Finding a way to compete in the modern business marketplace can be extremely difficult. Businesses that refuse to change with the times and embrace technology will lose their competitive edge. Some business owners hesitate to change the technology they have in place due to fear of the unknown.

While undergoing a digital transformation seems intimidating, it is worth the time and energy you invest. The best way to have success with a business technology update is by working with seasoned IT professionals. These professionals will be able to consider your company’s needs and use this information to help find and implement the right technology.

Read below to find out more about the most common technology problems modern business owners have to deal with.

tech problems of modern business

Problem 1 – Updating Data and Network Security Solutions

Businesses in the United States lose over $400 billion each year due to data hacks. Every time you turn on the news it seems like there is another story about sensitive information being stolen from a major corporation. Some small business owners think that these cyber-crimes only happen to large corporations, but this is not the case at all.

Thousands of small businesses are hacked each year, which is why keeping data and network security solutions updated is so important. Investing in things like network monitoring is a great way to detect cyber-threats early on. The earlier you can detect these threats, the easier it will be to avoid tech-induced downtime.

Problem 2 – Establishing Data Backups

Most business owners abide by the “it will never happen to me” philosophy when it comes to tech disasters. Instead of waiting until one of these disasters strikes, you need to take preventative measures. If your network is compromised, then all of the data contained in it will be lost.

The only way to ensure this does not happen is by establishing a backup for your data. Cooperating with a dedicated development team will help you set up and maintain this essential piece of tech with ease. Having a backup in place will help you weather ransomware attacks, natural disasters and a host of other problems. This is why investing money into a quality cloud-based backup is so important.

Problem 3 – Using Outdated Software Is a Horrible Idea

Legacy software and apps can become extremely outdated over time. Working with outdated software will not only lead to slow computing times, but it can also create massive security holes for hackers to use. Most business owners fight change because they know implementing new software means they have to extensively train their staff on how to use it.

While this may be true, training is essential when trying to minimize confusion and maximize productivity. Working with cloud-based software is usually the best option for a growing business. Not only does this type of software update automatically, but it is also very easy to scale. Embracing the power and convenience of modern technology can help your business stay on an upward trajectory.

Problem 4 – Poor IT Planning

No business ever became successful by making decisions based on emotion. In order to have a successful business, you have to plan out every move you make in detail. This is especially true when it comes to the technology your business is going to use.

With a detailed IT plan, you can prepare for the future with ease. Allowing professionals to help during the construction of this plan is vital if you want to avoid mistakes.

Changes in Technology Take Time

As you begin to upgrade the technology your business uses, you will need to be patient. These changes take time and rushing into them can lead to mistakes. First thing you should do is find a reliable IT vendor that has extensive experience in your business domain and industry. You may use outsourcing services as well, and here is a comprehensive guide to outsourcing