Business Technology Insights

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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Following the sudden shift to remote work for many businesses in 2020, organizations are planning to spend even more on communication and collaboration tools in 2021 to support their remote workers.

That’s because remote work is here to stay. A survey from Pew Research Center found that more than half of respondents (54 percent) want to continue working from home “all or most of the time” when the coronavirus outbreak is over, while a third say they want to work from home “some of the time.”

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Improving the day-to-day operations of your business through technology and IT solutions can be incredibly complex, it requires the deployment and optimization of technology solutions that are perfectly designed to help your business meet its unique goals.

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Small and medium-sized businesses continue to transform the way they do business through advanced technologies, new connectivity options, and improved IT infrastructures that promote productivity and efficiency among their employees.

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Traditionally, the act of automating processes was largely reserved for large organizations and enterprise businesses. Automation was seen, by the vast majority of other smaller businesses, to be too complicated or expensive.

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The year 2020 has seen a profound shift in when, where and how people are working. Organizations have adopted flexible working schedules, made up of employees who work either entirely from home or partially in the office.                                

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Small and medium-sized businesses all have one thing in common, they want to grow their company and improve internal operations. In today’s world, that means using new technologies and adapting your IT strategy to access operational efficiencies and new revenue streams. 

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