The technology your company uses to run its day-to-day operations can have a major impact on your efficiency and bottom line. From the cloud services you rely on to the communication system that lets you reach customers, it’s essential to have IT technology that’s up to today’s rapidly changing standards. Otherwise, your business may fall behind in some key areas. Here are three fundamental risks of not staying up to date.

What Happens if You Use Outdated IT Technology?

1. Loss of Productivity

Modern tech tools provide a ton of features that can make your business more productive. For example, you can use cloud services to access important files from anywhere.

Technology can also help you quickly get assignments to members of your team, collaborate on important projects, and track their progress. Without these tools, you may have to do things manually and waste valuable time on menial tasks.

2. Outdated Compliance Standards

The standards that businesses must comply with are constantly changing. From tax codes to regulations regarding the storage of customer information, it’s important to keep up with these rules so your business isn’t held liable for any issues.

Many types of business software have built-in compliance standards and guidelines, but if you use outdated tech, those standards may also be out of line with what’s currently expected.

3. Competitive Disadvantages

If you’re not taking advantage of all the features and benefits that new technology can provide, your competition almost certainly is. This may allow them to accomplish more than you without using as many resources. It can also make them look better in the eyes of customers.

For example, a professional VoIP system that lets a company direct calls efficiently and connect remotely can make them appear more accessible than one that only accepts calls while employees are at their desks.

If you’re interested in updating your IT technology, Fredrickson Communications is here to help. Serving customers throughout the Durham, Chapel Hill, and Raleigh areas in North Carolina, the telecommunications company offers cloud services, web design, VoIP service, business internet, and managed IT services. With more than 40 years of combined experience, the knowledgeable team is well-equipped to help businesses make the most of the technology available to them. To get started, request a free consultation online or call (336) 512-0003.