Pay the New With the Old
In the previous video I mentioned that it if done right and in a smart way it is possible to finance the installment of new technology solely from the additional benefits you gain from the old one.
Remember the concept we talked about in the previous video – T.V.M. – Time, Value, Money. Well, T.V.M. is also central for explaining this.
Imagine you can get much more from the system you currently have through smart digital optimizations. This will save you time, generate more value, and increase revenues.
Boosting the value you get out of your existing systems has a massive positive effect on the entire company. Most importantly it generates a great amount of additional revenue and / or cost savings. This extra value can then be reinvested in a more modern technology or toolset, which will help shoot up your T.V.M. even higher up.