Augmented Reality, Blockchain, AI for projections and analytics, Cloud Hosting, Quantum Computing, Auto Content Creation etc…. These were once idealic tools that could be used in deal making, but now they have, in some cases, become indispensable tools in the war chest of deal making. However few corporates and professionals are aware that such tools are available and how they can favourably impact their operations at minimal cost.
Just before we go into discussing these tools, it is important to note that these tools do not always carry a hefty price tags. There are two (2) reasons for this:
1. Cloud Hosting (shared access to hardware accessible on demand over the internet) birthed “as a service offerings” and “as a service offerings” have enabled commoditisation of tech offerings. Commoditisation has in-turn simplified access to to tech offerings thus lowering the bar to entry. Commoditisation has also drastically converted tailored offerings to off-the-shelf offerings meaning gourmet / haute de couture has become fast food / off the rack.
2. Companies such as MLS and Axiom (as it once was before the split up), have pooled a miriad of resources geared towards offering tech for deal making and making same available on an “on demand” basis. It means the aforementioned technology does not have to be hosted in the premises of the user and the user need not employ resources needed to use same technology. The MLS and Axiom like companies of this world have technologists, solicitors, analysts, project managers all under one roof operating same technology on an on-demand based commercial model.
With the commoiditisation of technology and restructuring of its offering for deal making by companies as mentioned previously, useage of tech tools in the world of deal making is not as challenging as it once was perceived.
Over the coming days I shall be reviewing each tech tool individually with regards its use in deal making. Next write-up shall be on “Augmented Reality for deal making”.
All comments and contributions on your experience in using tech tools for deal making will be highly appreciated.