Invest Now in New Technology for Your Business

August 19, 2020

The global economy is in a slump. But believe it or not, now could be a good time to invest in new technology for your business.

You may already have streamlined processes. You had certain technology tools and systems in place to get things done. It all was working fine. Yet 2020 brought many challenges to the way business functions. The technology you relied on in the past may not be the best answer to your current business needs.

You might have been putting off cloud migration, as most work was onsite, or you resisted remote working out of concern that employee productivity would suffer. Perhaps your business didn’t want to secure a “Bring Your Own Device” workplace.

Now, you need to rethink how your employees report for work. You could be facing any of 2020’s familiar challenges such as:

  • a server that used to be able to support your teams overburdened by remote workers;
  • a reliance on email document exchange causing difficulties with version control and accountability;
  • not having enough software licenses to accommodate employees working from home;
  • employees lacking the technology to get work done offsite.

Businesses need to act now to address their new technology needs. Keep in mind that many vendors are offering discounted services. You may find it easier to access business loans for tech investments, and these can be very low cost such as The Coronavirus Business Interruption Loan Scheme (CBILS) There may also be grants available for hardware or consultancy through your Local Enterprise Partnership (LEP).

This makes it an ideal time to invest in new technology for your business

Stepping Up Your Tech Game

Some businesses are struggling to keep their doors open. Others are waiting out the current situation to see how things shake out. Then there are those that are rolling the dice and betting on a rebound. If you invest in new technology for your business and improve the IT environment this can be a foundation for future business success.

Laptop showing a video meeting. You may invest in new technology for your business to enable remote working.
The requirement for remote working may have changed your hardware needs.

Plans may have already been in place to invest in a systems or hardware upgrade or migrate to the cloud. Continuing the digital transformation journey, when everyone is adapting already, could make sense. Reduce negative impacts by making the change while employees are working remotely. This could lessen the impact of downtime.

It may also be a good time to invest in data backups and disaster recovery solutions. Didn’t have business continuity plans in place? You’ve likely realised their importance now. These plans prepare your business for data breaches, ransomware attacks, power outages, or natural disasters. Contracting for cloud data backup pays off when you can recover quickly and cut damage done.

Starting a partnership with a managed service provider (MSP) is also helpful. An MSP gets to know your business and its systems and needs. They can help find cost savings and identify opportunities for greater efficiencies. They can also offer expert IT advice, manage and track your data backups and cybersecurity, or take on day-to-day tasks, freeing up your IT team for revenue-generating innovation.

How We Can Help

If you’re thinking of making a tech investment, contact us today. We’re available to consult on the best solutions for your business needs. We can also help you reduce capital expenditure using our innovative Hardware-As-A-Service solution.

Our experts can put your plans into practice while you focus on maintaining and growing your business. To get in touch complete the form on our Contact Us page or call 0115 8220200.

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