What Is Tech Advisory & Why Is It So Critical In The New World Of Business?

TL;DR: Tech advisors must be ten steps ahead to ensure their clients can provide thorough value to their customers through digital solutions.

By Jerry Wallis
9 min read
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What trends will shape the future of tech advisors? 

Where is the tech advisory industry headed, what should you expect from a technical consulting business, and why does it make sense to work with an advisor like us? Explore our insights in this blog article.

The Ever-Growing World Of Tech Advisory 😎

The rise of tech consulting demand over the last decade has been nothing short of extraordinary. With the ever-growing ubiquity of technology, businesses are looking for advisors to help them navigate the complex world of digital transformation, meaning that the demand for tech advisory is skyrocketing. 

According to a recent market research study, the tech advisory industry is already valued at over 53 billion U.S. Dollars. And with the global economy increasingly reliant on technology, that number is only expected to grow in the future. 

As your business grows, you will likely find that you need more and more guidance and support to keep up with the latest technology trends and advances. That’s where tech advisors can help you — they can provide the know-how required to make intelligent decisions about your technology infrastructure. 

But what does the future of tech advisory look like? And how must they adapt and evolve to remain integral for growth? Of course, no one can predict the future, but that doesn’t mean we can’t explore the trends that will likely impact the tech advisory landscape in the coming years. 

In this article, we’ll cover the world of tech consulting, why businesses benefit from having technology advisory, and some significant trends to watch out for that are turning the tech consulting world on its head.

What Is Tech Advisory, And Where Does It Fit Into Your Business? 🗒️

In this rapidly changing world, it is more important than ever for businesses to access accurate and up-to-date information and streamlined processes. That’s where tech consulting comes in. 

Tech consultants are advisors who help companies make the most of new and emerging technologies through guidance, facilitation, execution, and subsequent training following digital transformation.

future of tech advisors

These experts provide advice and assistance to businesses and individuals regarding the use of technology, such as choosing the right CRM or ERP software for a company to develop a website that integrates seamlessly to deliver a fully synchronised ecosystem. Some tech consultants may also offer ongoing support and maintenance services. 

While they come from various backgrounds, great tech advisors always have a strong knowledge of technology and how it can be used to achieve specific goals. In addition, they are masters of researching, selecting, and implementing technological tools that can help businesses scale, grow, and outperform their rivals in the marketplace. 

With the ever-changing landscape of the tech world, tech advisory is essential in keeping businesses and individuals up-to-date on the latest trends and developments. 

Why Do Businesses Work With Technology Advisors? 🤔

In recent years, the need for professional and experienced tech consulting has snowballed as businesses seek to gain a competitive edge in the digital age. With new technologies and software solutions released almost daily, companies are under increasing pressure to keep up with the latest trends and adopt new technologies before their competitors.

However, many businesses either lack the in-house expertise or the required tactical nous and direction to navigate this ever-changing technology world effectively. As a result, they increasingly turn to tech consultants for guidance on the best practices and recommendations for using technology to improve their operations and grow their business. 

Remember, it’s not just about thinking of using a new piece of technology; the tricky part comes down to the execution and ongoing use. This is where tech consultants shine, as they can help businesses effectively adopt new technology solutions and subsequently continually implement training measures to utilise the benefits of said technology.

If the present is any evidence, tech consultants will continue to play an even more critical role in helping companies navigate the ever-changing digital environment. They will help businesses understand new technologies and how to use them effectively to deliver unique value to customers and scale their businesses to greater heights.

Tech consultants will also be on hand to offer advice and guidance on everything from cybersecurity and strategic innovation to data storage and customer engagement. In short, tech advisory will be essential for any business that wants to stay ahead of its competitors and retain its position in its respective industries.

Out With The Old, In With The New: What Should Tech Consultants Strive To Do? 📋

Tech-consulting models of the past don’t work anymore with today’s companies with a growth-focused, innovation-craving mindset. A new strategic innovation model focused on leveraging the latest technological advancements needs to be adopted by tech advisors to stay relevant and successful. 

Gone are the days of businesses having to partner with multiple consulting firms to manage the separate silos of their projects. Businesses have learnt from their unpleasant past experiences, and instead, they are looking for trusted growth partners who will efficiently help them scale their company by utilising the latest technologies and up-to-date innovation frameworks, incorporating a transparent, cooperative communication and management style.

In today’s digital era, tech consultants must bring a wealth of current technical knowledge and experience to the table, helping businesses identify and implement the most influential tech solutions for their specific needs and capabilities.

In many cases, tech consultants must also help businesses save time and money by identifying and implementing efficient tech solutions that streamline processes and improve workflow.

Additionally, in this competitive environment where one slip can be incredibly detrimental and set growth back several years, tech consultants should help businesses avoid pitfalls by providing expert insights into potential risks and challenges associated with adopting new technologies. 

Tech advisors must also educate and make their clients understand that while a specific technology may have worked wonders for a particular company, it may not be the best fit for others. Individual variances on a company-company level must be assessed before even contemplating a drastic digital transformation.

As the demand for tech consulting services continues to grow, it is clear that digital advisors will play an increasingly important role in helping businesses succeed in the digital age. They must strive not only to advise but also to educate and train their clients to make the best use of all adopted digital technologies. 

Why Does Tech Advisory Need To Evolve? 🌟

Like all other advisory and consulting practices, tech advisory is also changing. Customers are more savvy and knowledgeable, and expectations are higher than ever in this growth-driven competitive landscape.

Cookie-cutter and un-imaginative contracts and service models are no longer acceptable, nor is a professional collaboration that offers a wealth of technical skills but an absence of interpersonal skills. 

Tech consulting firms will only succeed if the consulting team provides the right resources to produce technical delivery with the proper cutting-edge training and suitable business delivery models (onsite, offsite, or hybrid). 

But even that’s not enough; excellent leadership and communication skills to keep the client informed and ensure that embedded teams or departments responsible for client liaison have what it takes to work closely with the client’s team members are equally if not more important. 

Furthermore, service agreements and project documentation must reflect the timing and detailed estimated performance so that clients know what they are getting and when. The projected results must also be trackable and measurable to ensure accountability.

As we’ve already established, there’s no question that the world of tech consulting is rapidly changing. To stay ahead of the curve and scale operations, businesses must be aware of the latest digital developments. Here are four trends that are definitely worth keeping an eye on:

The rise of artificial intelligence (AI) is having a significant impact on the tech advisory and consulting industry. As AI technologies become more sophisticated and affordable, more and more businesses are turning to tech advisers specialising in enterprise AI transformation to automate tasks like data analysis and decision-making.

The popularity of cloud computing must not be overlooked in the tech consulting landscape. As more businesses move to the cloud, they increasingly rely on tech consultants specialising in cloud infrastructure and cybersecurity to help them navigate these technically sophisticated concepts and inevitable implementation challenges.

With most customers relying on and favouring mobile devices over desktops, mobile technologies are becoming increasingly important in the business world, which is reflected in the growing demand for mobile tech consultants. Companies want help developing mobile apps and strategies that will allow them to better engage with their customers and employees through intuitive mobile experiences.

Big data is another area where tech advisory is seeing increasing demand. As businesses generate ever-larger data, they need help making sense of it all and extracting valuable insights. With Big data as a concept picking up steam, tech consulting firms specialising in this domain will be in high demand in the future.

These are just a few trends currently shaping the world of technology and forcing tech advisors to adapt, upskill and upgrade their core services in response.

What The Future Of Tech Consulting Holds And How We Can Help 👔

If brands want to remain competitive and embrace digital innovation, they must partner with tech experts who have a 360-degree view of the tech industry 24/7, 365. This is non-negotiable, and businesses must be comfortable and flexible enough to partner with consulting firms if they want to utilise technology for growth and innovation. 

For businesses looking to scale and deliver incredible digital experiences to their customers, we can help you navigate the obstacles by providing intuitive solutions built with the latest and leading technologies.

As your customer experience transformation partner, we’ll guide you through every step of the innovation, design, and development journey — and lead you to a land of streamlined sales and services and ultimately help you build a brand to which your customers will be proud to be a part of. If this sounds like something you would like some further help with please schedule your discovery meeting today, and let’s chat!

Published on August 01, 2022

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