{"id":335,"date":"2025-02-06T00:05:00","date_gmt":"2025-02-06T00:05:00","guid":{"rendered":"https:\/\/www.yourtechupdates.com\/?p=2913"},"modified":"2025-02-06T00:05:00","modified_gmt":"2025-02-06T00:05:00","slug":"fomo-driving-businesses-to-spend-more-on-it","status":"publish","type":"post","link":"https:\/\/nyetechnologysolutions.com\/?p=335","title":{"rendered":"FOMO is driving businesses to spend more on IT\u00a0"},"content":{"rendered":"<div style=\"padding:56.25% 0 0 0;position:relative;\"><iframe class=\"fitvidsignore\" src=\"https:\/\/player.vimeo.com\/video\/1039610349?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"US - Tech update video ready to use\"><\/iframe><\/div>\n<p><script src=\"https:\/\/player.vimeo.com\/api\/player.js\"><\/script><\/p>\n<p>Ever feel like you\u2019re racing to keep up with all the new tech out there? You\u2019re not the only one. Businesses are spending more on software than ever before\u2026 and it\u2019s in no small part due to \u201cFOMO\u201d \u2013 fear of missing out.<\/p>\n<p>In fact, a recent report shows that 76% of businesses are bumping up their software budgets for next year, with many planning to increase their spend by 5 to 15%.&nbsp;<\/p>\n<p>Why?&nbsp;<\/p>\n<p>It\u2019s simple: No business owner wants to feel like they\u2019re falling behind while their competitors are jumping on the next big thing. So, businesses are investing in tools that they think will make them better, faster, and more secure.<\/p>\n<p>Artificial intelligence (AI) is at the top of the list when it comes to the tech businesses want to invest in. This is because AI is making it easier to get stuff done; whether that\u2019s automating routine tasks, crunching numbers, or even improving customer service.&nbsp; &nbsp;<\/p>\n<p>But on the flip side, AI is also putting new tricks up the sleeves of cyber criminals. Meaning that businesses are having to spend more on cyber security to keep their data safe.<\/p>\n<p>The hardest part about buying software isn\u2019t usually the actual purchase \u2013 it\u2019s what comes after. Using new software takes planning, and everyone in the team needs to learn how to use it. If your team isn\u2019t ready, even the best software won\u2019t help you much.<\/p>\n<p>This is why many businesses are also investing in training tools, such as learning management systems (LMS). This helps bring employees up to speed, so your new tech doesn\u2019t just sit there collecting virtual dust.<\/p>\n<p>It can be tempting to be one of the first to adopt all the latest tools. But moving too fast can lead to headaches. It takes time to figure out what software is right for your business and how to make it fit into your processes. Jumping in without a clear plan could leave you with a tool that\u2019s more trouble than it\u2019s worth.&nbsp;<\/p>\n<p>The good news is that many businesses are getting smarter about how they choose software, using reviews, testimonials, and recommendations from experts (like us) to make informed decisions.<\/p>\n<p>If you\u2019re feeling the pressure to invest in new tools, take a breath. Think about what your business really needs:<\/p>\n<ul class=\"wp-block-list\">\n<li>Do you want to improve efficiency?<\/li>\n<li>Keep your business data secure?<\/li>\n<li>Help your team work better?<\/li>\n<\/ul>\n<p>Whatever the reason, make sure you choose tools that are in line with your goals and that your team is ready to use.<\/p>\n<p>FOMO might be driving the trend, but that doesn\u2019t mean you have to let it control your decisions.<\/p>\n<p>We can help make sure the tech you invest in pays off for your business in the long run. Get in touch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOMO \u2013 the fear of missing out \u2013 can creep into many aspects of your life. This can include FOMO over business tech, which is driving many businesses to spend more. But are you making the right choices for your business?<\/p>\n","protected":false},"author":1,"featured_media":336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information"],"_links":{"self":[{"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=335"}],"version-history":[{"count":0,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=\/wp\/v2\/media\/336"}],"wp:attachment":[{"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nyetechnologysolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}