There is no set timeline for upgrading your SWFL business technology equipment and the right time to upgrade depends on the size of the business and nature of work. Another critical factor to consider is which tech equipment you should be investing in; this will mainly depend on the uniqueness of each business. However, the following are some signs that owners of SWFL businesses should use to detect their tech equipment is outdated and it’s time to upgrade.
Your SWFL business is growing
When your company is rapidly growing, it often requires immediate changes, and technology equipment is mainly one of them. As you bring in new employees, develop new departments or even add more store locations, you will need technology that scales up your business. Do not rush to purchase new equipment or doing a complete overhaul. You first need to thoroughly assess your current technology equipment and plan out how it can fulfil your future business objectives. Then, start with a small initial investment and then scale up at your pace. Business growth often comes with high capital expenditure, which is why your technology upgrade needs to be as economical and worthwhile. You should also have a definite budget to help you purchase only the business technology you strictly require.
The average lifespan of most technology equipment either hardware or software ranges from five to ten years depending on its use. If your system is older than ten years, it’s usual for it to take more time to boot in the morning, and potential extra reboots throughout the day. Outdated technology causes slow operations since the downtime can spread across several employees. Sudden system failures or shutdowns can result in loss of critical data that interrupts day to day business. The dangers of outdated technology can cause low production hence losses for the business. If you are experiencing, hanging apps, slow response times and sudden shutdowns it is time for an upgrade.
Attract and Engage Mobile Users
Nowadays, consumers rarely visit physical stores to purchase what they need. Mobile technology has changed the way people shop. More online shoppers use their mobile devices to search for products and services they need. Mobile technology has made easy for shoppers to buy at any time and from anywhere. For this convenience, it requires SWFL businesses to upgrade their technology for mobile use through which customers and potential clients can access their business.
More employees working remotely
Remote work is becoming increasingly popular for many employees, particularly millennials. This is the right time for SWFL businesses to invest in high technology software which is vital for remote-only employees as it provides a smooth team communication. Technology equipment that is up-to-date is critical to employees working remotely as the tools and information they require can immediately be accessible. Your remote workforce can also save their data into cloud storage, that way their work is available from any device they use. This is specifically helpful as cloud services allow employees to access information regardless of their physical location, thus making resources available in an instant