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

Bring Your Own Device: Dos and don’ts for your business

Do you let employees use their own phones, laptops, or tablets for work? That includes things like sending a quick email or updating a client account. If you do, it’s important to remember that personal devices often lack the security measures of work-issued devices....

LinkedIn takes action to tackle fake accounts

LinkedIn is introducing new verification features over the coming months to help tackle fake accounts. The business-focused social platform is a fantastic place to connect with like-minded businesspeople, and to find new employees, jobs and opportunities. But thanks to this popularity, we’re seeing an increase in fake profiles, created by scammers for more sinister purposes. Bot-like accounts have been cropping …
Read More

It’s nearing the end for Windows 10 – Are you ready?

It’s time to say goodbye to Windows 10 Next year, we’ll say a final farewell to Windows 10 as it reaches the end of its life. Microsoft is stopping support. This means no new tools or features and no more security updates. If you’re still using Windows 10 in your...

Are you using Teams to share sensitive data?

Microsoft Teams has fast become one of THE most useful business tools for the way we work today. No matter where your people work from, they can communicate and collaborate quickly and reliably. But this remote way of working can also open the door to some MAJOR security issues. New research shows that nearly HALF of employees frequently share confidential …

Privacy alert: Change this setting in Edge, now

Attention! Microsoft Edge is recording information on the images you browse to improve their AI models. This is how to disable it.

Global State of Ransomware Report 2020

Datto have released their annual Global State of the Channel Ransomware Report for 2020. They have interviewed more than 1000 managed service providers (MSPs) around the world. The report gives details on the state of ransomware from the perspective of the...

10 Simple Tips for Avoiding Phishing Scams: How to Stay Safe Online

10 Simple Tips for Avoiding Phishing Scams: How to Stay Safe Online What is Phishing? Phishing is a common online scam in which cybercriminals try to trick you into sharing personal information, such as passwords and credit card numbers. Phishers often use email or...

Tech Tip: How to use Search Outlook Folders to organise your Inbox

Welcome to a new Tuesday Two Minute Tech Tip that will help you to organise your inbox using the Outlook powerful search features. Are you the kind of person who likes to organise emails into folders? Are you manually dragging your emails around to organise them? This...

Tech Tip: An overview of Microsoft Teams

Welcome to a new Tuesday Two Minute Tech Tip that covers the basics of Microsoft Teams. Microsoft Teams has become one of the 'go to' tools for collaboration since the start of the pandemic, but most people are only scratching the surface of what you can do with it....

What is Proactive Monitoring and how can it protect your business?

How proactive monitoring will help your business weather any storm. You are the captain of your business's ship. You have a loyal and skilled team behind you. You are ready for any challenge! Or so you thought. Then, one day, without warning, a vast digital monster...
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