What’s the number-1 factor you consider when deciding whether a new tool is worth purchasing?

People & Leadership Applications & Platforms Disruptive & Emerging Technologies+3 more

Budget allocation17%

Potential process improvements63%

Onboarding & training bandwidth10%

Security & compliance7%

Reviewing prior purchase overlap1%

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CIO / Managing Partner in Manufacturing3 years ago

PI is one way of putting it, a better way might be “is it solving a major business problem that we do not have a tool to solve at the moment”.

Managing Partner, Partnerships & Strategy in Software3 years ago

I’d consider how much the benefits outweigh the costs, and whether the tool adds or improves capabilities.

For example: We recently passed on implementing a new market automation platform. While it added new capability with its many features, the cost to purchase, implement and maintain wasn’t worth it.

Director of Network Transformationa year ago

In this day and age? Can I consolidate tools. The rule I had was if I could remove two tools for one, then yes!

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