Meet the Expert
Doug McGowan
- 24 years at HP in engineering, engineering management, and general management
- Led teams working on emerging technologies and enterprise mobility strategy
- Designed, developed or built HP's Cooltown innovation centers in Singapore, London, Palo Alto and elsewhere.
- Developed and marketed HP's VerSecure encryption technology and represented HP as encryption policy expert in meetings with the White House, U.S. Congress, FBI, Departments of Defense, Justice and Commerce
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Software and Technology Companies: From Legacy to the Future
CEO, Urban Cyberspace Company
Risks & Opportunities
Risks
Companies that begin to move beyond legacy products into the future face the following risks:
- Your resources may be constrained by supporting existing products – leaving no time to concentrate on the future.
- But if your existing customers are not kept happy, there are downside risks as well.
- You can fail to properly evaluate the current business, product, or customer landscape.
- You can spend resources and time trying to fix a legacy product when it cannot be fixed.
- You can lack the key skill sets required to win the future.
Opportunities
Companies that begin to move beyond legacy products into the future enjoy the following opportunities:
- You can move your company to the next level with a state-of-the-art product, resulting in:
- More customers
- More revenues
- Happier customers who help to improve and market your products
- Small- and medium-sized companies may also attract more investment since investors prefer to pay for new, innovative products rather than investing in correcting defects in existing products.
Software and Technology Companies: From Legacy to the Future:
Risks & Opportunities
Expert Topic