3 Reasons Your Business Needs to Upgrade Its Technology

For the average business, upgrading technology comes with some risks. Will you get the return on your investment back fast enough to make your investment worthwhile? Will the technology solve the operational problems you are trying to confront? Do you have the available capital to make significant upgrades? These questions and more can keep a business from taking advantage of the amazing benefits many new technologies can bring. Today, we thought we’d outline four signs that will tell you when it’s time to upgrade your business’ technology.

Falling Productivity

The first sign that you need to do something about your technology is when you have the human resources in place to efficiently do the work, but the technology you have them working on hinders their ability to do it effectively. This has a negative effect on operations, sure, but it also has a negative effect on your team’s morale, which any business owner worth his/her salt knows is an important, albeit unquantifiable metric to running a profitable business.

Newer technology can bring a lot of productivity benefits. It can enhance workers’ productivity individually. It can provide the base for better collaboration. It can even take pressure off of your entire staff by working to automate tasks that are chewing up your business’ profitability. The fact is that if your business is constantly dealing with failing and antiquated technology, it’s probably going to be felt by your workers first, before it even shows up on the bottom line. 

Security Issues

Today’s threat landscape is arduous to say the least. Even the smallest business is now directly in the crosshairs of scammers and hackers looking to systematically scrape data and inject themselves into their process. This isn’t going to get better anytime soon. With a large chunk of the information services still being handled remotely, there are more opportunities than ever for hackers to get their greedy hands on your business’ information, or worse yet, saddle your business with malware that is sure to cause expensive downtime. 

If your business isn’t doing everything it can to keep these thieves off of your network, you will eventually have one come-a-knockin’. That’s just the reality of being a business in the 21st century. New technology typically comes with better security platforms, and ones that are constantly being updated and improved upon. Today, you can’t just ignore the security aspect of your business’ technology deployment. You need to upgrade your systems and keep everything monitored around the clock to give your business the best chance to succeed. 

Business Growth

The first two line items of this article are all doom and gloom, that’s true, and we do it because there are a lot of threats out there and if your tech isn’t good enough to keep your people productive, then you will fall behind. The last item, however, is sunshine and roses: You’ve found success. If your business is doing well and you are starting to consider new ideas to enhance your business’ profitability, one of the first places you should look is to technology.

It’s true that a successful business may not want to change what works, but today there are technologies that can take a thriving business to a whole new level. From building efficiency, to managing multiple revenue streams, to simply ensuring that the technology you have in place has the support it needs so you can continue to grow, making an investment in your business’ future through the integration of new technology is a responsible decision that, more often than not, will pay dividends. 

There are a lot of reasons why you may want to hold off on your new technology plans, but the more that you commit to your company’s future and its ability to support collaboration, efficiency, and dynamic productivity, the better off your business will be. If you would like to learn more about getting the custom technology solutions you need to solve your business’ most pressing problems, give the technology experts at Preferred a call today at 708-781-7110.