Depending on how you approach it, new technology can either be a boon or a bane for your organization. Without proper planning, the chances of investing in the wrong technology are enormous, and you can easily end up in a situation less desirable than before.

Nowadays, digital transformation isn’t a luxury but a must for all businesses, if they want to remain relevant. Think this isn’t true? Let’s take the ubiquity of smartphones as an example, and check out these two stories.

The “Toys” story – Founded in 1948, Toys “R” Us dominated the toy retail industry for decades.

Recent years have seen a massive shift in favor of proactive technology support as corporate IT requirements become even more demanding. No longer do small businesses have to be stuck with outdated, inefficient hardware and maintaining a costly in-house IT department.

Adopting new IT solutions is never easy. From voice over internet phones (VoIP) to systems integration, every technology migration involves a lot of moving parts: new software, hardware, subject matter expertise, even building wiring can become an obstacle.

Thanks to advances in technology, small- and medium-sized businesses (SMBs) now have the means to compete with bigger companies. But with the all-too-swift developments in technology, SMB owners may have a difficult time figuring out the right technical solutions they need to further grow their business.

You are a small business owner trying to make it big in New Jersey. You’re gung-ho, but look around and see many similar-sized businesses just like yours. That’s because small- and medium-sized businesses (SMB) make up the bulk of companies in New Jersey.

Picture this: You put up shop here in New Jersey because the state offers great incentives for SMBs. Your small business is thriving, you’re expanding and hiring more people, and you’ve embraced technology and made it an integral part of your business.

Advances in technology continue to disrupt every industry. Companies need to invest in information technology to remain competitive in the market.

Studies have shown that investments in IT lead to increased productivity. The ones who were smartest in their investments are the most profitable companies.