How Outdated Technology Can Cost Your Business [Infographic]

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Source: Microsoft

Even small businesses are expected to have up to date technology. Customers expect it. Running older and outdated technology can slow down operations and even prompt customers to take their business elsewhere. Not to mention, it costs you, the business owner, more money to run outdated technology than it does to run newer technology.

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How Outdated Technology Can Cost Your Business [Infographic]

  1. 1. 25% HOW OUTDATED TECHNOLOGY CAN COST YOUR BUSINESS OUTDATED TECHNOLOGY WILL... TARNISH YOUR BRAND enhance your reputation ENHANCE YOUR REPUTATIONdecrease sales enable success ENHANCE YOUR REPUTATIONdrive repeat customers away spark a loyal following Source: Microsoft commissioned and conducted a survey among 1,405 general consumers between September 13-16, 2013. More than 90% of consumers said they would consider taking their business elsewhere rather than work with a company that uses outdated technology. Consumers are more tech savvy than ever, and they expect even small businesses to use the most up to date technology. Using outdated tech can not only cost small businesses productivity, repeat customers and revenue, but it also can cause reputational damage. Here’s how sticking with outdated technology can cost you – and how investing in updated technology can pay off. 61% of consumers think a SMB is outdated if the company is still using a 5-10 year old operating system. Nearly 60% of consumers think a SMB is outdated if a company is still using a 5-10 year-old desktop computer. Nearly 25% of consumers think a small business is not professional and lacks credibility when they see it uses a free, cloud-based email service. Consumers anticipate modern businesses use real-time, interactive customer service... ...modern mobile devices... ...and the latest operating system. 25% 61% 60% Businesses with outdated technology are facing Windows XP and Office 2003 end of support in April 2014. To learn more about the risks of outdated technology and benefits of modernizing, download our free eguide. UPDATED TECHNOLOGY WILL... 60% 58% 55% 80% More than 80% of customers will leave a business’ website and abandon an online purchase if the site is outdated. 68% 68% of consumers think the use of modern technology is critical to the success of a business. 57% of consumers agree that small businesses that use modern technology are more competitive in the marketplace. 57% 49% of consumers never return to a business they heard has been hacked. 62% say they are likely to become a repeat customer of a business that uses modern technology. 49% 62%

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