It pays to be frugal, but doing nothing and not investing has a cost too
It is hard to believe, but some studies claim that up to 50% of companies have not invested in IT at all for the last two years. It’s estimated that around 30% of organisations are waiting for the economy to pick up before they improve their IT infrastructure.
While efforts to control costs make total sense for many businesses, not investing anything in IT is usually a false economy.
There are two major problems when it comes to burying your head in the sand and avoiding any IT investments:
1 – reliability. It’s like expecting your car to work without flaws even though you’ve not had it serviced for years. Remember, IT is a crucial part of your business, and you need to treat it as such.
2 – downtime. It’s a hidden cost many businesses don’t take into account.
If your IT systems are slow and crash on a regular basis, it’s not rocket science to work out how much it costs your business in lost productivity, lost opportunities and lost profits.
If you’ve not given any thought to your company’s IT for some time, it can be hard to know where to start. But your first port of call should be your current IT support provider.
Be honest with them and explain your situation, talk about any budgetary constraints, and listen to what they have to say.