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Spending on IT and IT Services on the Rise: How can you keep costs down?

By:Christine Fettinger

Feel like your business is spending more and more on your technology? You are not alone – research firm Gartner predicts that global IT spending will increase to $3.7 trillion annually in 2013. By 2014 IT spending is predicted to jump to nearly $3.9 trillion.

Spending on IT will not, however, grow uniformly across the board. Spending on IT services like IT consulting services and outsourced IT is expected to maintain a fairly consistent growth rate of about 2 percent a year. At CyberStreams, this tells us something we already know – that managed IT services will continue to be increasingly valuable in controling costs for small and medium sized businesses as technology advances.

One of the most significant predicted increases in technology and IT spending will be in tablet and mobile devices. Tablet sales are expected to grow by an incredible 38.9 percent in 2013, and mobile phone sales are predicted to rise by 9.3 percent.

What does this mean for small and medium sized businesses? Increasingly, mobile devices and technology are going to be the name of the game. As businesses switch to “BYOD” (bring your own device) policies and more portable alternatives to desktops, the way that businesses think about technology will need to change.

One important shift that will occur as the business world becomes mobile will be the need for
managed IT services for mobile devices. Ideally, mobile device management will adjust for the added security risk of having business information on a mobile device.

So, as a small business, how can you take steps to stay ahead of the curve and get the most out of your technology without large increases in spending on IT?

  • Research your options– Each small or medium business is going to have unique IT needs, from managed IT service options, to helpdesk support, to hardware and devices. Because there is no one-size fits all IT solution, be sure to research your options, and choose a service provider that will be able to adapt to your specific needs. This will help you avoid overspending or missing a key piece of technology.

  • Invest in quality services and devices– Sometimes the low cost option does not save you money in the long run. IT consulting services can help you establish the best solution for your company by choosing the right IT to invest in.

  • Consider a fixed rate solution– Traditional IT service contracts are variable – this means if you have a major IT problem you will see a huge increase in costs. Fixed rate service contracts like the kind offered by CyberStreams offer small and medium sized businesses predictable, constant IT costs that they can plan for as their business grows.

Interested in learning more about how your company can get the most out of its technology? Contact a CyberStreams representative today for personalized consulting IT services and solutions!