Relying on outdated technology can cost your business in more ways than you think.
- Security: Outdated technology will ultimately result in security vulnerabilities that can be exploited by hackers, putting businesses at risk.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. In our previous blog post on three easy ways to be more cyber secure, updating patches was one of the easiest ways!
- Productivity: Whether it is hardware or software, older applications and systems are more likely to fail than their modern counterparts. These failures result in increases in downtime – a bane for any company.
- Money: According to the Samanage State of Workplace Survey, productivity lost due to outdated technology cost American businesses $1.8 TRILLION per year. Outdated technology is also more expensive to maintain, resulting in additional costs over newer devices.
- Reputation: According to Microsoft, 90 percent of consumers say they would take their business elsewhere if an SMB was using outdated technology.
Don’t wait until it’s too late to replace your outdated technology. A technology road map with Fraser can help you plan for your technology expenses for the next one, three and five years, so you have a plan that makes sense for your business.