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Technology BudgetMany companies start their budget this time of year. As you are thinking about strategic investments, consider how you can leverage technology to improve customer service, make your employees more productive, and possibly save money. Here are a few considerations for next year’s technology budget.

Network Upgrade

Your network is the backbone of your technology infrastructure. Growing demand for high bandwidth activities including Communications and Collaboration, Call Center and Cloud Backup all require a bullet-proof network. What’s more, a number of advancements in Software Defined Wide Area Networking (SD-WAN) could save you a bundle. Consider having a network assessment or Telecom Expense Audit to see if you can save on your communications and networking costs next year.

Fixed Priced IT

If you haven’t deployed Managed Services to augment your technology infrastructure, you might consider how you could benefit from this model. By proactively monitoring and managing your infrastructure, your systems will work better and your cost of systems updates and support will be fixed.

Cloud Computing

The economic model of Cloud Computing allows companies to avoid unnecessary capital expense (CapEx) and use operating expense to subscribe to a range of Cloud Services.  Software as a Service (SaaS) provides the latest version of your popular productivity applications, and Infrastructure as a Service (IaaS) offers a consumption model for scalable computing power.

Data Protection

Cyber threat, privacy data breach, human error and natural disasters can put your business at risk. Having a solid data protection plan helps businesses avoid the unnecessary downtime, fines, legal fees, and loss of reputation associated with data loss.

There are many ways to invest in the future of your business. Technology infrastructure is one of them. Consult your technology advisor now to get input on your planning for next year.