Is your business relying on outdated technology and you currently feel the dollar signs just slipping away and going toward repairs and maintenance? If yes, then change is needed. A staggering 82% of companies failed to meet their cost-reduction targets last year, with an inefficient technology infrastructure being the primary culprit, found a recent survey by Deloitte.
Challenges with technology infrastructure are a huge barrier to organizations seeking to improve margins by cutting costs. Another poll of nearly 300 business leaders found that over 50% of the respondents reported that leveraging data and generative AI strategies for improving margins would be a 2024 focus. What does this tell us? Businesses are looking to adopt new ways of doing business to save money and improve efficiency, but are currently held back by antiquated technology.
Why Should A Business Upgrade Technology?
Systems over a decade old – dubbed legacy systems – can quickly become a maintenance nightmare. They are slower, need constant updates and patches, and don’t utilize newly developed features. As a result, businesses struggle to keep up with their tech-savvy competitors in every area of the organization. But, even more than that…
Outdated technology increases your risk of cyber-attacks.
Old technology typically cannot keep up with the rapidly changing world of cyber security. As more malicious threats rise up, ancient technology becomes incapable of keeping up with the latest updates required to keep your network secure.
So, why do business owners often put off updating technology? The data clearly shows that it will positively impact productivity and the bottom line. So, what’s the holdup? There are a couple of reasons.
A big one is sticker shock. Seeing the price of updating tech infrastructure can be overwhelming – a hard pill to swallow. Smart business leaders run through risk-related questions like “What if something breaks?” or “What if it doesn’t work like they say it will?” But, the opposite could be even worse…maintaining old technology could be more costly.
There’s also the cost of switching over to new tech. In an upgrade, systems have to come down and transition to the new one. Downtime is necessary. What will the cost be to train employees to use the software? These are questions an IT team can help you answer BEFORE you start upgrading your technology. An experienced provider will analyze your system to find the best plan to upgrade your system in the most efficient way possible. The payoff is worth it – increased productivity and profitability.
Ready For Something New?
If you’re looking to upgrade your technology or are just tired of slow, outdated tech, our sibling company, Atlantic Technology Services, will be happy to schedule a consultation with you to review your business’s technology needs. Our experts will dig into your system and determine what needs to happen to get your business up and running with newer, more efficient technology. To book your consultation, call us at 410-860-9899 or click here to schedule now. Fortifi Cyber Security works in tandem with our sibling company to help your company protect itself against cyber threats with world-class, highly-affordable security services. Call Fortifi at 888-500-9111 or schedule your vulnerability test.
