Finding you're spending more and more on SaaS and that hardware is less of a priority?
SaaS monthly costs too high but Annual costs too much of a burden for the business to take on?
In this blog, we will look at strategies to enable your SaaS rollout without compromising on cash flow. Creating predictability in a volatile world.
The trend over the past five years has seen a gradual decrease in spending on hardware assets and an increased emphasis on software investments.
This can be attributed to some of the below trends and focus areas:
1. Cloud computing
2. SaaS
3. Digital transformations
4. Remote work
5. Cyber Security
Businesses will notice that after they lay out their IT roadmap, in comparison to the previous year’s budget there has been a gradual decrease in spending on hardware assets and an increased emphasis on software investments. This can strain businesses' cash flow and traditional lines of credit, as sourcing funding for software investments can be difficult as there are no tangible assets that can be leveraged as security. Ultimately this can delay necessary investments in technology solutions which can slow down a company's growth and competitive edge.
It is important for businesses to explore economic ways to drive investment in more digital projects.
Extract value from your current IT real estate
When refreshing technology assets, it is also valuable to explore if there is any value left in your retired assets. Factoring this into the solution can make the economics of the new solution more palatable and can be utilized in creative ways to demonstrate value back to the financial decision-makers in your organization.
When refreshing technology assets, it is valuable to also give consideration to the assets that are going to be replaced. Important points to consider are Data Security, Responsible Disposal, and Asset Value Assessment. If there is value left in your retired assets, factor this in to make the economics of the new solution more attractive.
Unlock the Hidden Potential of Your IT Infrastructure! Reach out to us now and discover the untapped value within your current IT real estate.
Plan your IT expenditure
IT investment planning plays a crucial role in the success and competitiveness of businesses in today's digital age. Here are some key reasons highlighting the importance of IT investment planning:
IT investment road mapping is an essential component of IT investment planning. It involves creating a strategic plan that outlines the sequence and timing of technology investments over a specified period, typically 3 to 5 years. It is a crucial step to ensure the success and competitiveness of businesses in today's digital age Here are some key reasons highlighting the importance of IT investment road mapping:
1. Alignment with business strategy (Long Term)
2. Financial Management
3. Resource optimisation
4. Enhanced decision making
5. Stakeholder alignment
6. Agility and flexibility
7. Risk management and mitigation
8. Scalability and future readiness
9. Competitive advantage
10. Redundancy plans for unexpected investments
Work with your MSP to find weak spots today!
End of life
As part of the IT Roadmapping session, it is important to identify your ideal lifecycles for each category of hardware and ensure you have a clearly defined decommissioning process.
Having a clearly defined decommissioning process for retired IT assets is essential for several reasons:
1. Data Security - Ensure data is properly wiped or destroyed according to industry best practices, minimizing the risk of data breaches or unauthorized access. Failure to handle data securely during asset disposal can lead to legal and reputational consequences for businesses.
2. Environmental Responsibility - Improper disposal of IT assets can have significant environmental impacts. Many electronic devices contain hazardous materials that can harm the environment if not disposed of properly. By having a decommissioning process that includes responsible recycling or disposal methods, businesses can minimize their environmental footprint and contribute to sustainability goals.
3. Asset Management and Inventory Control: A clear decommissioning process helps organizations maintain accurate asset inventories and manage their IT infrastructure effectively. It allows for the identification of retired assets, removal from active inventory, and proper documentation of disposal or transfer. This helps prevent confusion, asset loss, or unaccounted-for equipment, ensuring efficient asset tracking and financial management.
4. Cost Optimization - By promptly decommissioning retired assets, businesses can avoid unnecessary maintenance costs, reduce storage requirements, and optimize their IT budget.
5. Risk Mitigation- Retired IT assets that are not decommissioned properly can pose security risks and increase vulnerability to cyberattacks or data breaches. Unmanaged assets may be targeted by unauthorized individuals seeking to extract valuable information or exploit vulnerabilities.
6. Organizational Efficiency: A well-structured decommissioning process promotes organizational efficiency by streamlining asset management workflows.
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