Adopt New Technology or Get Left in the Dust
Technology is rapidly changing, and businesses who don’t keep up will be left behind.
According to a survey by CIO Insights, 58% of IT managers are concerned about impacts to their business because of direct competition. Moving forward and staying ahead of your competition are goals that any successful business needs to keep in mind.
With the help of IT support services in Toronto, your organization can understand just exactly what technology is available, what you should adopt, and what is just a passing trend.
For example, 95% of companies are reporting meaningful cloud adoption, and already considering the possibility of moving more processes into the cloud.
Cloud technology, however, is just one aspect of your entire IT infrastructure. While it is one of those must-adopt technologies, simply moving a couple processes to the cloud isn’t going to make you competitive.
Adopting new technology allows your business the ability to enhance your customer experience, streamline operations, or create new business models. However, 55% of IT managers say that their current tech is hindering their ability to adopt new technology. Overhauling your systems may seem like a large investment, but as technology progresses you’ll only continue to be held back because of your legacy systems.
According to a report by CIO Insight, most organizations anticipate ever increasing IT budgets. For 2016, the average increase in IT budgets is approximately 17%, with 58% small businesses lacking a vision of anticipated growth.
A total of 60% of medium-sized companies are looking for growth — if you’re not in that group, your competition is rising above you.
Growth by the numbers:
An MIT Sloan Management Review study on digital transformation has revealed that 78% of IT managers the world over know that embracing digital technology will greatly impact their business, but they’re struggling to get their CEO’s to share their vision.
- The pace of technological change is cited as too slow in 63% of cases, most often this is due to a “lack of urgency”.
- 93% of employees feel that adopting new technology is right for their company, only 36% of CEO’s have shared this vision.
- Only 38% said that an organizational digital transformation was actually a priority for their CEO’s.
Proving the benefits of new technology is key to get your CEO, president, or even CIO on board with your vision.
The benefits of adopting new tech
Respondents to the CIO Insight study said that inefficiencies with technology cause the employee and their work to suffer, while 48% admitted that the end customer suffers.
The top cause for wasted work days is inefficient processes, at 44%, and paperwork overload at 43%. Employees the world over are begging for apps that make mundane processes easier, programs that intuitively automate easy tasks, and hardware that doesn’t break down.
Thanks to the adoption of the cloud, your modern workplace is no longer tied to a desk from 9-5, Monday to Friday. They do, however, require communications devices and apps that they can access across a number of devices.
Luckily, there are numerous devices that enable this. From HD video conferencing to cross-platform email access and virtualized desktops available with a single sign-on, your employees can easily collaborate from afar.
The ROI of new technology
Adopting the benefits of technology such as cloud computing isn’t a one-time investment that degrades over time. You can actually calculate a return on investment for the chosen solutions.The calculation for this is:
- Net gain divided by cost
Your net gain could be seen in an increase in productivity that leads to business growth, while your costs include the costs of the solution and the cost and time required to implement and train, plus any ongoing costs of your decision.
Microsoft has found that 1 out of 5 SMBs have been the target of cybercrime, while Forbes reports that costs associated with this type of crime are projected to reach $2 trillion by 2019. As cyber criminals become more and more sophisticated, so must your efforts to stop them in their tracks.
Toronto managed IT services should always be considered in order to offer constant security monitoring of your servers and data centers to prevent malicious attacks or breaches.
If your business requires secure payment systems, or collects data from your customers in any form, you’re top goal in adopting security technology is to stay current.The benefit to this is peace of mind and compliant operations.
But how do you choose the right tech?
A total of 63% of small business owners are overwhelmed with the options available to them when it comes to adopting new tech. We know that there are a lot of options out there.
However, it’s important to conduct in-depth business assessments to determine where your inefficiencies and bottlenecks are. You must consider mundane tasks that can be automated, and see if there are processes where data or tasks are being unnecessarily duplicated through their lifecycle.
Not only do you have to consider the software, hardware, or applications benefits themselves, but their compatibility with your current systems and the processes involved to implement them.
If you can quickly and accurately adopt new technology, you’re surely to soar above your competition.
At Jig Technologies, our IT procurement services account for all the above and factor in your IT budgeting requirements. With our industry-leading partnerships with both hardware and software providers, we can not only ensure that you’re getting the best solution to your business process, but getting it in the most cost-effective manner.
Get in touch with our technicians today to learn more about how adopting new can propel your business forward.