Month: April 2016

Different types of hackers defined

Know thy enemy. When it comes to hackers, most business owners get hung up on the technical and mechanical details of a cyber attack forgetting another important aspect: motive. Why are they attacking people and organizations in the first place? And who are they targeting? By answering these questions you’ll have a better understanding of what resources need the most protection in your business.

Script Kiddies

When it comes to skill level, Script Kiddies are at the bottom of the totem pole and often use scripts or other automated tools they did not write themselves – hence the name. With only an elementary level of technical knowhow, Script Kiddies usually don’t cause much damage…usually. The Script Kiddy virus known as the Love Bug which sent out an email with the subject-line “I LOVE YOU” fooled millions of people, including some in the Pentagon, in the early 2000’s. The virus reportedly caused around 10 billion in lost productivity and digital damage.

So who is a Script Kiddie? Most of the time they’re simply bored youth looking for a thrill or notoriety. Many never evolve into a full-time hacker, and instead just use their skills as a hobby. Oddly enough, many Script Kiddies find a career later on working in the security industry.

Hacktivist

If you’ve heard of Anonymous, LulzSec or AntiSec, then you’re familiar with Hacktivists. These groups are made up of members of varying skill levels, all the way from Script Kiddies to some of the most talented hackers in the world. Their mission is largely politically motivated as they aim to embarrass their targets or disrupt their operations, whether that be a business or government body. Two of the most common ways they attack their target are by stealing sensitive information and exposing it or denial of service (DDoS) where a server is overloaded till it finally crashes.

As a small or medium-sized business owner you are not necessarily immune to Hacktivist disruption. If your business or a company you’re associated/partnered with participates or provides services that can be seen as unethical, such as Ashley Madison (who fell victim of a major Hacktivist attack last year), then you too may be targeted by Hacktivists.

Cyber Criminals

Often talked about in the media and well-known by most SMBs, cyber criminals are after one thing: money. Their targets run the gamut, including everyone from individuals to small businesses to large enterprises and banks. But what do these targets usually have in common? They either have a very valuable resource to steal or their security is easy to exploit…or a combination of both of these. Cyber criminals can attack in a number of ways including using social engineering to trick users into providing sensitive information, infecting an organization/individual with ransomware or another form or malware, or exploiting weaknesses in a network.

Insiders

Perhaps the scariest type of hackers are the ones that lurk within your own organization. Insiders are made up of disgruntled employees, whistleblowers or contractors. Oftentimes their mission is payback; they want to right a wrong they believe a company has perpetrated toward them, so they’ll steal sensitive documents or try to disrupt the organization somehow. Edward Snowden is a prime example of an insider who hacked his own organization – the US government.

Now that you know what motivates your enemy, you’ll hopefully have a bit of an idea as to whether or not you’re a target. To learn more about how to secure your business from these types of hackers, get in touch with our experts today.

Published with permission from TechAdvisory.org. Source.

Choosing the right mouse for work

Have you been stuck using the same mouse for several years now? If you’re feeling a bit of pain in your mouse clicking hand, then it’s probably time to consider an upgrade. We don’t always pay attention to it, but a good mouse can make a big difference. The perfect mouse will let you work efficiently, be easy to wield, and is comfortable enough to save your wrists and fingers from injury. So the next time you’re in the market for new mice, keep these these tips in mind.

Cable or wireless?

Choosing between a wired or a wireless mouse is a factor you have to consider if you’re planning on purchasing a new mouse. Wireless mice are generally more comfortable since your range of movement isn’t limited by a cable and they’re usually very travel friendly. However they tend to be less responsive than their wired counterpart, which can be a problem for users requiring more precise mouse control. In some cases, wireless mice can also interfere with other wireless devices nearby. Furthermore, wireless mice require batteries, which can be a drag if you forget to buy some at the store. If you’re planning on using the same mouse for both work and home, you run the risk of losing the tiny USB receiver for your wireless mouse.

On the other hand, wired mice are cheaper and easier to use since you simply plug it in and you’re good to go. The only problem you’ll have to worry about is dealing with tangled wires. So when you’re deciding on a new mouse, think about whether you’re looking for comfort or convenience.

Ergonomics matters

You’re going to be using the new mouse for a while, so it’s important to choose a mouse that feels comfortable in your hands. When deciding on the right mouse, focus on the size and the grip of the device. The size of the mouse usually comes down to the individual’s hand size. For example, someone with smaller hands might find larger mice quite unwieldy. Certain mice can also accommodate for different types of grips:

  • Fingertip grip: With a smaller and flatter body, this mouse allows you to control the entire device with just your fingertips. This type of mouse usually provides you with more precise control of your cursor. However, it doesn’t give any room for your palms to rest on, increasing the risk of carpal tunnel syndrome. Avoid using this grip unless your work requires a lot of photo, video or sound editing.
  • Palm grip: Palm grips are the complete opposite of fingertip grip mice. With a bump at the back end for your palms, this type of mouse reduces the stress on your forearm and wrist. This grip sacrifices precision for comfort so people prone to repeated stress injuries (RSI) should definitely opt for this type of grip instead.
  • Claw grip: This type of mouse is usually the one people are most accustomed to. Named after the shape your hand makes when you hold this type of mouse, claw grip mice give you the best of both the palm grip and the fingertip grip. Like the palm grip, your palms can rest on the mouse but this type of grip also gives you a bit more control. While the palm grip is still the most ergonomical mouse, the claw grip gives a good balance of both comfort and precision.

Do more than right and left clicks

Don’t just assume that extra buttons on a mouse would mean that it’s only meant for gamers. Extra buttons add more functionality to your mouse. For instance, you can assign your spare mouse buttons to Copy and Paste so you’ll no longer have to input keyboard shortcuts. Want to switch between open windows quickly? You can assign the Alt + Tab (for Windows) and Command + Tab (for Mac) to those mouse buttons. While this isn’t a requirement when picking a new mouse, it’s definitely a neat feature that will save you some time.

DPI (dots per inch)

For precise movements, higher sensitivity is a must. Whether you’re editing images, videos or audio files, you’re going to require more precise mouse movements to execute them well. If you ever had to move your mouse around because your cursor was stuck, then a high sensitivity mouse can solve your problems. Try looking for mice with 1200 DPI or greater for finer control.

Mouse specifications could be the last thing on your mind when it comes to buying new hardware. But comfort is important. A good mouse with the right fit, can make you more efficient and reduce the risk of injury. If you need some help setting up the best hardware for your company, give us a call. We’re happy to help.

Published with permission from TechAdvisory.org. Source.

New email security feature for Office 365

While you can take many security precautions to protect your organization, a cyber attack is always possible because of human error. Microsoft, however, is trying to change this. In the coming weeks, the technology giant plans to launch a new security feature for Outlook, but only if you’re an Office 365 user. Here’s how it can help your business.

Aptly called “Safety Tips”, Microsoft Office 365’s new security feature is designed to help make your employees (and yourself) more aware of which emails may contain harmful content. By analyzing the data patterns of millions of emails, the feature uses a color-coded bar at the top of an email to help you determine what emails are safe, suspicious, or fraudulent.

How it works

Safety Tips uses a simple system to help you identify the safety level of an email quickly. The system consists of four colors that categorizes an email as suspicious, trusted, safe or unknown. The details of each of these categories are outlined below.

Suspicious email
Color label: Red
Description: This has either failed sender authentication or is a known phishing email. These messages should be deleted.

Unknown email
Color label: Yellow
Description: Exchange Online Protection marks this type of email as spam. However, you can move this item to your inbox by clicking it’s not spam in the yellow bar.

Trusted email
Color label: Green
Description: If this email comes from a domain Microsoft deems safe, then it falls into this category.

Safe email
Color label: Gray
Description: This type of email has either been marked safe by the user’s organization, has been moved from the junk folder into their inbox by the user, or the email is from a contact on the user’s safe sender list.

Color coding will look different between the Outlook app and Outlook for the Web. In the Outlook application, only suspicious emails will be flagged, whereas in Outlook for the Web all four types of emails will be color-coded. However, it should be noted that most emails won’t have any color code as they’re only added when Microsoft thinks they’re relevant.

With hackers getting smarter by the day, and human error a roadblock to a secure business, this new feature will hopefully add an extra layer of security to your organization. If you’d like to learn more about Office 365 or other security services we offer, get in touch today. A more secure business awaits.

Published with permission from TechAdvisory.org. Source.

How to best utilize mobile tech for staff

Love it or hate it, mobile technology in the workplace is here to stay. While more and more companies are utilizing it as a way to up their productivity, there is a right and a wrong way to go about it. Here are four tips to help you successfully integrate mobile devices into your organization to create a more efficient and productive business.

Use the right tool

Some work tasks just aren’t cut out for mobile use. While using a mobile phone or tablet to send emails is an effective way to work on the go, trying to write long form reports on these same devices is a bad idea. As a general guideline, small tasks such as email, viewing documents, using search engines and project management apps are good for mobile work. Anything that is too detailed is probably better suited for a computer or laptop. Lastly, only train your employees to use and learn the mobile devices and programs that make sense for their role. If you want them to be most efficient, you don’t want to overwhelm them with every mobile tool your business uses.

Communicate face-to-face

Email is undoubtedly a valuable communication tool. But it’s also become the bane of existence for many of today’s employees and business owners. Too many emails kills your employees productivity, overwhelming them. And unfortunately, many times email is simply unnecessary. Instead of sending that email about a question concerning an upcoming meeting, simply go and ask in-person. You’ll likely get a response much quicker and you avoid adding yet another message to the email overflow.

Consider adding a face-first policy in your office. This means that every time your employees consider writing an email, they should question if it’s easier to just go talk with that person directly. If that person is located a quick walk away, then the conversation should take place in-person. This especially makes sense if your employee needs an answer within a few hours, as sometimes emails go unanswered for much longer than this. By enforcing an email policy, your employees’ inboxes are less likely to be overflowing and your communication will take place in a more timely manner.

Set boundaries

There’s no question that mobile tech can help productivity, but it can also hinder it. The problem is that many employees who utilize it have difficulty “switching off”. The lines between work and personal life begin to blur as completing work tasks is always right at their fingertips. While on the surface more work output from your employees may sound like a good thing, in reality it’s far from it. Being “always on” can quickly lead to burnout. And even if it doesn’t, if your employees don’t take time to break and recharge, their productivity will suffer. To demonstrate just how many employees fall into this trap of overworking, the 2015 Staples Business Advantage Workplace Index surveyed 2,602 employees and found that a quarter of them regularly worked after standard business hours, and four out of ten worked on at least one weekend a month.

So how can you resolve this issue as an employer? Simply set boundaries. Create time frames for when work platforms and applications can be utilized and for when emails can be sent and responded to. Also, don’t encourage employees to work on off-hours by sending emails during the weekend. If your concern isn’t urgent, then by all means wait till Monday to send it out.

Be flexible

While it may sound a bit contradictory to the last point, being flexible in your work policy can be a smart decision to boost productivity. By being flexible, we mean the ability for your employees to work at hours and locations of their choosing. Most people work better and quicker at certain hours as they are more focused at specific times of the day. And some people will work better remotely than they do at an office space as there can be less distractions. The Staples survey supported this fact as 59% of the employees surveyed said that flexible schedules had a positive effect on productivity.

Cloud tools like Office 365 and Google Apps can help encourage a flexible workplace. But regardless of how flexible your office becomes, be conscious that parameters on work, mentioned in the last section, should still be in place to prevent employee burnout.

Mobile devices in the workplace can go a long way towards making your business more efficient and employees happy. If you’d like to learn more about utilizing mobile devices in the workplace or how you can leverage technology to make your business more productive, call us today.

Published with permission from TechAdvisory.org. Source.

Windows 10 updates: what to expect

During Microsoft’s Build 2016, new innovations were announced to the public. But what you should really keep your eye on are the changes made with the Windows 10 Anniversary Update. With the new updates many are expecting features that help manage your business and personal life. So what were the most noteworthy updates to Windows 10 and how will they affect you? Listed below are a few important changes that are worth mentioning for you, the small business owner.

Cortana updates

One of Microsoft’s biggest announcements are the changes made to Cortana. Basically, cross-platform support for Cortana allows Android users to receive notifications on any Windows 10 devices and interact with them too. This means alerts from your phone can immediately be transmitted to your Windows 10 tablet or PC and you can send a quick text back, saving you the hassle of having to frequently pull out your phone at work. Even if you have low battery on your mobile devices, with Cortana installed, she’ll warn you on any device.

The update will also enable you to share directions across all devices. If you search up directions on your computer, Cortana will send those same directions to your phone. Additionally, if you ever lose your phone, you can locate it from your PC as long as Cortana is enabled on your phone.

Action center updates

Tired of getting notifications from unimportant applications? With the new Microsoft update, you can now prioritize the levels of notifications you want to see in your Action Center. Simply go to Settings > System > Notifications & Actions then click on a specific app and prioritize its alerts. You can set three levels of priority for each application: Normal, High, or Priority. Now you’ll only receive notifications that are important to you.

Microsoft Edge extensions

Microsoft’s web browsers have always lagged behind more popular browsers like Chrome or Firefox. However, Microsoft is hoping to entice people to use their web browsers by giving Windows users new and updated web extensions like OneNote Clipper and Pin It Button. Add-ons like Microsoft Translator and Mouse Gestures also received new upgrades for you to try out. To access these features, click on the dotted icon on the top right of the screen and select Extensions to find out how you can customize your Microsoft Edge browser.

Pin windows to virtual desktops

A small change for those who have grown accustomed to using virtual desktops at work. Virtual desktops allow you to separate how your windows are organized by creating an entirely new desktop to work with. Many people use this feature to separate their work files from their personal desktop to avoid confusion. The updates made it so that you can pin a window across all your virtual desktops by clicking Show this window on all desktops. What can this feature be used for? Suppose you wanted to have your favorite news website open at work and at home for personal use. With the new update, you avoid having to open another web browser just to access the same site on a different desktop.

Detailed battery use

Detailed battery use will temporarily stop high powered apps from running if your battery power is low. You can have your laptop immediately go to battery saver once it’s reached a certain percentage. Just go to Settings > Battery and slide what battery percentage you consider appropriate to automatically go on battery saver mode.

Customized update settings

Automatic Windows updates can be a real pain during inconvenient times. You’ll be glad to hear that you can now change that by going to Settings > Update & Security > Windows Update. From here you can prevent Windows from automatically updating during business hours.

These are just a few of the exciting changes that are coming for Windows 10 users. We don’t know how many people will utilize these changes but, if we can expect one thing from the Windows 10 Anniversary Update, it definitely aims to make our lives a bit easier. Want to hear more of the latest Windows 10 news and updates? Contact us today.

Published with permission from TechAdvisory.org. Source.

How is BYOD a security risk?

Bring your own device (BYOD) strategy is when an employee uses their personal mobile device to work with your company from anywhere. This strategy can bring about many advantages to your business such as increased efficiency and convenience. However, this can also bring a number of security risks for your IT infrastructure and data. If you’re thinking of incorporating BYOD in your office, consider some of the risks involved before making a decision.

Data leakage

The biggest reason why businesses are weary of implementing a BYOD strategy is because it can potentially leave the company’s system vulnerable to data breaches. Personal devices are not part of your business’s IT infrastructure, which means that these devices are not protected by company firewalls and systems. There is also a chance that an employee will take work with them, where they are not using the same encrypted servers that your company is using, leaving your system vulnerable to inherent security risks.

Lost devices

Another risk your company has to deal with, is the possibility of your employees losing their personal devices. When devices with sensitive business information are lost, there is a chance that this could end up falling into the wrong hands. Additionally, if an employee forgets to use a four digit PIN code to lock their smartphone or tablet, anyone can gain unauthorized access to valuable company data stored on that particular device. Therefore, your company should consider countermeasures for lost devices like completely wiping the device of information as soon as an employee reports a missing or stolen phone.

Hackers can infiltrate your system

Personal devices tend to lack adequate data encryption to keep people from snooping. This along with the fact that your employees might not have updated their devices can allow hackers to infiltrate your IT infrastructure.

Connecting to open Wifi spots makes your company more susceptible to hackers. Open wireless points in public places can put device owners at risk because there is a chance that hackers may have created that hotspot to trick people into connecting. Once the device owner has connected, attackers can simply surveil web activity and gain access to your company’s accounts.

Vulnerable to malware

Viruses are also a big problem when implementing BYOD strategies into your business. Using personal devices means your employees can access whatever sites or download any mobile apps that your business would normally restrict to protect your system.

Jailbreaking or rooting a device also puts your systems at risk because it removes limitations imposed by the manufacturer to keep the mobile software updated and protected against external threats. It’s best to understand that as your employees have the freedom to choose whatever device they want to work with, the process of keeping track of vulnerabilities and updates is considerably harder. So if you’re thinking about implementing BYOD strategies to your business, prepare your IT department for an array of potential malware attacks on different devices.

So you might be thinking that it would probably be best to just avoid implementing a BYOD strategy in the first place. However, BYOD will help your business grow and adapt to the modern workplace, and should not be dismissed as a legitimate IT solution. It’s just important to educate your company about these risks so that problems won’t occur for your business down the line.

If you need some help implementing IT security solutions for your company, or if you have any concerns regarding IT, give us a call.

Published with permission from TechAdvisory.org. Source.

Connectors: the new Office 365 update

At work, we depend on several apps to be more productive around the office. However, with so many of them open in our web browsers, it can be a drag to constantly click in and out of tabs just to get the information we need. Fortunately, Office 365 Connectors for Groups allows you to stay on top of all the third party services your company is using. So how, exactly, do these connectors make your life easier? Here are a few things you need to know about the new Office 365 feature.

What can it do?

Office 365 Connectors enable users to access third party apps and services within their Outlook groups, rather than having to scour through dozens of windows to access a specific application. This new feature allows you to keep your company’s discussion in one place, and enables your employees to stay up-to-date regardless of the service used to broadcast an event. For example, your team members can be informed about a particular hashtag that your company is following on Twitter without having to explicitly open the page. Groups aren’t limited to one particular service either. With connectors you can use Twitter, Trello, Mailchimp, Bing, UserVoice and over 50 other services.

Small organizations can also take advantage of connectors. Office 365 lets you develop your own connectors by embedding the Connect to Office 365 button on your site. This allows users to connect to your service and get updates on your company, as they would with other third party services. Basically, with connectors, your Office 365 client becomes a hub for third party that keeps your company in sync to get more work done.

Connector card

Connector cards offer a user friendly way to interact with external applications. If a particular connector is added to a group, connector cards are generated within the group’s activity feed. While most cards will display events in plain text, some applications like Twitter and Trello provide formatted actions to interact with the card. Trello, for example, allows you to Assign or Comment on an event card.

Who can create a connector?

Office 365 group members can configure and use an array of connectors. Once you configure a connector for a specific group, that app will be also be available for other members. However, the person who added a connector to the group is the only one capable of modifying that app.

How do you access Office 365 Connectors?

With its public release, any Office 365 Mail user can use Office 365 Connectors for Groups. Simply navigate to a Group from your Outlook page and click on the Connectors tab at the top of the page. From here, you can connect the available third party services on offer to any of your Outlook groups. You can even configure the settings of your apps without ever having to leave Office 365. However you should probably only consider pulling in the applications that you think your group will be using the most.

As your business grows, you’re going to need more services to be more productive in the workplace. By aggregating them all in one place, you save time shifting around dozens of apps to find the information that you need. So the next time you create an Office 365 Group, help your team members work more efficiently by setting up some connectors.

If you’re interested in learning about the latest Office 365 updates, contact us today.

Published with permission from TechAdvisory.org. Source.

A crash course on the Blue Screen of Death

Everything seems fine at first, your PC is running normally but then a blue screen suddenly greets you. After restarting your computer you find that a lot of your unsaved work is gone. If this has happened to you before, rest assured, you’re not alone. What you’ve just encountered is the Blue Screen of Death (BSoD) and it appears when there is an issue with either your hardware or software. Fortunately, there are ways to troubleshoot these problems. Here are some of the common causes of a critical failure error and how you can fix them.

Find out what caused your BSoD

The next time you get the blue screen, don’t panic. This is just an alert to prevent further system damage to your computer and to indicate the cause of crash. The most important part of the blue screen is the error name which displays messages like “Driver_IRQL_not_less_or_equal”. For Windows 8 to 10 users, this information is usually displayed at the bottom of the screen. For troubleshooting advice, a memory dump containing details of your latest crash can be found in Event Viewer > System > Windows Logs and click any messages indicating an error. Under the General tab you will see a full report of your latest crash — this should be given to an IT technician so they can help you further.

Fixing the problem:

Update your drivers

Crashes are generally caused by problems with hardware or the driver software that is allowing that specific hardware to run. If you’re getting frequent blue screens, try to recall any recent changes you have made to your computer. Have you recently installed a new driver for an external device? You can also check if any drivers are conflicting by going to Control Panel > Device Manager. If you see a warning icon on any of the devices, there is something wrong with the device. Chances are, specific drivers are either outdated or weren’t properly installed.

To update, simply search online for your specific computer manufacturer and install the drivers provided in their list. Remember to only install the drivers that apply to the specific model of your device and your operating system. For example, if your operating system is Windows 8, only download Windows 8 related items for your specific model.

Other hardware problems

BSoD can also indicate hardware problems. Running very intensive programs that your CPU can’t handle will cause your computer to overheat and eventually crash. If you use a laptop, try to keep it on flat surfaces and away from fabric material as this could block the fan vents and cause your laptop to overheat.

Your RAM could also be faulty. Check if it’s attached to your CPU properly or go to Windows memory diagnostics to find out if you’re straining your RAM.

System restore

Using system restore will allow you to undo any significant software changes that are crashing your PC. To restore your computer to a previous time, go to Control Panel > System and Security > Backup and Restore then click on Recover System Settings for your Computer. From here you can select a restore point to a date where you think your computer was not experiencing frequent crashes.

Check for viruses

Some types of malware can cause instabilities in your operating system causing your PC to crash. If you are aware that your computer is infected with a virus, try running antivirus software. However, make sure you’re not running two antivirus software at the same time while you’re doing this. Both programs can conflict with each other and, in some cases, cause system crashes.

Clean reboot

This option is your last resort if none of the solutions above work. For Windows 8 or 10 users simply go to Settings > Update and Security > Recovery then select Reset this PC. If your computer is still getting frequent blue screens then it would be best to go to an IT consultant and have them look over your hardware.

The Blue Screen of Death is one of the biggest problems your company’s hardware is going to face. Consider using any of the above solutions to fix your blue screen and hopefully everything will be back to normal. If you would like to know more about any general hardware advice, or if you have any concerns regarding your IT, contact us today.

Published with permission from TechAdvisory.org. Source.

Technology ROI 101

Your technology needs to produce a return on investment. If it doesn’t, you’re wasting you and your staff’s time and money. But how can you ensure you gain that coveted ROI you’re after? What does it actually mean to have a positive ROI? And how can you tell if you have one? Here are a few tips for calculating the true costs of a new technology investment.

ROI basics

What does it mean to have a positive return on investment? It’s pretty simple. A positive ROI means the results a technology produces are greater than or equal to the amount of time and money invested. Obviously you want a positive ROI, but when is the right time to consider it? Should it be before or after you make a technology purchase? The answer is both. Before purchasing, you want to carefully consider whether a technology service or product is worth your money. Then months after you’ve implemented it, you should analyze whether or not you made a good investment. Doing this enables you to learn from your mistakes (if you made one) and make a wiser technology purchase next time.

Also, don’t forget to look at your technology currently in use. Ask yourself, is your technology simply keeping the lights on? Or is it providing a solid foundation for your business to grow? If the answer is the former, there are likely better options out there worth trying.

How to calculate ROI

When calculating ROI, it doesn’t have to be perfect. Here is a simple formula to get you started.

ROI = net gain/cost
Example: You spend $100 and make $150. Your net gain is $50
ROI = 50/100 = 50%

If you’ve yet to purchase a service or new equipment, you obviously don’t know how much profit it will generate. So you’ll have to do a bit of guesswork and estimation. It’s also important to consider some intangibles. Think about the productivity costs of staff time, disruption, and frustration (because most of us don’t work effectively when frustrated). Let’s take staff time for example. How much time will your staff save if you implement a Managed Services solution? With your employees no longer having to put out IT fires daily, what if your entire staff saves 50 hours a week because of it? How much does that add up to in saved salary expense? It’s important here not just to think about the savings in time, but also what your staff could be doing with those extra 50 hours. They could put those hours towards marketing or growing your business. And that alone could make up for the costs of the technology investment itself.

Intangibles don’t just apply to saving time, frustration and disruptions, but also the costs of implementing the new technology. For example, how much time will be required to train your staff on the new technology? What’s the cost of that? Also, how much time will it take to migrate from your old system to the new one? You should consider all of these when estimating your ROI.

Lastly, don’t forget to consider the unique circumstance of subscription purchases. Since you are usually paying these on a monthly basis, it can be a bit tricky to add up real costs. That’s why it’s important to use a timeline for these. For example, if you subscribe to software as a service, what’s the cost of that plan over the course of one year or five? How much money will you save over that time span?

What’s the benefit?

Besides the staffing example mentioned above, consider how a technology investment can create new revenue streams. For example, an investment in VoIP opens up an opportunity to offer video consulting to clients in parts of the country (or even world) that would normally be out of reach. This obviously leads to a new revenue stream and increased profits. So ask yourself, can the technology you’re considering create new revenue streams?

Next steps

Before making a technology purchase, it’s wise to talk with both management and end users about your decision. If you fail to consult your end users before implementation, they may disagree with your decision and therefore take longer to adapt or even rebel against it. Checking with them beforehand gives them a chance to offer valuable feedback on how it will be used in the trenches, and will get them onboard with the technology if you implement it. As for your management team, they can be a valuable resource to bounce ideas off of and gain insights about the technology you may have overlooked.

Lastly, ROI does not need to be calculated for every purchase. If you need to buy something small, like a new keyboard, just go and buy it. Save your ROI calculations for much larger investments that can have a dramatic impact on your business.

If you need help determining the ROI of a potential technology investment, feel free to give us a call for a chat. Our experts can help you determine the true benefits of a given technology and help you make a wise investment.

Published with permission from TechAdvisory.org. Source.