Business Technology Insights

Over the past few months on our blog we’ve talked a lot about the benefits of remote work. We have also discussed the large number of organizations that are moving towards long-term work-from-home strategies here in Ontario, and how they are set to last long after the pandemic ends. 

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Over the past decade, technology has become a huge part of how education institutions operate. Whether used on the front line to better engage students, used behind the scenes to improve efficiencies or used to communicate with members of staff, schools and other educational facilities have come a long way. 

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Cybersecurity is more important than ever before, with small and medium-sized businesses saving thousands of files, making payments and accessing various software platforms and accounts every single day.

To ensure your business is properly protected from the risks of cybercrime, it’s crucial that your company’s network is able to withstand a range of attacks. 

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With many organizations now having a significant portion of staff working remotely, many small and medium-sized businesses are starting to strategically plan how their workforces will operate in the future. 

It’s looking increasingly more likely that the future of work for many businesses will be flexible. Employers are likely to implement hybrid working models, where some employees work in the office, others work from home and other employees work from anywhere - moving from location to location.

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With small and medium-sized organizations now storing, managing and accessing more data than ever before, cybersecurity is now a crucial component for business success.

In fact, cyber crime has continued to grow over the past few years. According to the Washington Post, estimated global losses from cybercrime are projected to hit just under a record $1 trillion for 2020 - that’s almost double 2018, when a reported $500 billion was lost.

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Today’s businesses, both small and large, operate in a digital ecosystem that generates a huge amount of data. Managing and analyzing this data can be overwhelming, but the companies that invest in the right technologies to do so can realize huge benefits.

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No matter how successful your small or medium-sized enterprise (SME) is, there’s always an opportunity to optimize how you’re currently working. Cutting expenses and improving internal efficiencies can drive up those profits even higher. 

When most companies think of reducing costs they think of cutting rent costs, reshaping the way they employ staff members or ending partnerships with vendors. What they don’t realize is that these drastic changes can all have a negative impact on the results achieved by the business.

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There’s no doubt about it, every small, medium and large enterprise needs to print and copy documents on a regular basis. What you might not know as a business owner or office manager, however, is just how much print costs are eating into your company’s revenue. 

In fact, the average employee printing habits cost a company $725 per year, per employee. That means if you have 10 employees, you could be losing a staggering $7,250 from your bottom line each year simply from poor control over your organization's printing.

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The primary purpose of technology in the business world is to make our lives easier by enhancing how our employees perform daily tasks. There’s no doubt about it, your IT strategy has a direct impact on the productivity and efficiency of your employees. 

Don’t get us wrong, building a team that is collaborative, efficient and productive is still challenging for any business, but technology advancements over the past few years have made it significantly easier.

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Documents are an essential component of any organization, but managing these documents in a way that ensures operational efficiency and business security is more complex than it seems. 

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