How UK small businesses are making the most of their IT assets to support growth
In today’s digital world, technology is integral to the everyday running of businesses of all sizes. Companies working in a huge range of industries rely on IT to find new clients, manage databases, keep customers informed, manage stock levels and generally keep the business going.
Making the most of this tech can help ambitious businesses to push themselves that little bit further. Well-managed and well-implemented IT assets can have a big impact on productivity and visibility. Growing companies need to make full use of all of their tech tools if they’re going to make a name for themselves, and IT is one of the best tools at their disposal.
Small businesses in the UK
Small businesses have long been the backbone of the UK economy. According to the Federation of Small Businesses, small businesses accounted for 99.3% of all private sector businesses at the start of 2018. The combined annual turnover of these businesses was a staggering £2 trillion, 52% of all private sector turnover.
As small businesses are so important to the health of the country’s finances, it’s essential that business owners do their best to ensure their ventures are as efficient and as ambitious as possible.
The healthier these businesses are, the better it is for the UK economy as a whole. One of the most affordable and effective ways for small businesses to make the most of their resources is to implement efficient IT asset management.
Making the most of IT assets will look different for different companies, but essentially, all businesses should look at ways to take full advantage of the tech tools they have available. Asset management generally involves joining the financial, contractual and inventory functions of a business in order to support the IT environment.
This organisation of IT assets can be incredibly beneficial to a business and can help it to make decisions about hardware and software purchases and redistribution. This can help businesses to create more streamlined working practices and help them to save money and become more efficient in the long run.
How to implement asset management
Although some businesses may be able to do this themselves, digital asset management is often better undertaken by a specialist company. Both software and hardware asset management can be complex operations and it takes specialist know-how to really make the most of the process. Most businesses that spend money on third-party IT asset management will find that the cash they invest in these projects is paid back multiple times through increased efficiency in the coming years.
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