The end of the year is coming and is typically filled with last-minute work and holiday planning—a not-so-perfect combo that can leave your IT department scrambling. It can be easy to let things slide, but you should not neglect your end-of-the-year technology audit or IT budget for the upcoming year. We understand that this task can be overwhelming, but it doesn’t need to be when you partner with a reliable IT expert that can guide you through the challenges of establishing a solid IT budget and tech evaluation.

In our latest blog, we’ll take you through a step-by-step checklist that makes your end-of-the-year business technology audit and IT budgeting a breeze. Without further ado, let’s dive right in!

Your 7-Step Technology Checklist

  1. Evaluate Current Technology Infrastructures: We can help you assess your existing IT infrastructure, including software, hardware, networks and systems. From there, we can then identify any outdated components that are underperforming and need to be replaced and/or upgraded to the latest version. This will help improve reliability, performance, scalability and even security.
  2. Review Technology Goals and Objectives: Together, we can review your organization’s technology goals and objectives to ensure that they align with your current overall business plan. We can help to identify gaps or emerging needs that require our immediate attention. This will help assist in improving productivity, enhancing customer experience, strengthening your security and even helping to leverage new technology.
  3. Assess Technology Performance: The next step that is beneficial to your end-of-the-year technology audit is to evaluate the performance of your existing technology solutions. The key metrics we will look for are uptime, response time, user satisfaction and even system utilization. This will help to identify areas where performance is lacking. From there, we can help to determine the root causes and get your technology performing as it should.
  4. Consider Emerging Technologies: At Universal Data, we can help you stay up-to-date on the latest trends in emerging technology advancements and trends. This can help your organization improve processes, increase efficiency and even create new opportunities moving forward.
  5. Develop a Budget: Once your technology priorities have been identified, we can help you develop a solid IT budget. You’ll need to allocate a realistic budget that is going to align with your financial capabilities and cover re-occurring expenses.
  6. Explore Cost-Saving Measures: We can help you look for opportunities that will optimize your technology expenses. This could include exploring cost-effective alternatives or even consolidating redundant systems. We could even help you explore implementing new technologies that can help you save money moving forward, such as cloud migration or automating processes.
  7. Monitor and Review: Once you have reviewed every aspect of your IT infrastructure and corresponding technology, you’ll want to regularly monitor everything throughout the year. This will help ensure nothing goes wrong and your IT budget is in place.

Let Us Assist You with Your Technology Audit and IT Budget

Technology budgeting can be an ongoing process, and it’s crucial for your organization to adapt to the ever-changing digital landscape. By conducting a thorough end-of-the-year technology assessment, you’ll be in good shape to make informed decisions and allocate funds and resources effectively for the upcoming year.

Don’t know where to begin? Here at Universal Data, we can help guide you to make the best decisions not only for your technology but also your IT budget as well. Contact us today to learn more about how we can assist you.