7 Tips to Choose the Best Technology for Your Company

According to 64% of respondents, big data and analytics will give their organization the most significant competitive advantage in 2023, whereas 3% of respondents thought that Metaverse gave their business a competitive advantage. 

With so many options, selecting the ideal technology stack for your business objectives might take time and effort. Additionally, if you come from a non-technical background, making the wrong decision while selecting the tech stack could have serious repercussions. 

You must constantly ensure that the technology you utilize is up to date due to the ever-changing nature of the tech industry. 

Our founder, David, had an intelligent discussion with Kyle Bernhardy, a cloud architecture specialist with more than 20 years of experience in the IT sector, on our Amp Up podcast. He oversees EVP Engineering at HarperDB and is proficient in several computer languages.

Here, they highlight the numerous criteria used to select the tech stack, and Kyle emphasizes the value of being tech-neutral when choosing the best tech stack. Let's delve deeper into the article to learn more about Kyle's insightful observations.

The Best Tech for Your Company is Just 7 Steps Away

These 7 tips are all you need to know and implement to choose the best technology for your company:

1. Consider Your Company's Needs

Establishing your business requirements is the first and most crucial stage. Before selecting a technology, you should evaluate your current setup and identify suitable improvements. Making informed selections will help you project the solutions based on the inefficiencies in your current environment.

To realize your vision, developing a company model and dividing it into tasks is critical. Be in constant touch with your employees to determine the functions that require the most time. Utilizing technology to simplify such activities will increase your productivity and save you time overall.

2. Pick Scalable Solutions

Once you know the business requirements, it's time to opt for the available technologies. This is where you need to conduct thorough market research to identify the target audience for your technology. 

You must choose technologies that are easy to scale whenever required, especially being a start-up with a limited budget. Initially, it can take time to visualize which technology will work best for you in the future. But it's essential to go for solutions that replace manual processes and scale up your business. 

Moreover, acquiring new technology is one of the most significant financial investments you can ever make for your business. So, it's vital to make it the optimum one that guarantees a high return on investment. 

3. Find Skilled Talent

While choosing technology, it's essential to consider the technical skillset of your team to avoid making wrong decisions. Strategizing and conducting a fair assessment of skills that matches your team's skill set is necessary. This will make your decision easier before adopting the new technology. 

Cost also has a keen role to play in this particular tip. If you have knowledge of a specific technology and it meets your business requirements, then go for it without a second thought. 

We couldn't agree enough with what Kyle stated during the conversation: 

"If you have enough budget, it's good to bring in consultants that can help you with that technology, but go with what the skill set of your team is. That's what we did when we started Harper DB. We knew Node.js. We knew how to scale, and Node.js really well. There's a great community behind it and that's what we built our product on because it was what we knew and what we were good at. " 

4. Get External Support

This is another critical and underrated tip for choosing the best technology for your start-up. Your team might need to gain familiarity with every technology you choose. This might require additional training and support, resulting in cost overruns. 

In such a case, seeking external support is a must. Choosing the right technology partner will help you get your job done at a much more reasonable cost. David stated in the podcast: 

"It's essential to seek unbiased external support. If you go sometimes too, let's say, a tech vendor, like a software agency that is specialized in a specific technology, they might lead you in the right direction, which might change your whole perspective towards a particular scenario." 

5. Analyze Costs

Before choosing technology, it's crucial to understand your business model and overall development cost analysis. Planning to acquire new technology will help you save time and money. There are strong chances that scalable solutions you consider require additional resources, resulting in the scalability of the budget. 

You may also encounter a solution that might be suitable for your business. But it might require relevant training to adopt new technology. Throughout the conversation, Kyle states:  

"You must adjust to the situation in front of you due to time and money constraints. It's never because someone is not intelligent. You know, it's not out of anything that's malicious, it's always in the best intention, but you have to thread the needle on all these things like time, money, and delivery because there's that old saying: "Perfect is the death of good." And so, you also have to also accomplish good enough in these scenarios too. " 

6. Look for Open-Source Solutions

Considering open-source solutions that resonate with your business will allow for innovative ideas and customizable options. It will eliminate the need to build everything from scratch. This also helps you stay loyal to your financial investment model due to lower costs and a hassle-free approach. 

For example, WordPress is one of the most used open-source content management systems, especially if you're in the MVP development stage for your start-up. It comes with thousands of pre-built templates and website designs that fit your business, website, or online store. 

One should also consider the security aspect of such heavily used open-source solutions. Then the next step is to find the right team of people with in-depth knowledge of WordPress who can manage your website safely. 

7. Follow Market Trends

Another vital tip to consider is to choose the technologies that are in style based on your business needs. Most businesses need to consider the market demands and focus on technological decisions. This ultimately results in a waste of time and money. 

Your chosen technology should be easy to use and integrate with other systems and technologies. According to Kyle:  

"Just like we are redesigning our data replication model, one must adjust going forward. We also have some internal tech debt that we need to overcome because of our current model, which is very intricate. We can support it, but we can support it better with a new model. But that means it has taken years' worth of research and looking at what it takes to pull this out. It's also an opportunity for us to modularize and create better future paths to new replication models that we can like plug-and-play, things like that."

Final Thoughts

You now have a more explicit knowledge of the elements to consider while choosing technology. Click here to listen to the entire podcast for more details. If you like this episode, please let your coworkers and friends know.

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