We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is Technology Change Management?

By Troy Holmes
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Information technology is typically an expensive undertaking that requires careful planning and analysis. Companies use this automation as a method of improving productivity and profits. Technology change management is the process of planning for an IT investment. This typically includes a detailed review of the cost, benefits, and training impacts of new automation for the company.

A cost-benefit analysis determines the true value of a new investment for a business. This analysis is often used as part of the technology change management process. The cost-benefit analysis can be reviewed by executives to determine if an IT investment should be undertaken. New processes that generate high productivity and sales with lower costs provide the best value for a company.

Most technology investments take several years to return value to an organization. This time frame is known as a return on investment (ROI) calculation. Technology change management uses ROI algorithms to determine the benefits of new technology. A company will typically look for an ROI of less then three years.

When a company implements new software products into its operation, the change will typically have long-lasting costs effects. This includes hardware maintenance, licensing, and support costs, which could last many years after the initial investment. Technology change management accounts for this cost within an algorithm known as total cost of ownership.

A technical refresh is the replacement of a company's computers and other devices. This refresh of hardware and software is typically performed every five years. Technology change management is the formal process that tracks the need and costs associated with technical refresh endeavors. This includes cell phones, laptops, computers, and software.

Many businesses are forced to upgrade applications because the software is no longer supported by the vendor. This is a common problem because all software has built-in obsolescence. Once a product becomes unsupported, a business is forced to upgrade. This is a difficult decision for a company that requires effective technology change management techniques.

Adding new technology can have major impacts on the productivity and performance of personnel throughout the company. Effective change management requires a detailed review of the current business processes, user training strategies, and change management approaches. When new technology is introduced in a formal, strategic manner, it is more likely to be embraced by the organization.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Discussion Comments

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.