Analysts project that companies of all types and sizes will invest more than $4 trillion in technology-driven business transformations by the end of this decade. Why? Because business leaders around the world recognize that digital maturity provides the foundation for an organization’s
resilience,
agility and
competitive viability.
And what contributions do small- to medium-sized businesses (SMBs) make to this global trend? Big ones—especially in the U.S. where more than 33 million SMBs employ nearly 62 million people. The Small Business Administration estimates nine of 10 U.S. companies qualify as “small,” and studies show SMBs increasing their spending on transformative technologies at a pace of about 10% annually.
Where are SMBs investing? In three core areas:
- Building Cyber Resilience – In particular, SMBs are applying “Zero Trust” security practices:
- Monitor network traffic for cyber threats continuously
- Identify and validate users of all kinds and devices of every sort continuously
- Adjust and refine cybersecurity policies, protocols and procedures continually in response to data gleaned from practicing the first two measures
- Empowering Mobile Productivity – Many economists now consider remote work an embedded aspect of the U.S. labor market regardless of company size:
- Surveys indicate 90% of U.S. workers split work weeks between corporate offices and remote locations
- Nine of 10 employees use personal mobile devices and apps on the job
- Enabling Business Continuity – Specifically, SMBs are implementing hybrid backup and disaster recovery (BUDR) routines:
- Regular local image backup of operating systems, applications and databases on site
- Offsite backup daily as protection against failures at facilities
As a premier managed services provider (MSP), we have deep experience in diverse industries to help you scale your IT investments for continuing growth across town or across the country.
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