Author: James Kahn, Systems Engineer, Vizioncore
As far as software goes, IT departments use many metrics to make decisions on software and hardware. Functionality, flexibility, speed and vendor stability are a few. Return On Investment (ROI) and Total Cost of Ownership (TCO) are popular financial metrics, however, they can be very difficult to measure.I’m suggesting a new benchmark that can be used when making a decision on a software solution: Time To Benefit.What is Time To Benefit? Time To Benefit measures how much time and effort is required before the business can take advantage of a new software solution. How long will it take before we can gain the benefits of this software purchase? Hours, Days, Weeks or Years? A fast time to benefit is often indicative of a good ROI; and easy to use software usually has a short Time To Benefit.For example:
And of course, what is the best way to see past the marketing to determine Time To Benefit of different software solutions? A proof of concept software installation.Thanks,JK