According to a study by Computerweekly.com, IT spending by enterprises is set to increase by 3.3% in 2015, the highest growth seen for five years.
This growth is partly being driven by employees, who expect their technology at work to be as user friendly as the consumer technology they have access to at home. The other driving factor for this growth is business leaders wishing to invest in technology in order to streamline or grow their existing revenue streams.
Keeping up with consumer technology
In the current age of quickly evolving technology it is more vital than ever to ensure your business technology is cutting edge in order to keep up with your competition and also to meet the expectations, or even needs, of your employees. The average person now has access to the latest technology at home and has adapted to the many conveniences and time savers that it offers. Coming in to work and having to use systems that are archaic and less versatile can be quite a disconnect, and can lower motivation and productivity.
Computer Weekly also reports that much of the increased spending has been on Cloud services. The reasons for this are that Cloud Computing allows for greater flexibility, better utilisation of resources, and it has many advantages that can provide productivity boosts to employee - such as greater remote working, communication and collaboration.
According to Forbes.com, 2015 will see IT take an increasingly important role in growing revenue and profitability, enhancing competitiveness and getting to know customers.
Investing in IT drives business growth
Old technology hampers productivity. IT that slows down business processes should be upgraded in order to protect revenue by maximising productivity. Even if only 10 minutes a day is saved, that adds up to 5 and a half days a year. How much difference would it make to your revenue or customer satisfaction if you could get an extra 5 and a half days of work out of every employee?
Investing in technology can also significantly reduce risk for businesses. Sophisticated backup and disaster recovery solutions are now available, and they are far more secure and effective than traditional tape back-up methods. Older IT systems are also at greater risk from failure and also from cyber attack.
Are you looking to increase productivity or reduce risk?
If you're looking to increase productivity in your organisation, download our guide which contains productivity tips and tricks for business owners!
Alternatively, if you're looking to reduce risk, we also have a guide that will explain the process of creating a business continuity plan - a vital document that no business should be without.