Why Technology Due Diligences?
Investors have traditionally focused on the core assets and liabilities that a company holds, but in 2021 this scope is no longer enough. The digital revolution has come to Africa, impacting every aspect of business generation and unlocking untold opportunity, and as such it has never been more vital that companies effectively use technology to reach these new markets.
Any investor looking to grow its portfolio must therefore take into account the technology a company uses. In years gone by, this may have been a cursory look at the IT infrastructure, and a quick interview to the CTO (if they had one). In order to be successful in the current market, full of technological complexity as it is, you must now go beyond this simple review.
For investors used to traditional Due Diligence processes, this provides a fundamental challenge – they tend to have a financial background which gives them expertise in identifying market opportunities and assessing business plans. They are usually not technology experts, and face barriers in effectively evaluating complex technology solutions.
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