After the ups and downs of the last year and a half, the business world is making its way into 2022 with renewed optimism. Business executives are contemplating strategies to start the year with a strong quarter by adapting to the new normal. Do you have the best technology infrastructure to help you kick off the new year with a bang? If not, let’s consider a technology refresh!
Every company wants to grow, but if you treat your technological foundations as an afterthought, you may be severely limiting your company's potential.
Remember that your IT infrastructure is a critical component of your business’s success. An up-to-date and high-quality IT infrastructure is an asset that allows you to do business without falling victim to cyberthreats and helps you achieve your goals safer and more efficiently.
A technology refresh enables a company to analyze the current state of its IT infrastructure and weigh the merits of trying something better. For a company's long-term success, it's best to review the present IT infrastructure — hardware, software, and other technology solutions — and determine what additional solutions are available that would better suit its individual needs.
The following are the top four reasons to refresh your technology infrastructure coming into 2022:
The threat landscape is constantly evolving. We know this because of the projected increase in the cybersecurity market size from around 217 billion in 2021 to about 240 billion in 2022. If you want to keep cybercriminals out of your business, you must understand where your technology and security measures fall short, leaving you vulnerable.
Some of the threats that small and midsized business’ (SMBs) IT infrastructure must defend against are:
· Targeted ransomware attacks
· Phishing attacks
· Insider threats
· DDoS attacks
Assurance That You’re Meeting Compliance Requirements
Regardless of your industry, you're probably subject to compliance regulations that your company has to follow. If you use outdated technology that no longer receives software patches or is no longer supported, you are going to jeopardize your compliance status. Finding these gaps in your infrastructure as early as possible allows you to close them, avoiding reputational damage and getting into hot water with regulators.
Never take compliance lightly since failure to comply can result in:
· Huge penalties
· Unwelcomed audits
· Criminal charges
· Denial of insurance claims
· Forced closure or even imprisonment
If you don't have an updated backup solution built for the apps and programs of today, you should find one that will work for your business ASAP because you could lose all your critical data in the blink of an eye. If you currently have a backup solution, you should check on it regularly to ensure that it is still functioning as it needs to. If it isn’t working, and your organization wants to access your backups, you’ll find yourself in a tough spot.
In addition, some cyberattacks specifically target backups. As a result, it is critical to review and refresh your backup solution regularly.
Stay Competitive Using Artificial Intelligence (AI) and Other Emerging Technologies
According to Gartner, 33% of technology and service provider organizations intend to invest $1 million or more in AI over the next two years. AI and other emerging technologies are rapidly altering the landscape of practically every industry. If you want to stay ahead of your competitors, you must use the most up-to-date technology that is appropriate for your industry and goals. This could explain why around 60% of small businesses have already invested in these emerging technologies.
A timely technology refresh could act as an energy boost for your company, enabling it to be more resilient when faced with an inconvenient circumstance. Begin your IT infrastructure refresh journey with a partner like Tekie Geek! Knowing that the process is in expert hands will give you peace of mind and allow you to focus on building your business. Get in touch with us today to learn more!