With emerging digital disruptions like cloud, mobility, analytics, and social media, IT challenges for Small and Mid-Sized Business (SMB) have increased manifold. They have to adapt to these new changes and ensure business continuity while looking for more growth opportunities.
Today, we bring you the top 5 IT challenges encountered by small and mid-sized business:
Data integrity challenges
70% of small firms that experience a major data loss go out of business within a year. The most common challenge is data loss, majorly due to absence of adequate back up in the first place. The situation gets even more complicated with many increasing data complexities like structuring varied data types from disparate sources. Since most of the SMB don’t have dedicated professionals to deal with data challenges, it becomes difficult to maintain a minimum service level in case of a data disaster.
The average cost of per-minute downtime was $7,900 in 2013. SMB frequently faces database, hardware, and software downtime than their larger counterparts, as they don’t have the right kind of infrastructure or adequate investment in IT that allows them to maintain full-fledged IT maintenance services. Continue reading Top 5 IT Challenges for Small and Mid-Sized Business