Tech DD Myth Busters # 5
Tech DD only brings the Bad News.
The biggest surprise I have found investor partners/managers get during our initial call for Tech DD is the possibility of positive outcomes post DD. Often investor partners/managers agree to me in a low voice, “You know what Preeti, No one really likes to know the Bad News much!”.
I get it.
With 6 out of 10 investments doing mediocre or completely failing to match the ROI expectations, the investment world is set to Bad News by default. And when it comes to topics like Audits - may it be security audit, financial audit or technical audit, we often assume it to bring some bad news about non-compliance, deficit and falling short on something, which may result in a big blow.
But Tech DD is not only about identifying Risks about platform, technology or security. It goes much beyond that; towards the positive notes as well.
Here are some of the great #positive outcomes you may see after #TechDD exercise;
- Identifying hidden potential of small innovations happening in the organisation, that can be leveraged
- Potential of the technology/product to convert into a platform that can be scaled higher
- Potential of offering some part of the technology/product as a third-party-service, as a new revenue stream
- Potential of new IPR development in the existing platform / product
These new findings can help the entity to identify new opportunities, opportunities to optimise current skillset, increase its valuation and help to pivot with higher scalability - to set it for success.
The question is, “Are you ready to identify new avenues to turn the company into a roaring success?”