There are 5 item(s) tagged with the keyword "SMBs".
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Here are some of the reasons why relying on outdated technology can cost your business.
Security: Outdated technology will ultimately result in security vulnerabilities that can be exploited by hackers, putting businesses at risk. Older systems are often unsupported, leaving updated security patches unavailable for them.
Companies of all sizes rely on IT to do business. Unfortunately for small- to medium-sized businesses (SMBs), it’s usually cost-prohibitive to have their own in-house IT team to support this technology. That’s why so many outsource the management of their IT to a third-party provider through Managed IT services. But it’s about much more than money—the benefits of partnering with a Managed IT services provider extend beyond your budget.
For small- to medium-sized businesses (SMBs), building an information technology (IT) infrastructure can be a daunting task. Most SMBs have limited resources and a lack of expertise on-hand to implement the complex and ever-changing technologies that are needed to keep up in today's fast-paced business environments. Fortunately, cloud service offerings are available that can specifically help SMBs accomplish their IT-related goals. Here are a few of the cloud services developed for SMBs to manage your growing business.
IT is a critical component of business, and companies are devoting a large portion of their budgets toward it. This trend is expected to grow as we become increasingly reliant on technology in the workplace. This anticipated growth is not limited to large companies—a new update of the Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts that total IT spending by small- and medium-sized businesses (SMBs) will approach $568 billion during 2017. Moreover, this number will increase by more than $100 billion to exceed $676 billion by 2021. These statistics show that SMBs recognize the value of IT, with hardware, software, and services helping to improve productivity and keep up with the competition.
As cybercrime around the world continues to dominate the news, it becomes increasingly necessary for business owners to evaluate their own data security measures. Although newsworthy cyberattacks tend to focus on big corporations or large-scale attacks, small- and medium-sized businesses (SMBs) are not immune from malicious attacks. In fact, SMBs are frequently targeted by hackers as easy prey. Consider the following reasons why your SMB may be at risk.
Downplaying the Risk – SMBs—often under the false assumption that their company size alone makes them safe from attack—tend not to invest in data security measures. A study by Ponemon Institute found that 58 percent of SMB managers do not consider data breaches in company risk assessments. Moreover, according to the United Nations Office on Drugs and Crime, 65 percent of SMBs have no formal cybersecurity policy in place. This lack of awareness and preparation make SMBs low-hanging fruit for small-scale individual hackers and sophisticated cybercrime rings alike.
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