The drive in finding new ways to accelerate business has seen the rise of the fail faster, fail often and fail smarter approach to technology development.
The widespread acceptance of this process has been a journey of interest, and one I have seen first hand over the years.
Getting something wrong would always be seen as a negative in business.
However, with the advancements in cloud technologies and services, this process is now the norm, and even encouraged.
The old adage of ‘if you don’t buy a ticket, you’ll never win the lottery’ is extremely true in the development of new technologies and services.
You have an idea?
It didn’t work, no worries!
Ask yourself why? What needs to change to make it work?
Try again. Then repeat, until you achieve success.
This all sounds so simple. When you have to procure thousands of pounds worth of technology to develop new services, you’d want it – quite rightly – to deliver results as quickly as possible.
Alternatively, if you can spin-up the resources you need, only pay for what you consume, and use the latest technologies, all whilst remaining in your current state, then why would you not encourage failure?
As Henry Ford once said:
Failure is simply the opportunity to begin again, only this time more intelligently.
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60% of those small businesses will fail within their first five years.
The number of reported breaches is up 54% this year compared to the same period in 2018.