Planning new investments
Our services
We can provide an informed view of global development, technology availability and new project feasibility in areas of our specialisation which includes the use of sensors, data analytics, AI, condition monitoring, predictive maintenance and commercial application deployment which use these technologies. In areas that require such specialised knowledge, we can provide:
- Technology review and report on state-of-the-art
- Market review including business opportunity
- Business development planning advisory support
- SWOT analysis
- Guidance on how to project plan for new opportunities and set-up supply chain and operations
Our approach
The assessment of global state of play in any area requires detailed research and investigation. Re-inventing the wheel is a common mistake. We provide a methodical way of looking at the investment opportunity where feasibility, risks and benefits are evaluated end-to-end from ideas to final outcome. These steps include:
- Examine your business needs including new business investment in a technology development project
- Understand existing state-of-the-art and available solutions to ensure that a sufficient gap exists for the new project
- Purchase or license existing technology that can be plugged in rather than building from scratch
- Develop a technology development plan with details of technology development details, milestones, deliverables whilst ensuring that these are possible within your expected timeline and that these can be IP protected to provide maximum exploitation rights
- Perform SWOT to understand gaps in capability, legal and commercial risks
- For technical capability limitations, plan on subcontracting and supplier management
- For risk management, train your team and use regular appraisals and audit once the project starts
Issues you may be facing
Some of the issues you may have already recognised when planning new business investments for technology development projects may include:
- You are unsure of what exists in the market already and you are not convinced on the novelty of proposed work
- You are worried about the true cost and time of development as there may be hidden costs that have not been factored in
- You are not sure whether the core project team has appropriate capability to guide the project and has chosen the best tools and people
- You are not sure if a proper SWOT has been undertaken and all risks mitigated
- You are worried about project mismanagement without external monitoring