IT saves money
IT spending is a large source of debate for most businesses. The amount of must-have technology on the market is staggering and, because of that, companies often find themselves unable to prioritize their purchases. There is also the training curve that goes along with any IT investment. Still, the cost savings advantages often far outweigh the short term stumbling blocks associated with IT spending.
Increase in Productivity
Some of the productivity increases improved information technology allows may not seem obvious, but consider this: cloud computing allows employees to work from home by connecting to the company "cloud." A cloud is the modern term for a server that holds a series of documents and files that are editable by an infinite number of employees. In the past, technology has not allowed employees to collaborate on a project in real time unless they were in the same room. Cloud computing has changed that and, even better, this technology is relatively cheap.
Travel Costs
For companies who spend a significant portion of their budget on employee travel, technology is cutting those budgets drastically. There are many current services on the market that allow for video or audio teleconferences where employees all over the world can gather in a virtual meeting. Not only does this save a company money, it increases worker happiness by allowing them to go home to their families at the end of the day. The small expense of these services will pay for itself many times over when compared to the money saved on travel costs.
Paper Costs
While the price of paper does not seem like a significant expense for a large company, it is. The cost of office supplies can take up a large amount of the yearly budget for a small company. Technology has solved this problem with e-mail, PDF file formats, and documents that allow changes and edits to be tracked.
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