What makes technology different?

Because technology assets are different from other company assets, they should be used, upgraded and changed – not owned. Technology assets have very unique characteristics. They Are:

• Rapidly consumed
• Quick to lose their value
• Rapidly outdated, often within 6 - 9 months
• More expensive to maintain over time

Cash or simple bank financing works well for other stable, long-term assets, but are not designed to accommodate the dynamics associated with technology.