Business Technology Insights

For successful business growth, it’s crucial that you have a clear path laid out for the future. But that doesn’t just apply to product development, workforce needs and KPIs, it also applies to your office technology. 

Your company’s technology is a crucial component of successful business growth. Technology has an important impact on the operations of your business, from your internal efficiencies, monthly expenses and your ability to please your customers.

No matter the size of your Ontario-based business, having a technical leader is absolutely crucial. 

You need someone who will build and manage your IT infrastructure, outline your IT strategies based on your company’s business goals, oversee technology implementations and supervise software and hardware developments. 

The tech and business worlds have been talking about the transition to paperless for years. Even on this blog here at OT Group, we’ve discussed the importance of data backups and other IT solutions - all of which are crucial to the security and efficiency of your business in a world where the vast majority of data is stored online. 

It’s difficult to update a system that’s as hard-wired into your business processes as your phones. Especially when you want to make the transition from an analog phone system to a Voice over Internet Protocol (VoIP) solution.

When you think of the term cyber attack, you probably imagine a hacker sitting at their laptop taking down a huge corporation. While that may be the case in Hollywood movies, cybercrime in the real world is opportunistic. 

That means the majority of cybercriminals actually target small and medium-sized businesses due to their weaker security systems.

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. 

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. 

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.

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.

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.