Technology Management Can Turn Spending Into InvestmentMon, 05/20/2019 - 09:48
Many companies see technology as an expense and not an investment, which makes them minimize its importance. “Unlike other expenses companies make, technology is usually seen as unnecessary or postponable unless there is an immediate flaw that must be corrected,” says Philippe Fournet-Fayard, CEO and General Manager of Eolis América Latina.
The difference between technology being an expense or an investment lies in how the company manages its IT and IT budget. Eolis América Latina, an air treatment systems specialist for industrial processes, believes investing in environmental control systems contributes to generating greater productivity and safety in products and operations. “Expenditures that result in improvements are always solid investments,” says Fournet-Fayard.
Technology budgets, according to Deloitte, can lead companies from value preservation to value creation by driving business growth and operational efficiencies. However, greater spending on technology does not necessarily translate into greater value creation. Fournet-Fayard says that rather than investing in the latest technology, companies must look for systems that improve results, delivery times and processes. Within the different technological areas in which pharmaceutical companies can invest, HVAC systems are among the most important.
HVAC systems, according to the World Health Organization (WHO), play a key role in preventing contamination, cross-contamination and other critical aspects that pharmaceuticals should consider while manufacturing drugs. “What can be measured, can be improved. By having better control of the environment surrounding a pharmaceutical production, the company is investing not only in technology but efficiency and product safety,” says Fournet-Fayard.
Environmental control is not only useful for pharmaceutical companies. Temperature, humidity and air movement management can be used to optimize other health-related facilities. “Pharmaceutical companies have implemented these systems the most, but in recent years other segments, such as hospitals and laboratories, are becoming interested in well-designed HVAC systems,” says Fournet-Fayard.
The main reason, according to ASHE Health Facilities, is that these systems help control hygiene and temperature systems that are key in the health sector, in addition to reducing energy consumption. “Hospitals are interested in reducing nosocomial diseases. Meanwhile, laboratories want to ensure their tests are not contaminated or altered,” says Fournet-Fayard.
To maximize the benefits of HVAC systems, it is critical to choose the correct one according to the needs of the company. “No company is the same; it is important to have customized technology that is consistent with the company’s size, location, climate and even goals in terms of production and energy efficiency,” says Fournet-Fayard. Characterizing these variables can be the difference between wasting resources and making a good investment. “For example, if the purpose of the system is to control nosocomial infections, metrics to analyze should be the number of infections and its main drivers,” he says.
To choose the best technology, a company requires the help of an expert who knows the systems and the needs of the companies in the sector. Eolis América Latina’s 50 years of experience and a highly qualified work team can offer that. “Over the years, we have remained industry leaders because we know how to build solutions for each client, not only in health but in textile and industrial facilities as well,” says Fournet-Fayard.
Eolis América Latina’s goals are focused on creating solutions that include a combination of great technology and experienced professionals. The best way to do that is through the workforce, according to Fournet-Fayard. “We already have state-of-the-art technology, so Eolis América Latina will keep betting on training its people to maximize value and reliability for our customers,” he says.