How to Reduce Your IT Spending

Organizations will spend more than $3.5 trillion on IT in 2016. By 2020 that number will be even higher. Even with economic slowdowns, Brexit, and other events impacting IT spending, most organizations are being forced to spend more than ever to keep up with security, infrastructure, and the race to the cloud.

So how do you remain globally competitive while still reducing your IT spending? Take these four steps to save money while also increasing the efficiency and security of your IT infrastructure:

Implement server virtualization. Gartner predicts that server workloads will be 86-percent virtualized by the end of 2016. While any business can benefit from virtualization, small and mid-size companies with smaller IT budgets or no in-house IT departments can realize tremendous savings from server virtualization. How? Less hardware means:

  • Lower lease or capital investment costs
  • Energy savings
  • Leased space cost savings

Infrastructure updates. It might seem counterintuitive to invest in new equipment to save money, but the cost savings from reduced downtime and maintenance expenses must be considered. If you have outdated equipment or software, you not only run the risk of downtime impacting your ability to serve your customers, but you may also realize a much higher risk of a security breach as well. Better infrastructure allows you to:

  • Provide a better customer experience
  • Reduce overall IT expenditures for the long-term
  • Improve security

Consolidate systems. If you haven’t yet done so, for purposes of security and cost savings, it’s time to let go of your legacy systems and consolidate everything into a new, modern platform. A legacy system is any system you still rely on that is outdated and barely held together by patches, is no longer supported by the vendor, or is difficult to maintain or support. Legacy systems are an enormous security risk, so as you consider the cost of consolidating, be sure to consider the cost of not doing so. Consolidating systems will:

  • Reduce risk
  • Reduce downtime
  • Improve efficiency

Make IT predictable. One of the most difficult challenges organizations of any size face is unplanned downtime or unplanned capital investments. Money has to come from somewhere, and often it’s at the expense of customers. Managed services provides your organization with:

  • A predictable and manageable IT cost
  • State-of-the-art security and monitoring
  • Off-site backup and recovery
  • Reduced downtime
  • Enterprise-grade applications and platforms
  • Customizable scalability
  • A monthly expense you can plan around each fiscal year

You can reduce your IT spending and still improve your security, efficiency, productivity, and cost.

The ITeam provides essential IT support to Calgary businesses, with fully managed and customized services designed to meet the needs of virtually any business. The ITeam will work with your Alberta business to customize a cost-effective solution and help you develop a comprehensive IT strategy that will help you survive economically stressful times. Contact us for a free consultation.

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