Small Business Technology News

Most IT Managers Say Their Small Business Needs Technology Updates

Written by Jenna Weiner
Published: 7/27/2011

IT problems on the rise as small businesses prioritize cost-cutting over technology purchases and upgrades.

In what may come as interesting technology news for entrepreneurs, a new survey from HP of more than 500 small business IT managers shows that 93 percent of companies have placed cost concerns over concerns about new technology. The managers said this lead to 89 percent of these companies experiencing IT-related problems.

Old Obsolete Small Business Technology

IT managers at cost-conscious companies said their top three problems were low-performing hardware, out-of-date hardware and unreliable hardware leading to a loss of productivity and less-than-efficient computer efficiency.

"The survey findings confirm that budget-constrained small businesses are playing tug of war when it comes to balancing smart IT purchasing decisions and their budgets," said Stephen DiFranco, senior vice president and general manager of HP's Personal Systems Group.

A post on Computer Weekly's website quotes Keiichi Nakata, a reader in social informatics at the University of Reading's Henley Business School in saying that employers have to keep their technology systems up to date to attract younger employees. Nakata said young graduates are surprised that common technology they use every day in college is not more frequently used in business.

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