Information Technology (IT), debt refers to the maintenance costs required to keep all applications current.
Surprisingly, the global “Information Technology (IT), debt” could reach $500 billion in this year alone and rise to $1 trillion by 2015.
Why should IT debt be taken seriously?
Gartner is the world’s most respected information technology advisory and research company.
Businesses around the world will spend 500 billion dollars to clear their backlog and achieve fully supported technology environments.
Gartner sums up the problem well:
“The IT team is not aware of the scale of the problem. It is becoming more and more difficult to solve every year.”
The real danger is when systems become out of date, which can lead to costly software and hardware inefficiencies.
Your tech support provider will most likely be more adept at keeping up with your computer’s and network environment.
Let them begin today by documenting:
The number of applications available
The number of units purchased
The number was not reached
Current and future costs for both operating and improving reliability
Do you use this powerful formula for controlling your technology?
Here’s a powerful formula that I will share with you to help you adopt new technology in your business faster.
Technology is a broad term that includes Information Technology (IT), Phone Systems, and Web Development.
These three layers form the backbone for your business’s technology environment. Why is technology adoption so important
Businesses can’t be competitive without new technology adoption. Technology plays a major role in helping businesses scale, automate and design systems.
Recent studies have shown that technology adoption helps businesses stay leaner, as entrepreneurs are able to do more with less.
Evidence shows that new businesses are starting with half the number of workers they had a decade ago.
Wall Street Journal’s Angus Loten reports that start-ups today have an average of 4.9 employees.
According to the Ewing Marion Kauffman Foundation (a Kansas City Research group), it has fallen from 7.5 in 1990.
Technology allows companies to grow quickly and with less.
Brandeirs University researchers found that technology-driven service businesses created 5.1% more jobs between 2001 and 2009, while overall employment fell by.5%.
This helps businesses to save money, grow, and create new jobs through the adoption of new technologies.
Are your company embracing new technologies quickly?
Your business’s success depends on the speed of technology adoption.
Technology is changing how fast businesses can grow and mature.
The “Optimal Technology Equiation” is the best example of this marriage between technology adoption and business success.
This powerful “Optimal Technology Equation”, I highly recommend, should you implement it in your business.
* Maintenance + Planning + Innovation (Adoption).
* Enhanced Technology Capabilities =
* Lower Production Costs =
* Higher Profitability
This is a very brief explanation of the formula. Keep one step ahead of your competitors.