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Outdated Technology Costs Your Business Money

Is your organization currently losing money due to its reliance on outdated technology? Chances are, the answer is yes. According to a recent Deloitte survey, a staggering 82% of companies fell short of their cost-reduction goals last year, with inefficient technology infrastructure being a major factor.

The 2024 survey of nearly 300 business leaders revealed that outdated technology is the biggest obstacle to improving margins and reducing costs. This same study found that over 50% of respondents indicated that using data and generative AI to enhance margins will be their top priority for 2024.

Why Upgrade Your Technology?

Legacy systems, often over a decade old, become costly to maintain. They’re slower, require frequent updates, and lack modern features, making it hard to compete with tech-savvy rivals in areas like scaling, cloud use, HR, and customer service. Outdated systems also increase the risk of cyber-attacks, as they can’t keep up with evolving threats.

Why Delay Upgrades?

Many hesitate to upgrade due to costs and fears of things breaking or not working as promised. However, maintaining old systems can be more expensive. A 2023 Deloitte study showed CIOs spent 55% of their budgets just on upkeep. While upgrading involves costs like downtime and training, an experienced IT professional can guide you through these challenges, assess your system, and create an upgrade plan to boost efficiency and productivity.

Ready for an Upgrade?

Fill out our form to schedule a FREE consultation and we’ll figure out what needs to be upgraded as well as what we can do to serve you so that you can be in love with your technology!

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