Skip to main content

How Much Is "Information Technology Debt" Hurting Your Bottom-Line?

Information Technology (IT) debt is basically the cost of maintenance needed to bring all applications up to date.
Shockingly, global "Information Technology (IT) debt" will reach $500 billion this year and could rise to $1 trillion by 2015!
But why should you take IT debt seriously and begin to take steps to eliminate this issue from your business?
According to Gartner, the world's leading information technology research and advisory company...
It will cost businesses world-wide 500 billion dollars to "clear the backlog of maintenance" and reach a fully supported current technology environment.
Gartner summarizes the problem best:
"The IT management team is simply never aware of the time scale of the problem.This problem, hidden from sight, is getting bigger every year and more difficult to deal with every year."
The true danger is that systems get out of date which leads to all kinds of costly software and hardware inefficiencies.
Your tech support provider can most likely do a better job at staying current with your computer and network environment.
Have them start today by documenting the following:
  • The number of applications in use
  • The number purchased
  • The number failed
  • The current and projected costs of both operating and improving their reliability
Are you using this powerful formula to control your technology?
There's a powerful formula I'll share with you in a moment that will help you adopt new technology faster in your business.
In business, technology encompasses Information Technology (IT), Phone Systems and Web Development.
These three layers of technology form the backbone of your business's technology environment. Why is technology adoption so important?
Without new technology adoption it's impossible for businesses to be competitive in this economy. A major role of technology is to help businesses scale, design systems, and automate processes.
Studies recently have shown that adopting technology keeps businesses leaner because entrepreneurs can do more with less.
There's evidence that new business start-ups are doing so with nearly half as many workers as they did a decade ago.
For example, Wall Street Journal's Angus Loten reported that today's start-ups are now being launched with an average of 4.9 employees.
Down from 7.5 in the 1990s, according to the Ewing Marion Kauffman Foundation, a Kansas City Research group.
In other words, technology allows businesses to expand quickly with less.
Researchers at Brandeirs University found that technology driven service businesses added jobs at a rate of 5.1% from 2001 to 2009; while employment overall dwindled by.5%.
These businesses save money, expand, and create jobs by adopting new technologies.
Are you adopting new technologies fast in your business?
Speed of technology adoption is critical to your business success.
Technology is changing the speed of business; now a whole industry might expand, mature, and die in months... not years.
There's one formula that illustrates this marriage between adopting technology and business success the best... and that's the "Optimal Technology Equation."
I recommend you adopt this powerful "Optimal Technology Equation" in your business:
• Maintenance + Planning + Innovation (Adoption)=
• Enhanced Technology Capabilities=
• Reduced Costs + Increased Production=
• Increased Profitability.
Of course, this is only a brief explanation of this invaluable formula. Be one step ahead of the competition.
Eric Dahl is a business and technology consultant residing in Eugene, Oregon. Eric's mission is to help Oregon businesses profit from their technology including Information, Phone and Web technologies. Eric's clients reduce their IT costs by 42.5%. Find out more when you download the free 16 page Tech Support Insider's Guide at [http://www.techsupportinsider.com].

Comments

  1. essay writing service australiaJune 7, 2017 at 7:05 AM

    Information technology is more essential for us to developed our knowledge in the education. There are more people are enjoy this education and they want more discover in the science field.

    ReplyDelete

Post a Comment

Popular posts from this blog

Do You Know How to Be an Engaging and Highly Effective Educator?

Anyone can teach. We teach each other every day. For example, we give instructions to each other for such things as cooking, putting together furniture, and completing household other tasks. However, teaching someone is different than the process of educating someone. Consider the difference between informal learning and formal learning. An example of informal learning would be following a recipe to learn how to cook. In contrast, formal learning occurs within a classroom and usually is accompanied by evaluation and assessment. It may seem that teaching and educating are the same thing; however, the difference has to do with the place or context for learning. This is the same distinction can be made for teaching informally (giving instructions) and teaching students in a formal classroom environment. A person enters the field of education as a profession - either full time in traditional academic institutions or as an adjunct (or part time) instructor. The reasons vary for why some...
7 comments
Read more

Understanding Science - Its Application in Daily Life

Science is derived from the Latin term 'scientia', which means 'knowledge.' It is a systematic explanation of every element present in the universe. To understand the subject, you simply have to look around you. Everything you see, whether it is your computer screen, a pen, papers, your pet, the sun, or other things are all elements of science. Science covers everything from the smallest particle in an atom present in the circuits of your computer, to the complicated electrical fluctuations and chemical interactions within our bodies that enable us to read and perform other normal activities. The Characteristics of Science Science helps in answering questions in a simple and logical manner. It can also lead to advancements in technology, and help us improve our knowledge on enormously useful and important topics, like the environment, natural hazards, our health, and others. Science is the reason for the developments in the modern world, and scientists across the ...
1 comment
Read more

Special Education Teaching Jobs

Those in special education teaching jobs work with students who have needs that can't be met in a regular classroom. Some students may have autism or intellectual or emotional challenges, prevent them from reaching their potential without the assistance of a specially trained teacher. In some cases, students may be blind or deaf but still need to learn basic life skills such as cooking, shopping or buying a home. This teachers can adjust classroom lessons to meet the requirements of a wide variety of students who face learning challenges. Jobs in special education teaching include working one on one with severely handicapped students, being part of a team at a deaf school or hospital, using music therapy. Some spend all their time in administrative positions or helping to educate or mentor other education teaches. Although most of those in jobs in education teaching work with students who only have minor disabilities, others have additional training so they can work with childre...
1 comment
Read more