Technology evolves every day, and its evolution quickens. Just take a look at the advancement of Apple products – from the Mac to the iPod to the iPhone. In addition to the changes in outward appearance of Apple products, users are able to do more with the technology in their hands.
Often times, it’s difficult to justify a new technological investment. But sometimes, a new technological investment is just what you need for future business success. A Microsoft study concluded that more than 90% of consumers would consider taking their business elsewhere rather than work with a company that used outdated technology (dial-up internet, Windows 98, etc.) If you’re using outdated technology, here is the reality you currently face:
The most challenging aspect of building an IT budget is transitioning from the annual “make it fit” exercise to a meaningful planning session in the C-suite. This transition is more than just throwing numbers around on a spreadsheet – it requires careful planning for your future success. The future of business in general relies on technology, and your IT budget should reflect that.
Most companies talk about the ROI of their technology solutions in terms of hardware, software and uptime. These are all fine measures of your return on investment, but there’s an even better overall metric to examine: the productivity of your people.
Owners and managers of small- to medium-sized businesses (SMBs) wear many hats in their business. These leaders are often well-versed in basic knowledge for accounting, sales, marketing and human resources, and they have a strong grasp on their company's operations. However, few SMB leaders know how to leverage information technology within their business.