can be a game-changer, but only if it’s the right technology for your business. It’s not about having the most tools or the fanciest systems—it’s about aligning your tech with your strategy and focusing on what adds real, measurable value.

So, before you jump on the next tech bandwagon, take a step back. Think about what you really need, what fits into your big picture, and what will truly make a difference. With the right approach, technology won’t just be a tool—it’ll be the engine that drives your business forward.

 

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About Author

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Michelle Hoskin, Founder Standards International and Co-Founder, The Business and Operations Management Network. We believe everyone has the power to realise their extraordinary potential. “Standards International is the powerhouse behind professionalism and operational excellence in financial services. We set the standards, we live the standards, we are the standards!” That’s us in a nutshell! We support the development of financial adviser business owners, their business partners, practice and business managers, and support teams in all areas of personal and business development. We have some super-exciting developments under way and it gives me such a buzz when I sit for a moment and realise what an impact all of this could have on our magical profession! Please be sure to keep in touch with us via social media, use our contact form or email us on enquiries@standardsinternational.co.uk to say “Hi”.

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