efficiency and technological investment

How Much Outdated Technology Can Cost Your Business

How Much Outdated Technology Can Cost Your Business

Buying all new tech for your business sounds intimidatingly expensive – but it may not be as expensive as sticking with the old tech you already have lying around. Squeezing a few more years out of your old computers isn’t thrifty – it can actually be dangerous. If you’re looking for reasons to justify the costs of a major technology overhaul, you’ll find that there’s no shortage of them. There’s no better way to save money and make your business better than by making the jump to better equipment. It consumes more power Newer tech is designed with environmental concerns in mind. Optimized performance allows newer tech to perform to its highest potential without drawing up as much power. Not only is this great for the planet, it’s also great for your wallet. When you think about long term s... »

Inefficient Processes Are the Biggest Drain on Small Firms

Inefficient Processes Are the Biggest Drain on Small Firms

Inefficient processes are the biggest drain on small business time and have the biggest negative impact on customers and employees, a survey by Planview and Loudhouse has outlined. The report, which featured over 500 businesses, found that 44% of business leaders believe dealing with inefficient processes is their top time-waster, followed by administration (43%), meetings (41%) and a lack of strategic goals (28%). 57% of business owners said ineffective processes had a negative effect on employees and 48% said it had a detrimental impact on customers. Almost all (96%) of the small businesses surveyed said they think technology helps to improve productivity. Companies with tech driven processes were over three times more confident of success than those businesses that weren’t tech-enabled.... »