Why Creating an IT Budget Plan Each Year is Vital for Business Success

December is a time when business leaders plan. They plan their goals for the next year, plan their revenue targets and plan for expenditures.

Because nearly every company is a technology company, budgeting for technology initiatives and hardware and software replacements is crucial to positioning your business up for success.

Consider End Points First

As we continue to battle COVID-19 by working from home or elsewhere, our endpoints are likely to take more abuse than usual and our networks are being stretched beyond their expected perimeters.

Keeping laptops, mobile devices and tablets refreshed and updated is a key to positive employee morale and high levels of productivity.

Colleagues will feel a sense of pride, confidence and importance when they are able to continuously and consistently rely on the technology assigned to them by their company. Plus, being able to work anywhere means better productivity. Period.

Comprehensive Security is a Must

As the global pandemic sent hundreds or thousands of workers to makeshift home offices, networks expanded and security was — in some cases — sacrificed for agility and universal remote access.

Enter cyber bad guys.

This year has been a record year for every type of cybercrime: malware, advanced malware, spoofing, phishing, data breaches and island hopping.

In order to stay secure, companies must employ a comprehensive, layered approach from the on-premise storage units to their cloud presence to the end-user devices.

Spending on cybersecurity will provide your company with added layers of protection for your employees, your customers and your trade secrets. This year alone, more than $125 billion will be spent on IT security, according to Statistica.

Spending wisely is essential because your company could be secure today and not tomorrow.

Consider the Cloud

As servers age, consider off-premise hosting in the cloud.

For most businesses, it makes sense financially as the costs are fixed monthly with maintenance baked in. Not only is access improved, but companies can make serious security gains by partnering with the right cloud provider.

Before you replace any on-premise equipment, be sure to consider your cloud hosting options. Chances are it will make sense financially, and it may boost your compliance posture as well. Cloud hosting options are endless, so be sure to seek advice on migration, cost containment and accessibility.

Get the Right Advice as You Plan for 2021

Fuelled Networks is here to help. As a top-rated IT company in Ottawa, we have seen it all. No matter how far behind (or ahead!) you may be, reach out to us for a review.

We’ll catalog the assets you have, test them for quality and work with you to build a roadmap for the future. You can look forward to new equipment, proactive replacement schedules and technology that works with you, not against you.

Give us a call at 613-828-1384 or send us an email today.

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