Can of the following scenarios best describes you:

You’ve got legacy programs to deal with.
Your computers were bought in the early years of the millennium.
Your customer relationship management system (CRM) is a disaster.

None of the preceding If any of these scenarios sound familiar, the team is probably frustrated because the tools or software they’re using are preventing them from getting the job done. If you’re reading this, you’re probably trying to find out how to justify investing in new technologies for the coming year. But, on occasion, that is exactly what you need for future business success.

Did you know that according to a Microsoft survey, more than 90% of customers will prefer moving elsewhere rather than work for a business that uses obsolete technology? Here’s what you’re up against if you’re still using old technology:

68 percent of customers believe that new technology is essential to a company's success.

Small companies that use new technologies are more competitive in the marketplace, according to 57 percent of customers.

The bottom line is that outdated technology burdens your business with a slew of long-term technical and cultural problems, in addition to negatively impacting your company's overall picture.

Your team is now aware of systems that could help them function more efficiently. Indeed, 73 percent of those polled claim they are aware of systems that would assist them in producing higher-quality work.

The Most Expensive Consequences of Outdated Technology

Software is modified not only for functionality but also for stability. You expose the business to cyber-attacks by using obsolete technologies.

Data Loss: If your backup solution is out of date, and the devices that it is supposed to protect fail, you’re going to lose a lot of data. Any data loss is poor, but a loss of customer or sales data can have an immediate and detrimental effect on your bottom line.

The Alternative

Build a long-term IT plan. By integrating the lifecycle of your technology, as well as your development, optimization, and transition goals, an IT roadmap will help you prepare for your monthly, annual, and multi-year technology costs.

Talk to a CFI Technologist today to learn more about how CFI helps businesses prepare for and control their IT costs by designing and implementing IT roadmaps that are tailored to each company.