According to an Alinean Inc. study, companies with less than $50 million in annual revenue spend about 6.9% of revenue on information technology. For a company earning a revenue of $30 million a year, this represents over two million dollars! This obviously affects profits, but consider the profit loss potential that may come from poor IT management. A study by IBM Security reported that the average cost of a data breach is $3.86 million, and a study by the U.S. Government reported that poor cybersecurity cost the economy between $57 billion and $109 billion in 2016. In other words, IT training programs that help employees stay safe on the internet could save quite a bit of money!
An IT department can help promote safe practices to employees working online and with software, but often these departments are understaffed, and with constant updates to various applications and the legislation regulating them, staying on top of things becomes incredibly difficult.
Using IT training to keep your staff updated on software and web development standards, as well as cybersecurity and strong digital practices, helps your company deliver the best versions of your products and services.
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