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Technology: Fad or New Normal?

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Meeting professionals see many challenges as they look to the future of events, and one of the biggest is how to make better technology decisions in the face of so much choice. Discover a framework to refer to when considering and investing in technology. From virtual reality and telepresence to RFID and near-field communication make sure you making the best technology decisions based on a system that prepares you for the future and the technological changes that come with it. Based on research sponsored by Amadeus.

Learner Outcomes:
•Discover the advantages and disadvantages of leasing and buying.
•Learn how to manage technological risks by asking the right questions and finding the best options.
•Find out how to move forward with confidence when investing in technology.

For more meeting and event planning education and inspiration, visit http://academy.mpiweb.org. To learn more about the benefits of joining the world's largest family of meeting and event professionals, visit http://www.mpiweb.org.

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Technology: Fad or New Normal?

  1. 1. Technology: Fad or New Normal
  2. 2. Jessie States, CMM Manager, Professional Development Meeting Professionals International @Jessie_States #MPI www.mpiweb.org/join
  3. 3. WHY TECHNOLOGY? cc: sake028 - https://www.flickr.com/photos/46427634@N06 ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  4. 4. WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  5. 5. Efficiency WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  6. 6. Efficiency Wow Factor WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  7. 7. Efficiency Wow Factor Eco-Friendly WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  8. 8. Efficiency Wow Factor Eco-Friendly Communication WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  9. 9. Efficiency Wow Factor Eco-Friendly Communication Flexibility WHY TECHNOLOGY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  10. 10. TECH TYPES & USES ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  11. 11. Data Mining ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  12. 12. Social Networking & Engagement ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  13. 13. RFID & Near-Field Communication ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  14. 14. Speech & Voice Recognition ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  15. 15. Artificial Intelligence ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  16. 16. Robotics ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  17. 17. Targeted Audio ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  18. 18. Virtual Reality & Telepresence ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  19. 19. -Terence Donnelly, CMP ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  20. 20. Cloud Computing ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  21. 21. LEASE OR BUY? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  22. 22. Leasing Technology ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  23. 23. Leasing Technology Advantages - No depreciation - No up-front costs - Short-term options - Buy-out options - Adaptability - Tax depreciation ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  24. 24. Leasing Technology Advantages - No depreciation - No up-front costs - Short-term options - Buy-out options - Adaptability - Tax depreciation Disadvantages - More expensive - Stagnant terms - Complicated - Maintenance - Long leases - No tax assets ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  25. 25. Purchasing Technology ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  26. 26. Purchasing Technology Advantages - Straightforward - Tax deductible ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  27. 27. Purchasing Technology Advantages - Straightforward - Tax deductible Disadvantages - High initial payment - Out-dated quickly ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  28. 28. MANAGING RISK ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  29. 29. Ask the Right Questions ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  30. 30. Party to any decision should be people who have a good understanding of both the organization and the technology. Ask the Right Questions ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  31. 31. Find the Best Options ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  32. 32. Reduce & Accept the Risk ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  33. 33. Move Forward with Confidence WHY SHOULD WE INVEST? Wow Factor Efficiency Cost Savings Reduce Footprint +Communication Flexibility Customer Needs ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  34. 34. Move Forward with Confidence WHY SHOULD WE INVEST? Wow Factor Efficiency Cost Savings Reduce Footprint +Communication Flexibility Customer Needs WHAT’S NEXT? Attendee Tech Personalized Info Interaction Engagement Mobile Apps Unique Content ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  35. 35. Move Forward with Confidence WHY SHOULD WE INVEST? Wow Factor Efficiency Cost Savings Reduce Footprint +Communication Flexibility Customer Needs WHAT’S NEXT? Attendee Tech Personalized Info Interaction Engagement Mobile Apps Unique Content Be future ready, Not future proof ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  36. 36. Move Forward with Confidence WHY SHOULD WE INVEST? Wow Factor Efficiency Cost Savings Reduce Footprint +Communication Flexibility Customer Needs WHAT’S NEXT? Attendee Tech Personalized Info Interaction Engagement Mobile Apps Unique Content HOW WILL WE MANAGE RISK? Identify Risks Scale of Risk Worth Taking? ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  37. 37. Move Forward with Confidence WHY SHOULD WE INVEST? Wow Factor Efficiency Cost Savings Reduce Footprint +Communication Flexibility Customer Needs WHAT’S NEXT? Attendee Tech Personalized Info Interaction Engagement Mobile Apps Unique Content HOW WILL WE MANAGE RISK? Identify Risks Scale of Risk Worth Taking? ASK RIGHT QUESTIONS Moral Policies Scalability Longevity Sustainability Innovation Reliability Brand Image ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  38. 38. Move Forward with Confidence CLOUD COMPUTING Reduced Costs Scalability Adaptable Sharing Lack of Control ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  39. 39. Move Forward with Confidence CLOUD COMPUTING Reduced Costs Scalability Adaptable Sharing Lack of Control LEASE OR BUY? Total Costs Up to Date Depreciation Tax Benefits Ownership Issues ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN
  40. 40. Move Forward with Confidence CLOUD COMPUTING Reduced Costs Scalability Adaptable Sharing Lack of Control LEASE OR BUY? Total Costs Up to Date Depreciation Tax Benefits Ownership Issues REDUCE & ACCEPT RISK Threats Opportunities Lessons Learned Backup Plans Partnerships ©2018 MEETING PROFESSIONALS INTERNATIONAL. ALL RIGHTS RESERVED. MPIWEB.ORG/JOIN

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