In 2021 and Beyond; Your Business Has to Have a Network Security Budget - HUB Blog

HUB TechMinutes

Business technology news, tips and events.

HUB Blog

Better business through better information.
2 minutes reading time (480 words)

In 2021 and Beyond; Your Business Has to Have a Network Security Budget

In 2021 and Beyond; Your Business Has to Have a Network Security Budget

Most modern businesses are using information systems to accelerate their profitability. The question becomes, what technologies are they spending their money on, and are they objectively the right investments to make? Today, we will unpack these questions by highlighting two investments that many businesses are pursuing.

SMB’s IT Budgets are in the Clouds

Technology is good to enhance an organization’s efficiency and controlling costs. If you consider the cost of hiring one person, training them, and paying them for four years against the cost of buying a new server, software licensing, and maintaining that hardware for four years, one number would dwarf the other. The more technology can be used to fill in the gaps where human resources would function more effectively, the less a business will spend.

One way SMBs are earmarking technology in their budget is by taking advantage of cloud computing solutions. Before the past couple of years, businesses had too much anxiety to utilize cloud computing for much more than data backup and the occasional SaaS package. Today, however, cloud computing is one of the fastest-growing parts of the SMB IT sector. At some point it’s fair to ask, are businesses beginning to rely on the cloud for too much? I’m not sure we’re there yet, but using cloud computing gives SMBs a way to effectively control computing costs, gain remote access to mission-critical business resources, and do work from about anywhere on any device. That holds a lot of value for the SMB operating in 2021. 

Not Enough Security Spending

While SMBs are eager to spend their capital on the perceived value of cloud options, many aren’t doing enough to protect their network and infrastructure. 

Consider that you have a good deal of sensitive and extremely personal data on file at your business. You also have data that has cost you a small fortune to create. Many SMBs simply don’t recognize the risk that their business is under and they prioritize their budget considerations based on trying to bring in revenue, not keep what they already have safe. When you stop and consider the risk, however, not spending enough to secure their network is like not locking up the office when you leave at night. Sure, most days nothing will happen, but the day something does will be a very bad day.

Businesses don’t need to empty their pocketbooks to prioritize network security, but they need to understand that it is important. The peace of mind in doing so will go a long way toward providing the assurance that your business’ assets are secure and that your business can operate freely. It is simply money well spent.

If you would like to talk to one of our professionals about your IT budget, what technology will make your business better, or how to protect what you have, give HUB Technology Solutions a call today at 1-833-847-0725.

IT Lessons from NASA’s Mars Rover Program
If You Aren’t Patching Your Systems, Breaches are ...

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Guest
Friday, April 16, 2021

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://www.hub.ca/

Mobile? Grab this Article

QR-Code dieser Seite

Get Updates On Our New Blog Posts!

Book your free introductory consultation now.

Let's Talk

Happy Clients

Don't Miss Our Next Newsletter!

Subscribe to our free monthly newsletter! It's packed with valuable information, useful tips, and important security alerts.
* indicates required
Your email address is secure with us - we never share our subscriber information.

HUB Tech Minutes

14 April 2021
If your business utilizes Microsoft Word in any way, shape, or form, there’s a good chance that you aren’t using it to its full capabilities. Let’s go over just a few of the features that the software offers that can assist you in excelling (whoops… ...
12 April 2021
For the past decade or so, one of the most mentioned emerging technologies is blockchain. It was hailed as the technology that would change everything, but as far as the practical uses that would facilitate that change, blockchain hasn’t seemed to ha...
09 April 2021
When you are looking to buy a new computer, you need to consider the options available for data storage. This is especially true if you are looking to replace a computer used by several users. The more people that use a computer the more files will l...