The latest technological innovations have made it possible for small and midsized businesses (SMBs) to stand on equal footing with the large enterprises that have more funds. Enterprise resource planning systems, cloud computing, mobile devices and unified communication solutions are giving SMBs the tools to handle any challenge, while also spurring innovation.
The reliance on technology is seen when examining the budgets of small businesses. Spiceworks – the online community of IT professionals – released its annual State of SMB IT Spending survey and the results are telling. Compiled from the results of 1,356 IT professionals, the study is held every six months.
According to the survey, IT budgets have reached their highest point. The average budget is $162,000, which is up $10,000 from estimates made six months ago and $54,000 from recorded IT budgets in 2009.
An interesting correlation was also discovered between the size of the business and how much is spent on technology per employee. Companies with less than 20 people on the payroll spend $1,900 on average per worker while larger enterprises with over 250 employees spend $700 per worker.
When it comes to what businesses are spending money on, there are three main categories – hardware, software and IT services. All of these have reached similar spending levels and mobile devices are the fastest growing. Bring-your-own-device (BYOD) policies have many benefits and 70 percent of SMBs announced they will be supporting some form of BYOD initiative going forward.
“With the launch of the original iPad and the swarm of tablets that followed coupled with the huge increase in smartphone usage by the average person, more and more devices are getting into the hands of users, which translates into bigger headaches for IT,” said a Spiceworks user quoted in the report.
IT consulting firms like CTI Technology can help an SMB implement the latest innovative device and stay competitive.
Article on: SMBs using technology to stay competitive
by CTI Technology
An interesting correlation was also discovered between the size of the business and how much is spent on technology per employee.