As the novel coronavirus continues to proliferate across the globe, businesses worldwide are undergoing the ultimate stress test — urgently reexamining disaster recovery and business continuity plans.
Unfortunately, small- and medium-sized businesses (SMBs) are the hardest hit.
With COVID-19 pressuring employees worldwide to work from home, organizations are quickly shifting to a remote work model and refining their emergency protocols. Unfortunately, not all businesses are prepared to adopt flexible work policies. Due to a lack of resources and insufficient knowledge on disaster preparedness, many organizations are left to suffer from the devastating effects of this global pandemic.
Thanks to greater connectedness afforded by technology, small businesses have never had more opportunities available to them than they do today. But they also face fresh challenges in an increasingly crowded market where customers are more demanding than ever.
The case for migrating your business to the cloud is enormous: much lower capital expenses, better service availability, and practically limitless scalability, just to name a few. But it also presents a substantial departure from the old ways of working, and not every business is ready for this new distributed computing model.
While it isn’t getting any easier to thrive as a small business in an increasingly competitive and globalized market, there are now many more opportunities to set you on the right track. The rising demands of customers can make prompt support and easy self-service important selling points.
As the business technology landscape continues to evolve at a breakneck pace, it’s easier than ever to make the wrong choices. That’s the point where technology becomes a hindrance rather than an asset that drives growth.
Every new technology arises in response to an innovation trigger, which may be a supposed need rather than a genuine one.
There aren’t many small businesses that can afford to implement and manage their own IT environments according to the stringent data security and privacy standards demanded of today’s organizations. Not only is it extremely costly to operate an in-house IT department, doing everything alone makes it difficult to tap into new opportunities and scale seamlessly with demand.
With the fourth industrial revolution now in full swing, technology is moving faster than ever. What seemed like the stuff of science fiction just a few years ago is now a reality.
Understanding the key trends shaping the market will help you differentiate between the hype and the real thing that’s here to stay.
Now that online marketing and cloud computing play an integral role in business, having internet bandwidth has never been more important. Sometimes, all it takes for business to come to a grinding halt is a substandard or poorly optimized internet connection.
The future of work is a far cry from the traditional office environment, where people used to be restricted by a lack of connectivity and interoperability. Not one industry sector has escaped the rising tide of digital disruption as businesses leverage new technologies to tap into talent from around the country and beyond.
