FOMO is driving businesses to spend more on technology trends  • Blisstech Solutions

Ever feel like you’re racing to keep up with all the new tech out there? You’re not the only one. Businesses are spending more on software than ever before… and it’s in no small part due to “FOMO” – fear of missing out.

A recent report shows that 76% of businesses are bumping up their software budgets for next year, with many planning to increase their spending by 5 to 15%.

Why?

It’s simple: No business owner wants to feel like they’re falling behind with technology trends while their competitors are jumping on the next big thing. So, businesses are investing in tools that they think will make them better, faster, and more secure.

Artificial intelligence (AI) is at the top of the technology trends list. This is because AI makes it easier to get stuff done, whether automating routine tasks, crunching numbers, or even improving customer service.

But on the flip side, AI is also putting new tricks up cybercriminals’ sleeves, meaning that businesses are having to spend more on cyber security to keep their data safe.

The hardest part about buying software isn’t usually the actual purchase – it’s what comes after. Using new software takes planning, and everyone in the team needs to learn how to use it. If your team isn’t ready, even the best software won’t help you much.

This is why many businesses also invest in training tools, such as learning management systems (LMS). These tools help bring employees up to speed so your new tech doesn’t just sit there collecting virtual dust.

It can be tempting to be one of the first to adopt all the latest tools. But moving too fast can lead to headaches. It takes time to figure out what software is right for your business and how to make it fit into your processes. Jumping in without a clear plan could leave you with a tool that’s more trouble than it’s worth.

The good news is that many businesses are getting more thoughtful about choosing software, using reviews, testimonials, and recommendations from experts (like us) to make informed decisions.

If you’re pressured to invest in new tools, take a breath. Think about what your business needs:

  • Do you want to improve efficiency?
  • Keep your business data secure?
  • Help your team work better?

Whatever the reason, make sure you choose tools that align with your goals and that your team is ready to use them.

FOMO might drive the trend, but that doesn’t mean you have to let it control your decisions.

We can help ensure that the tech you invest in pays off for your business in the long run. Contact us.

More Content

Tech Tip: Avoid this OneDrive AutoSave Pitfall

Welcome to a new Tuesday tech tip video. In it, I explain a OneDrive AutoSave pitfall that you should learn to avoid. If you use Microsoft Office applications and store your data in OneDrive, you are probably familiar with the AutoSave feature. This does precisely...
How concerned should you be about cyber attacks?

How concerned should you be about cyber attacks?

You’ve probably heard a lot of talk about cyber attacks but how worried should you really be? Well, very, because cyber criminals are getting smarter. We have good news to share about how you can protect your business

Security alert: Attacks on business email accounts are surging

Security alert: Business Email Compromise attacks are surging

Your business relies on emails every day – that’s exactly why scammers target them. Here’s what you need to know.

Here’s how cyber criminals try to hack your accounts while you sleep

Have you ever received a notification on your phone while you’re sleeping, asking if it’s really you logging in?
It’s called a fatigue attack and Microsoft Authenticator’s latest feature will help to protect you.

The Microsoft sign on a building

Microsoft urge users to patch against critical vulnerability

Microsoft is warning of a recently discovered critical Windows DNS Server vulnerability that is described as “wormable”. DNS (Domain Name Services) is used by computers all over the world to find each other. The Internet could not work without it. Microsoft DNS is...

Don’t forget your phone when you think about cyber security

Our phones are a goldmine of private information. If they’re not as secure your other devices, they can become a gaping hole in your cyber security

Ransomware Attacks Grow for Small Businesses

Two organisations have recently released reports on the state of ransomware and cybersecurity incidents affecting small businesses. Datto's State of the Channel Ransomware Report Datto has recently released their "State of the Channel Ransomware Report"  for 2019...

Back up your data! One day it could save your business

Did you know that 60% of companies that lose their data will shut down within six months of the disaster? Don’t let your business fall into this statistic.

Lost for words? Draft with Copilot can help

Lost for words? Draft with Copilot can help

If you struggle to find the right words in an email or post, you’d probably love a little help. Draft with Copilot is exactly that. Here we tell you how it works.

It’s time to say goodbye to traditional passwords

Say goodbye to traditional passwords, say hello to Passkeys

Passwords could soon be a thing of the past, thanks to Passkeys. If you hate passwords, our latest tech update will make your day…

Share This
Contact
Love Lane
Cleobury Mortimer
Shropshire DY14 8PE

01299 382 321
[email protected]
Copyright © 2024 Blisstech Solution Ltd
Registered No: 08125391 VAT No : 307 5490 05