Why technology business reviews are worth it

Are your IT assets contributing to your business’s profitability and overall growth? If you can’t tell whether your IT is helping you turn a profit, it’s time to seek the help of professionals who can evaluate your technology’s performance and spot any anomalies before it’s too late. One way to evaluate your IT systems is to conduct regular technology business reviews.

A technology business review reveals the strengths and weaknesses of your company’s IT framework. It’s often performed by a third-party IT consultant who will give an objective assessment of your technology and provide recommendations to help you meet your goals. If done properly, technology business reviews allow you to:

Save money

Every review starts with a cost-benefit analysis to determine whether an implemented solution is worth the continued investment. If there are technologies costing you a fortune in management and maintenance fees, consultants will advise you to cut them from your budget. They will also recommend cost-effective alternatives so you can do more with less.

Increase productivity

System-wide reviews of your IT infrastructure show you what processes are hindering business operations. This allows you to formulate solutions to increase productivity. For example, if employees are mainly sharing files via email, consultants might suggest cloud collaboration platforms, like Microsoft 365 or Google Workspace, which store data in a centralized location for seamless file sharing.

Enhance security and compliance

Technology business reviews can also uncover security risks within your business. Consultants look for missed patches, poorly configured networks, and other software vulnerabilities that can be easily exploited by cybercriminals.
They’ll then compile their findings to create a more robust cybersecurity strategy, usually one that involves implementing advanced solutions like intrusion prevention systems, file access restrictions, and patch management software.

If you operate a business that’s subjected to data regulations like the Health Insurance Portability and Accountability Act (HIPAA) or Payment Card Industry Data Security Standard (PCI DSS), consultants will also pinpoint noncompliant IT practices and solutions and then customize a strategy that ensures the privacy, integrity, and availability of your data.

Implement appropriate technologies

Considering that new technologies are released at a breakneck pace, it’s important to pick those that will help you achieve your business goals. Technology business reviews keep you up to date on the latest technology trends and gauge the impact of implementing them so that you can make informed decisions.

Whether your goal is to increase profits, productivity, security, or all of the above, technology business reviews can put you on the right track. Our seasoned IT consultants can conduct these reviews for you and develop a strategy that gives you an edge over the competition. Just give us a call.

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What are the business benefits of adopting new IT?

Keeping up with changes in business technology can be difficult for small- and mid-sized businesses like yours. However, upgrading your company’s technology is something you can’t afford to put off or ignore completely — not if you want to stay relevant and competitive. Here’s what you’ll miss out on if you don’t adopt new tech.

Better efficiency

Implementing new technologies introduces more efficient, flexible ways to carry out tasks, thus streamlining business processes. For instance, Voice over Internet Protocol phone systems and instant messaging apps enable your team to get in touch with one another, as well as with clients and business partners, whenever, wherever, on any internet-connected device. This makes relaying critical information much quicker and easier.

Similarly, business process management solutions automate repetitive tasks, like those involved in accounts payable processes. With automation, your staff saves time and effort and can focus on other, more important tasks.

Ability to address remote and hybrid work challenges

Many businesses are still struggling to cope with the challenges brought about by the COVID-19 pandemic, including how to manage remote and hybrid workforces. These issues can be addressed by implementing modern communications and collaboration solutions. Such tools allow entire organizations to stay connected and on the same page. Managers can check in on employees, and coworkers can call or message one another regarding projects they’re working on together. Teams can also share documents and edit these at the same time, if needed. Additionally, they can use collaboration tools to set and track task progress so everyone’s always kept in the loop.

Increased employee engagement and retention

Issues with technology, especially if these happen frequently, hamper employee productivity. They also lead to poor employee engagement and experience. Over time, minor inconveniences like computers that constantly freeze or web browsers that take ages to load can add up and create discontent among your staff.

Equipping your team with the latest hardware and software enables them to perform tasks smoothly and efficiently, without having to worry about the headaches associated with outdated technology. This also shows that you are invested in their comfort and employee experience, which increases their morale as well as their loyalty to your company.

Reduced costs

New technology pays off in the long run. The savings you will make from not having to constantly have your tech fixed or suffer productivity-draining downtime will far outweigh the costs associated with implementing new equipment and solutions.

If you invest in the cloud, you can enjoy even more savings, as doing so eliminates costs related to managing your own hardware such as maintenance and utilities. Such expenses will all be shouldered by your cloud service provider, so you no longer have to worry about budgeting for them.

Regardless of your business’s size and industry, there’s no doubt that new technology is critical for its growth. However, you need to ensure that any new hardware or software you decide to adopt is aligned with your company’s needs and goals. You must also make sure that it’s properly implemented so that you can make the most out of it. Our experts can help you do just that — drop us a line today to find out how.

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