While technology investment offers numerous benefits, it also comes with risks:
- Cost Overruns: Projects may exceed budget due to unforeseen issues. - Implementation Challenges: Integrating new technology may disrupt existing workflows. - Security Risks: New technologies can introduce vulnerabilities if not properly managed. - Rapid Obsolescence: Technology evolves quickly, and investments may become outdated. - Dependency on Vendors: Businesses may become overly reliant on specific vendors.