One of the Biggest Mistakes a Company Can Make Is Failure to Include Technology as Part of its Overall Business Strategy

Scott Starost • Dec 12, 2016

If there’s one thing that’s certain, it’s the fact that technology continues to improve every day and provides more than just an edge up over your competition. If you think about it, people who lived a century ago would look around and find this world unrecognizable. If you aren’t including technology in your business strategy, the world will soon be unrecognizable to you, too.

You’ll Work Harder

Technology can do a lot for your business. It can keep things organized. It can keep track of the number of hours your employees worked, and it can even finish payroll on its own. It can help you and your team better manage products, keep track of client information, and process online orders. If you think about it, failing to include technology in your business plan means you’ll end up working that much harder in the long run. The better the technology you choose to include, the more time you can spend where it counts – managing your company and your team.

You’ll Make More Mistakes

You are only human, and that means you’ll make mistakes. However, in some cases, a mistake can cost you a small fortune. For example, if your employee’s paycheck isn’t deposited on time because you entered the wrong numbers, you’re going to have an angry employee on your hands. What’s more, if you accidentally add an extra zero to a vendor invoice, that vendor won’t be happy with you. Not only will you have to repair your relationships with these people, but you’ll also have to spend some extra time resolving the mistakes. This is another reason why it’s a huge mistake to forego technology as part of your business strategy.

Your Clients and Customers Will Go Elsewhere

It’s not so much that people want technology; these days, they’ve come to expect it. If your company can’t keep up with the digital age, but your competitor can, your clients and customers will inevitably turn their backs and move forward. For example, if you have yet to launch a mobile app that allows your customers to buy products (or any action that suits your business) but all your competitors have, your customer base won’t wait long until they move on to the company that provides them with more convenience.

Your Strategy Might Fail

Typically, business owners and advisers create strategies that look three to five years into the future. This was always a standard way to assess the future needs of a company – until now. These days, both businesses and their clients or customers rely on technology for a variety of things, from completing transactions to completing orders and even contacting customer service. If you’re not considering the technologies used to do these things and you’re still planning a strategy for three to five years in advance, you’re not doing your company any favors. Meet with your IT team, talk about the technologies that are available, and find out where you want to be in a year given that information.

Failing to include technology in your business strategy can ultimately be the demise of your company. People want and expect technology, and it’s necessary for making your company run as smoothly as possible. Each time you think about your goals, make sure you’re thinking about the impacts of technology, too.

Fort Wayne Indiana downtown
05 Jan, 2024
In an era where digital transformation is at its peak, businesses are increasingly vulnerable to cyber threats in Fort Wayne, Indiana. With cybercriminals becoming more sophisticated, local companies must avoid these threats to safeguard their digital assets. As cybersecurity experts, SDTEK is dedicated to helping Fort Wayne businesses fortify their defenses against these ever-evolving threats. Understanding the Cyber Threat Landscape in Fort Wayne Like many thriving urban areas, Fort Wayne is home to a diverse range of businesses. The variety of enterprises here makes the city a vibrant economic hub, from bustling tech startups to established manufacturing companies. However, this diversity also makes the area a target for cybercriminals. The most common threats include phishing attacks, ransomware, data breaches, and malware. Small and medium-sized businesses (SMBs) are particularly vulnerable, often due to limited IT security resources. Recognizing these threats is the first step in building an effective defense strategy. Why Cybersecurity Matters More Than Ever for Local Businesses The consequences of cyber attacks can be devastating. They can lead to financial loss, damage to reputation, and legal implications if customer data is compromised. In today's interconnected world, the fallout from a security breach can extend far beyond the immediate damage, impacting customer trust and business continuity. Tailored Cybersecurity Strategies for Fort Wayne Businesses At SDTEK, we understand that there is no one-size-fits-all solution to cybersecurity. This is why we offer customized security strategies that cater to the specific needs of Fort Wayne businesses. Our approach includes: Risk Assessment: Evaluate your business's particular risks, considering factors unique to your industry and operational model. Employee Training: Empowering your staff with knowledge and best practices to recognize and prevent potential cyber threats. Implementing Robust Security Measures: This includes firewalls, anti-virus software, and secure Wi-Fi networks tailored to your business's specific needs. Regular Monitoring and Updates: Continuously monitor for threats and keep your security systems up-to-date to combat new and emerging threats. Best Practices for Cyber Hygiene In addition to tailored strategies, there are general best practices that every business in Fort Wayne can implement: Regularly update software and systems to patch vulnerabilities. Use strong, unique passwords and consider multi-factor authentication. Regularly back up data and store it securely. Establish a clear policy for handling sensitive data. Collaboration and Continuous Learning Cybersecurity is not a one-time effort but a continuous process. Collaboration between businesses and cybersecurity experts like SDTEK is crucial. We encourage Fort Wayne businesses to engage in local cybersecurity forums and workshops to stay informed about the latest threats and defenses. Conclusion In Fort Wayne, staying ahead of cyber threats is essential for the longevity and success of your business. By understanding the risks, implementing tailored strategies, and practicing good cyber hygiene, local businesses can significantly reduce their vulnerability to cyber-attacks. At SDTEK, we are committed to partnering with you in this journey, providing the expertise and support you need to protect your digital assets and thrive in a digital-first world. For more insights and assistance on cybersecurity solutions tailored for your Fort Wayne business, contact SDTEK . Your digital safety is our priority.
06 Dec, 2023
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