5 Technology Considerations When Planning For The New Year

by | Dec 1, 2019 | General Business

Planning For 2020

The new year will be here before we know it, and it’ll be time to plan for 2020 in a few weeks. So let’s talk about your 2020 technology needs. We’re going to look at five specific considerations that will help you best position your company’s technology next year. 

#1: Catalog Your Existing Software

If you don’t already have an organized list of all of your software subscriptions and renewal dates, it’s time to create one. It can be as easy as throwing together a spreadsheet and including some key information: Price, Renewal Date, Vendor Name, License Type, etc.

While doing this, be on the lookout for any price increases from your vendors. Did you get introductory pricing (or use a coupon code) on any products that’ll be renewing at a higher price in 2020? In addition to this, do you have any subscriptions that could be canceled?

Whether you find products you no longer use that are $10/month or $500/month, any reduction in expenses can help.

#2: Plan For And Prioritize Your Technology Projects

Don’t wait for the start of a technology project to begin planning. Planning needs to take place far in advance to ensure you properly scope out a project and understand all of the steps (and costs) necessary to be successful.

If you have more than one technology initiative planned for 2020, be sure to understand which project is the most important to your company’s success.

Then, focus first on planning the most important project.

#3: Upgrade Old And Outdated Equipment

Do you have old computers, printers, scanners, or other equipment? How about slow internet in your office? Explore whether it makes sense for you to upgrade some (or all) of this infrastructure. Perform a basic return on investment analysis to ensure the benefits of such upgrades will more than offset the cost of the equipment upgrades.

#4: Explore Training Opportunities

It’s amazing how a little technology training can produce drastic benefits with overall employee performance. If there are software packages you use or software packages you plan to start using in 2020, be sure your team members are properly trained.

Maybe you’ll be upgrading versions of a particular software which will introduce new features and functionality.

Don’t assume that your team members will figure these new features out on their own. Add technology training to your budget for 2020, and then use those funds to invest in your team. Technology training isn’t only for complex proprietary software, you should also consider basic training for admins, such as Microsoft Word, Excel, or Outlook.

Again, set your team up for success by ensuring they have the tools and knowledge they need.

#5: Outsource Or Insource

Do you currently outsource some of your technology tasks? Does it make sense to bring that back in-house? Or, on the flip side, do you currently handle some technology tasks in-house that you should consider paying a vendor partner (with more expertise) to handle?

Both outsourcing and insourcing have their pros and cons, so spend some time thinking about what makes the most sense for your business.

Ryan has been heavily involved in the world of Information Technology and entrepreneurship since the early 2000s. From small business consulting to Fortune 500 IT leadership, Ryan has a wide array of industry knowledge. He earned his BBA from the University of Iowa in 2004 majoring in Management Information Systems and later earned his MBA from the University of Iowa in 2009 with a focus on Management and Marketing.

Ryan is a published author, having published "Internship Mastery: The Technology Student's Guide To Crushing Your Internship And Launching Your Career" in December 2019.

When he's not spending time with his wife and three young children, you'll find Ryan pounding away at his keyboard, spinning on his Peloton, or listening to a good audiobook or podcast.

Connect with Ryan on Instagram.

Ryan Glick

Ryan has been heavily involved in the world of Information Technology and entrepreneurship since the early 2000s. From small business consulting to Fortune 500 IT leadership, Ryan has a wide array of industry knowledge. He earned his BBA from the University of Iowa in 2004 majoring in Management Information Systems and later earned his MBA from the University of Iowa in 2009 with a focus on Management and Marketing.

Ryan is a published author, having published "Internship Mastery: The Technology Student's Guide To Crushing Your Internship And Launching Your Career" in December 2019.

When he's not spending time with his wife and three young children, you'll find Ryan pounding away at his keyboard, spinning on his Peloton, or listening to a good audiobook or podcast.

Connect with Ryan on Instagram.

Ryan Glick