3 Ways Companies Are Optimizing IT Spend in 2021

Published on May 4, 2021
Photo by George Morina from Pexels

The year 2020 has been a crazy year for all sectors of the economy, particularly the business sector. The global health crisis has pushed businesses to the boundaries. Enterprises had to adapt to some unprecedented challenges.

But, the great thing is that technology has been a shoulder to rely on. Businesses can survive through the crisis in such difficult times with modern tech. As the calendar folds pages, small enterprises are using techas an opportunity. They’re not using it only as a cut but also to optimize tech starks to protect themselves. 

Research shows that COVID-19 is responsible for over 33% of budgetary expenses. Considerable priority shifts enable enterprises to look forward to strengthening their security gaps. 

If you’re a company that’s looking out to make changes in 2021 and optimize its IT spend, here are some ways to do so:

  • Update your Cybersecurity:

COVID-19 is not the only pandemic to shock the world. Another actual virus the world saw in 2020 is the “cyber pandemic.”

Tech giants believe there’s a direct connection between coronavirus and cyber-attack rise. To begin with, more and more people are working from home. Thereby, the internet lets an increase in connecting to coworkers and offices. 

Election fraud and stimulus fraud contribute to attack increase. Thus, it is wise for businesses to make cybersecurity a pivotal part of their business. 

And, why not? It’s about ensuring that your employees take up work amid this global pandemic. 

  • Leveraging End-to-End Cloud Solutions:

Companies are increasing their cloud spend to support their user productivity and cybersecurity. So, why do you want to miss this intelligent move? It’s time to start implementing cloud technology. 

Over 35% of organizations speed up their workload migrations to the cloud. 

Cloud collaboration swears to help businesses of all sizes. They can organize projects and streamline operations while working hand-in-hand as a team. Cloud technology has diverse options. Thus, it is easy to take advantage of an IT support company for a solution that fits your needs and budgets. 

Businesses offload IT operations to a service provider in 2021. These are better known as a Managed Service Provider (MSP). 

The MSP company assumes the ongoing responsibility of monitoring and managing IT systems. Thus, the managed service spend is increasing in:

  1. Managed hosting
  2. Hardware support
  3. Data storage and backup
  4. Managed remote security
  • Employee Experience Investments:

64% of companies shifted to remote work last year. And, almost half of them wish to keep the flexibility post-pandemic, a resource adds. 

The change in employee ideology came as a boom in IT infrastructure. Communication tools, remote security solutions, and virtualization services are some. Businesses are transforming digitally. Thus, the user experience finds an important place-all thanks to IT initiatives. 

The Verdict- Optimizing your Business in 2021

With 2020 finally over, 2021 is a great time to make intelligent moves. Yes, for optimizing your business and working towards a vivid future. Securing a dependable supply chain to using cloud infrastructure are some. Unleash the benefits of these moves as these contribute to your company. 

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