Using more of a technology’s capabilities
The bells and whistles of a new technology can be alluring, but those extras typically don’t get much play, according to multiconcept owner Gala Capital Partners, whose tech savvy landed Managing Partner Anand Gala on a panel. “I’ve never seen any company use a technology to its fullest extent,” Gala said. “If we use 45%, that’s a huge win.” The company typically tries to broaden the features it uses, if for no other reason than accurately calculating the return on investment. “If we can build 50% utilization, we can base our ROI on that,” Gala said.