Businesses existed even before computers, fax machines, copiers, and other techs existed. But can you imagine what it will be like for an entrepreneur who wants to start a business without using tech? It will be a tough route to drive. This shows how important it is for any business to rely on tech.
Now that your business growth and innovation depend on how smart your techs are, isn’t it important to see if they are working up to date? Look around your workplace. Are you still using a range of extravagant outdated desktop computers or monitors meant to be abandoned in the late nineties?
If you answer yes, it is time to upgrade your tech. Upgrading your hardware can enhance your workplace productivity in many ways. Periodic upgrading techs will also deter you from investing in new technology simultaneously. A common argument companies use for delaying tech upgrades is waiting for a good deal on cutting-edge tech.
This article will teach us everything about upgrading your tech, when, and its benefits.
- Cases when you know you need to upgrade your tech
- Case 1. You are spending an interim repair cost equal to purchasing new hardware
- Case 2: Your slow-working devices are hampering workplace productivity
- Case 3: The security of your system is at risk
- Case 4: You fear running new programs and innovations on your device
- Benefits of Upgrading Your Tech
- 1. Data security
- 2. Boost productivity
- 3. Stay relevant
- 4. Savings on expenses
Cases when you know you need to upgrade your tech
The needs of each company are unique. Yet, these four indicators show that your tech needs an upgrade now.
Case 1. You are spending an interim repair cost equal to purchasing new hardware
It is very easy to estimate how much it can cost to buy a new device. But you may never realize that you spend nearly an equal amount of interim fixes on your devices.
This happens to you when you ignore the periodic upgrading of your techs.
Thus, to be sure whether you need to upgrade your techs or buy a new one, consider the total cost of ownership. One part of TCO is buying a monitor system. Other factors of TCO are technical support, maintenance, and labor costs.
Based on the analysis of one consulting firm, aftermarket charges account for the remaining 80% of the total cost of ownership (TCO) when it comes to new technology purchases.
Thus, to avoid such expenses, you must draft a transparent and clear accounting of TCO. You can keep finding innovative ideas such as sell older iPhones and clearing the cost of a new iPhone purchase.
Case 2: Your slow-working devices are hampering workplace productivity
When the speed of your tech gets down, so does your productivity. For instance, you start your workstation monitor, which takes over two minutes. Then, each worker loses about 300 minutes of productivity annually. It also adds to the extra seconds an antiquated device needs to download and upload data. System crash-related downtime, in particular, may be very expensive for enterprises.
According to a 2014 study, these disruptions can cost up to $5,000 per minute and $300,000 per hour.
Case 3: The security of your system is at risk
Technology is the reality of today. So are the cyberattacks and data branchings. Companies are relying on technology more. The IT and security workers may face more security breach risks. They need to connect multiple devices and keep track of any additional devices on their network. In such cases, if any on your device or network crashes, it becomes daunting to keep track. This can lead to various issues like inappropriate access to sensitive data.
For example, IBM recently discovered that the average cost to repair a breach is less than $4 million. It needs no mention that it harms a business’s reputation.
Case 4: You fear running new programs and innovations on your device
If you own a developer or software company, you must always be open to new possibilities for business. But do you feel pressure when such opportunities come because of your poor-working device?
You shouldn’t employ the same outdated tech just because you can get by. Consider all the costs and benefits of your IT before making any decisions. Don’t let the exorbitant expense of new technology deceive you into ignoring the upkeep costs of outdated equipment.
Benefits of Upgrading Your Tech
Multiple benefits come with upgrading the tech of the workplace.
1. Data security
Upgrading your apps and devices in a timely will provide your data security. Doing this will safeguard your company for years and increase employee productivity and outcomes.
2. Boost productivity
Using outdated tech and slow-working software is not the worst thing that can happen to your organization. But when it starts hampering your and your worker’s productivity, it can cause problems also. Upgrading your tech will motivate your employees to show their A-game and bring the utmost productivity.
3. Stay relevant
Upgrading your teaching makes your work relevant. For example, if you work in the food sector, you must adopt techs that will enable you to make more environmentally friendly and sustainable goods. Similarly, you must constantly update your software if you work in the IT industry.
4. Savings on expenses
As we have already mentioned, interim maintenance can cause you huge losses. Thus, to avoid that, you can keep track of upgrading your tech and save money.
Determining the time to upgrade your tech is one crucial decision. It demands a careful balance between necessity, cost, and strategic alignment with future goals. You need to look for the time and signs that indicate the need for an upgrade, look for influencing factors, and make informed decisions.