Business Technology Insights

Investing in your company’s IT strategy is more important now than it ever was before. An excellent IT infrastructure is now the foundation of any business, driving improvements to your internal operations as well as your customer-facing processes.

This is particularly true in Canada, where the small to medium-sized enterprise (SME) market is highly competitive. According to the Business Development Bank of Canada (BDC), there are almost 1.1 million SMEs in the country.

The technology industry is currently completely focused on the software as a service (SaaS) and cloud computing phenomenon. Despite this, many small to medium-sized businesses are only just becoming familiar with this type of technology and how it can benefit their business.

This trend will only grow in the future, with Gartner predicting that SaaS market revenues will grow to $113.1 billion by 2021.

Computer software and hardware are not designed to be built for life. Is this something you have taken into account in your IT strategy? Because many small, medium and large-sized businesses haven’t.

Technology evolves at a rapid speed, especially when your team is working remotely. Keeping up with these changes is the key to a cost-effective strategy that focuses on data security, business efficiencies, and improved productivity. All of these aspects improve the profitability of your business.

Today’s business world is saturated with companies offering the same, or incredibly similar, products and services. To stand out and remain competitive, it’s essential that your company’s internal processes are seamless and efficient - and your IT strategy is crucial to that.

Cloud computing offers cost-benefits, business efficiencies, easy scalability and many other competitive advantages that can transform your organization’s internal processes. Yet many businesses are still continuing to operate without it.

As a small to medium-sized business owner, you are probably told on a frequent basis that it’s important to backup your company’s data as part of your IT strategy. Some companies do it, others don’t.

However, has your organization ever thought about the consequences that a ransomware attack could have on your business?