You may think that you’re getting a good deal by letting your employees use old technology, but you’re actually costing your business a lot of money. Outdated technology can slow down your employees, make them less productive, and make your business vulnerable to security risks.
Businesses pay an average of $200,000 for each incident of cyberattacks. If you’re still hesitant to make necessary upgrades, we propose that you evaluate the costs of new laptops and/or PCs and networking equipment. Now compare those expenses to the $200,000 figure. You’ll see that replacing your old technology looks quite reasonable when compared to what you’ll save by spending on tech upgrades.
In this article, we’ll discuss the ways that a business suffers when employees are using old computers and other hardware, as well as outdated software.
Your productivity suffers
If your teams are using old computers, hardware, or software, their productivity is likely suffering. Outdated technology can slow them down and make them less productive. For example, a very old PC running on Windows XP may take longer to load programs. This can waste valuable time that your employees could be using to work on tasks. In addition, older computers may not have the processing power to run newer software applications efficiently. This can lead to frustration and lost productivity as your employees wait for programs to load.
Investing in new technology can help improve productivity in your business. For one, newer computers will start up faster and have the processing power to run newer software applications quickly and efficiently. This can save your employees valuable time and help them be more productive. If you need support in looking for the best hardware and software for your business, you can get the help of an IT support services provider that can assist you in IT purchasing.
An IT solutions provider is deeply knowledgeable about hardware and software and has strong connections with tech vendors. What’s more, they can buy both hardware and software for much less money than the retail cost you would pay if you purchased from suppliers yourself.
Moreover, newer computers come equipped with features that can boost productivity, such as larger monitors and built-in wireless networking. And when your company is equipped with high-functioning equipment, you become better positioned to attract and retain top talent. Younger workers are often more comfortable using newer technology and may be less likely to consider a job with a company that is using outdated technology.
Older technology can lead to security risks
Another reason to upgrade your technology is to reduce security risks. Older computers may not have the latest security features and may be more vulnerable to malware and other online threats. In addition, older hardware and software may not be compatible with newer security features, such as two-factor authentication. This makes it easier for hackers to steal and/or corrupt your critical business systems and data. Upgrading to more up-to-date technology might help you avoid these dangers.
Your customers will look for better services elsewhere
Finally, using outdated technology can lead your customers to seek out better services elsewhere. If your employees are using outdated computers, they may not be able to match the level of service offered by your competitors.
For example, if you’re a retail business, your customers may be able to find products more quickly and easily at a competitor’s store that uses newer technology. Or, if you’re a service-based business, your customers may be able to get their needs met more quickly and easily by a competitor that is using better technology. This can result in lost revenue for your business.
Tips for upgrading your technology
If you’re ready to upgrade your technology, there are a few things you should keep in mind. First, consider what type of technology your business needs. Do you need new computers for all of your employees? Or would upgrading your software suffice? Once you know what you need, look into different options and compare prices to make sure you get a cost-effective deal.
You may also want to lease or rent some of your new technology instead of buying it outright to save cash and get the latest technology without having to spend too much money.
