Below is the answer and explanation for why do you need to develop a business case for a new social monitoring technology?

Why do you need to develop a business case for a new social monitoring technology?

• It’s an important skill for professionals to be able to analyze and communicate the return on investment expected from their requested budget.
• So that after the investment is made, you can go back and see whether it has lived up to expectations.
• To clearly outline the expected value gained from a software investment and set the expectation with your manager of how you’ll realize that value. ✅
• Social monitoring technology is particularly expensive and difficult to determine a return on investment.

Correct answer

To clearly outline the expected value gained from a software investment and set the expectation with your manager of how you’ll realize that value. ✅

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