{"id":3724,"date":"2020-06-03T15:32:22","date_gmt":"2020-06-03T14:32:22","guid":{"rendered":"https:\/\/ngx273.inmotionhosting.com\/~n7432d5\/news\/?p=3724"},"modified":"2020-11-19T13:43:07","modified_gmt":"2020-11-19T13:43:07","slug":"re-evaluate-technology-delivery-during-a-recession","status":"publish","type":"post","link":"https:\/\/www.cardonet.com\/news\/re-evaluate-technology-delivery-during-a-recession\/","title":{"rendered":"Re-evaluate Technology Delivery During a Recession"},"content":{"rendered":"\n

The effect that the Covid-19 pandemic will have on our economy is not yet entirely clear. What is fairly inevitable, however, is that the economy will take a huge hit, and we will likely enter into a period of recession. <\/strong>Whilst many of us remember the crash of 2008 like it was yesterday, the one small advantage we have today is that we can see a recession coming and we can prepare accordingly. Of course, there\u2019s no way to guarantee that a business will continue to make a profit, or even survive, during a recession, but it is important to prepare your business in the best way you can. Now is the optimal time to re-evaluate your IT infrastructure and systems to ensure that you are getting value for money from your technology.<\/strong><\/p>\n\n\n\n

Evaluate Your IT Needs<\/h3>\n\n\n\n
Critical IT Functions<\/em><\/h5>\n\n\n\n

First and foremost, you need to consider what IT functions are most critical to running your business. For example, Wi-Fi, cloud systems and cyber security: without these working correctly, most businesses would cease to function.  <\/p>\n\n\n\n

Creating New Business<\/em><\/h5>\n\n\n\n

Secondly, you need to decide which functions are most important for creating new business. During a recession you need to be thinking about how to create new business and increase your revenue. You need to decide what technology you need to maintain, such as antivirus software and what is extraneous, for example, unused software licences.<\/p>\n\n\n\n

Is Your Current System Working<\/em><\/h5>\n\n\n\n

Finally, you need to look at what you\u2019re spending and decide whether you are getting value for money. Is there anywhere you can save costs? If you have an in-house IT team, you should consider outsourcing your IT<\/a><\/strong> to ensure maximum efficiency.<\/p>\n\n\n\n

Make Your IT Cash go Further<\/strong><\/h3>\n\n\n\n
Spend Smart<\/em><\/h5>\n\n\n\n

In times of recession you want to stretch your budget as far as you can to ensure that your business is running at a cost-effective level. However, as the saying goes, you have to spend money to make money. There are a few things you should invest in to ensure business continuity. This includes:<\/p>\n\n\n\n