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

3 essential security tools for every business

Your data is one of your most valuable business assets. Keeping it safe should be one of your main priorities.

Microsoft 365 makes Multi-Factor Authentication easier

Microsoft is planning to enable Multi-Factor Authentication (MFA) directly in its Outlook app for many 365 business users.

Can’t find what you need in Teams? This makeover will increase your business’s productivity

The Teams Fall 2024 update will increase your business’s productivity

The latest feature update in Teams is bringing a central notifications hub to keep things more organised. And a whole host of other useful features. We’ll tell you all about it here.

Tech Tip: How to align in objects in Microsoft PowerPoint

In today's Tuesday's Two Minute Tech Tip Matt shows you how to align objects in PowerPoint. It can be a pain when trying to align things manually in PowerPoint, but there is a handy little feature that makes this easy. This video will show you how to: 👉 How to quickly...

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...

Is your email signature putting your business at risk?

When was the last time you gave any thought to your email signature? It’s just there to provide your contact details and maybe boost your branding, right? But have you ever considered exactly how much information you’re giving away? It’s enough to allow someone else...

3 things you should do now to protect your business email

It's a fact, most cyber attacks start with an email.  In fact, a frightening 91% of attacks begin with someone clicking on something they shouldn't in an email they received. Here are three things you can do now to protect your business and make it harder for...
How to configure multiple profiles in Outlook thumbnail

Tech Tip: How to create multiple Outlook profiles

Happy Tuesday everyone! Today's Tech Tip is a tip on how to create multiple Outlook profiles. Is your email playing up with Outlook occasionally crashing or hanging for no apparent reason? OR Maybe you have multiple email accounts configured in Outlook and things are...

Tech Tip: How to name cells in Excel

Welcome to a new Tuesday tech tip video where I will show you how to name cells in Microsoft Excel. Naming cells can make your spreadsheets easier to understand and maintain and help you write more concise and efficient formulas. In the video, I show one way of doing...

Cut the Jargon! The top 3 things you should discuss with your IT partner

IT support involves technical tasks, and the language used in this field can be quite technical at times. Therefore, we have created a plain language guide that focuses on the three key areas you should discuss with your technology partner. Contact us if you want to...
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