Challenges of Aging Technology for Small Businesses
Many of the companies we have met are very professional and focused on running a well-organized business. Unlike many large enterprises, they often have a clear understanding of what works and where their real risks and challenges lie. However, they face greater pressure to prioritize. Regulations, changing customer requirements, and increasing cyber-security risks hit them hard.
Many were already struggling with:
- Ageing technology
- Viewing their IT solutions as a critical enabler of their business rather than a cost
- Including IT solutions in their business continuity planning
Strategy for Implementing Effective IT Solutions
Given that few companies have the resources to replace their ageing technology entirely, part of the solution can be to introduce new solutions that mitigate risks and improve IT operations. However, this needs to be done correctly. It is not just a strategic exercise but also involves mapping specific elements of the IT landscape, linking them to potential business impacts, and prioritizing the reduction or removal of risks.
When you conduct this exercise, you will have a much more solid platform on which to build new and improved technical solutions. You can invest and achieve ROI without the fear of increasing business risks by linking more of your operations to an insecure platform, which could fail at any moment.
Choosing the Right Partner for IT Solution Implementation
What should you do about it? Our suggestion is to act now. If you lack the resources to do it yourself, find a trusted partner to support you.
If you decide to seek help, ask potential suppliers:
- Have they done it before?
- Do they have effective processes?
- Do they have good customer references?
- Do they understand your business, and can they communicate with all stakeholders, including existing vendors?
After selecting a supplier, the next step is to meet and start scoping and planning the exercise. Get the vendor to write a proposal and provide an estimate. Remember to ask what information and resources they require from you during the exercise. Also, keep in mind that this exercise is about implementation, so don't be swayed by the flashiest slide deck; it often reflects the price more than the quality of the deliverables.
If everything feels right, begin the project. Make sure you have allocated the right resources, that they understand their roles and the project’s goals, and then get the exercise running. Have regular check-ins with the vendor along with your key personnel to ensure progress and alignment.
If you are looking for a reliable partner, contact us at eddi@eddi.lv.
Read more about how IT provides essential support for business processes here.