When was the last time your company invested in new technology? Was it this year or many years ago? You have a piece of hardware or software that’s beyond its prime and needs replacing. Most small businesses put off investing in new technologies because it still works so why fix it? Outdated technology increases a business’s risk of data breaches. Higher breach risks mean failure to meet HIPAA technology requirements. This can impact a business’s bottom line.
Here are the top 3 hidden risks of running a business on outdated technology that might make you
rethink your reliance on older technologies:
1- Inability to operate with flexibility
Because of the COVID Pandemic, businesses had to switch to remote workforces through 2021. Having the most up-to-date technology in place was crucial to enacting this transformation. Companies that invested in updated technology transitioned with ease. Those that hadn’t needed to upgrade everything before transitioning to remote work. This incurred productivity losses arising from interruptions. Relying on outdated tech is going to put your businesses behind because remote work is here to stay.
2- Failure to Adhere To Compliance Standards Such As HIPAA Technology Requirements
HIPAA technology requires technology to be up to date. Businesses must adhere to specific regulations HIPAA. HIPAA mandates that your technology be well-supported. Failure to meet the specified criteria may result in penalties. Auditors will penalize companies upon their failure to transition from unsupported systems.
3- Decreased productivity
Have buffering animations and thinking screens been lasting longer and longer? Out of date software and applications can cause your systems to slow down. Adding their load times would result in a shocking amount of downtime. Every second your team waits for their computers to load is a second they aren’t doing anything.
Legacy technology is slow. Since it’s unsupported, more maintenance, patches, manual upgrades, and support calls are required. The result? Reduced productivity that negatively impacts both revenues and Returns on investment (ROI). Productive staff gets a lot more done than those who need to use workarounds in their daily technology usage.
A qualified IT support partner will help avoid risks
An IT provider sends alerts each time a device’s health begins to cause potential issues. This allows your organization time to correct any of the risks outlined above. Upgrading out-of-date systems will avoid hazards and boost productivity and security.
To learn how the right IT Support Partner will help you get your technology up to date, contact us today. We will work with you to build a custom solution that works with your budget and business needs.