Where Are You On Your 2020 Technology Plan?

Here Are A Few Tips To Help With Your 2020 Technology Plan

Every successful business has one thing in common: strategy.

This is precisely what a recent study by Wakefield Research is all about – they surveyed 250 business “decision-makers” at companies that have an annual revenue of $5 million – $50 million to find out exactly what IT means to them…

  • 93% of surveyed businesses recognize that IT is strategically and operationally critical.
  • Surveyed businesses said they would rather lose half their annual revenue than lose half their data.

Despite this, these businesses aren’t investing in or planning effectively for their technology needs:

  • 66% find that the amount they’re budgeting towards IT isn’t enough to keep up with what they need from it.
  • 77% of companies with less than 100 employees have found that their investments in IT is too limited and as a result a limiting factor to the company’s growth
  • A third of those surveyed said that less than 10% of their strategic planning thought process concerned IT, but most will say it is an enabler

All of this goes to show that your technology and its plan cannot be overlooked. Everyone knows that IT is important and that planning the future of their IT requirements is a necessary undertaking – But few do it, what are you doing about it?

What Should Your 2020 Technology Plan Achieve?

  1. Technology plans help bring your business plan, marketing strategies, sales targets and everything else together. Technology is at the core of all of it.
  2. Technology plans help organizations understand strengths and weaknesses via workflows.
  3. Technology plans shine a light on where you need to add more resources, and what resources can be reallocated into other departments.

Are You Planning For Cybersecurity In 2020?

In today’s competitive business environment, businesses must rely on technology in order to compete, attract talent, and survive in the marketplace – all of which must be secure.

There are a number of reasons why IT security should be top of mind going into 2020:

  • Advancing cyber threats: Techniques employed by cybercriminals are improving and your security strategies must meet that challenge.
  • Compliance: Industries are starting to adopt security standards such as NIST 800-171 which require a considerable investment to maintain. Many industries are setting a minimum levels of acceptable cybersecurity practices before they will partner and do business with you.
  • Insurance Costs: Cyber insurance is becoming standard in many businesses. Most insurers have a lengthy qualification form that evaluates your security posture. Your premium (or even eligibility) may depend on how well you are protected as well as you actually do what you say you are doing. At the time of a claim, the insurance company will verify you are doing what you say you are doing. If you are not doing what you say you are doing the moneys your spending on the insurance is a waste, and most likely they will deny your claim, and might even counter sue your company.

With IT shifting from just another piece of equipment in the office to the core of operations and a key aspect of how you defend your business, you should designate it as a central part of your budget because it is a business enabler.

This also means that you must assess and clearly define how IT aligns with your business objectives to decide what you’ll need for the coming year(s). Proper IT budgeting will help you lay a foundation for success for the future.

Using the right IT solutions can help you:

  • Save you money
  • Increase your operational effectiveness
  • Ensure optimal productivity from your employees
  • Overcome operational challenges
  • And, most importantly, stay protected by reducing risk

Will You Harness The Cloud In 2020?

Everything we’ve explained about a technology plan so far may make sense, but that’s just in theory. You want to know what a technology plan will look like in action, right?

Let’s consider an example, then: how will a well-developed technology plan support your use of the cloud, as in Cloud First and everything is Mobile Ready.

Let’s assume you’re relying on outdated and ineffective line of business software on that old server in the corner. As dependable as it may be (and let’s be honest, everyone’s mileage will vary) software like this has a core flaw – it only works for those who are fluent in it, you can find someone to support it, and as long as the server hardware is operational. Lots of assumptions and risk in this scenario.

You may know about the cloud, and you may want to use it for your work. But doing so without the right expertise can make the migration a tedious/challenging process at best, the ongoing management can be a monumental task, it comes with downtime as well as an increasing amount of risk. For these reasons alone, many businesses find it difficult to keep the legacy hardware and applications up and running when they could have the latest advances in technology immediately available.

The cloud has transformed operations, marketing, sales, accounting and other areas inside organizations. Companies are moving to the cloud at record speed because it works, and they can extend where they can do their business. Traditional on-premise server deployments have essentially come to a screeching halt as the benefits of the cloud are being realized.

If you don’t have a technology plan, you’re left with no clear and effective way to migrate to the cloud and your company will be left behind

Plan For 2020 With Where To Start, Inc.

All of this goes to show why you need to make an effort to understand how technology can affect positive change in the work that you do, and to have a plan that reflects that understanding.

Our team can help – we have the experience and expertise to help you develop a Technology Plan for 2020 that we promise we will achieve the following:

  • Save Your Money: We’ll identify opportunities to eliminate waste and improve processes, saving you time and money along the way.
  • Make You More Money: We’ll show you ways to put the right technology to work for you in 2020, bringing new clients and improving your service quality for those you already have.
  • Reduce Your Risk: We’ll recommend technology, cybersecurity technique’s and best practices that will mitigate a wide range of risks and cyber threats facing you and your business today.

Don’t “fly by the seat of your pants” when it comes to your technology in 2020. Put a plan together now to help you maximize cost effect and minimize negative outcomes in the new year.

Like this article? Check out the following blogs to learn more:

11 Ways You Can Benefit From Assisted IT Services

Managed IT Helps Your Bottom Line: 6 Ways How

5 Ways Managed IT Services Is the Right Choice for Your Business