Businesses Are Spending More on IT This Year

Nov 08, 2022

Investing in IT for the future - and the unexpected.

As a business owner or manager, you know how important good IT is. As an experienced west coast group of IT professionals, we know your business can’t function without it.


Your IT isn’t just about computers and data. It’s everything from your phone system to your printers, to where you access your documents.


And that’s without going into the measures you must take to keep your data and infrastructure safe and secure from cyber criminals. 


So, we weren’t surprised by a new forecast from IT research and consultancy firm, Gartner, which predicts businesses will spend more on technology this year. 


In fact, the global IT spend could reach an enormous $4.4 trillion. That’s despite rising inflation, the Russian invasion, and shortages in both chips and IT talent.


We believe there’s been a fundamental shift in the way businesses view their technology. 


Two years ago, at the beginning of the pandemic, companies were forced to take unexpected urgent action to help employees work from home. In many cases that meant a large investment in devices, rapid changes to systems, and the adoption of new technology.


And it’s worked out well for most. Businesses have adapted quickly, and many have embraced the changes on a more permanent basis.


But it’s also made business leaders realize they need to be better prepared to respond to future potential disruption.


According to IDC, a renowned IT consulting firm, the costs of data loss and downtime can severely set back small to mid-sized businesses. Their findings indicate that 80% of small businesses have experienced a downtime event, resulting in an average cost of $137 to $427 per minute of downtime. 


With numbers like that, you can’t be caught unprepared. This is the difference between a flexible and agile business… and one that stumbles at the first hurdle. 


Many businesses no longer see IT as a cost. They embrace it as an investment. They can see the direct correlation between creating robust, safe, and flexible systems – and their teams’ abilities to achieve more.


Owners and managers are also placing more value on excellent, proactive technology support from a trusted partner. 


To not only plan and execute big development projects. But also, to help reduce downtime and ensure systems are secure and running as they should be.


The Trusted San Diego IT Consulting Firm


If you’re reviewing your spend on technology and support, West Coast IT Solutions can help determine which tools your business can benefit from. With a free 60-minute Security scan, our IT professionals can check the current status of your business and identify areas that can be improved so your business runs better – and safer! Reach out to our knowledgeable staff to get started.



Published with permission from Your Tech Updates.


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