Each month, Tony Uphoff, CXO advisor and turnaround and growth expert, joins Cloud Wars Live for a recurring segment. “Uphoff on Industry” explores the innovations, upheavals, and breakthroughs reshaping the world of manufacturing and industrial markets. Today, we talk about common misunderstandings when it comes to the real ROI of technology in the present moment.
The Big Themes:
- An update on the sale of Thomas to Xometry: Tony describes how the two companies are fitting together and creating a new kind of on-demand manufacturing marketplace.
- What’s the true ROI of technology these days? Following the acquisition, Tony’s been on a bit of a listening tour, having lots of conversations with other business leaders, and a theme that’s emerged is uncertainty around the real impact that new technology can have on a business. Tony has some important ideas about this.
- The role of CXOs in tech implementation: It’s essential that business leaders work to demystify new technology for employees, and help their teams understand how they fit into the new structure and processes it creates.
The Big Quote: “Technology is about growth. Yes, you might create something more efficient. But if that increased efficiency doesn’t allow you to reallocate resources and push growth, then frankly, I don’t know that your shareholders are going to be dazzled.”
Want to be part of Tony’s listening tour?
Connect with him on LinkedIn and fire away.