The technology refresh cycle can seem like a vicious circle. With the complexities of today’s IT infrastructures, there is constantly one component or another coming to the end of its life.

This uncertainty often leads to rising IT costs, increased security risks, and a misalignment of technology and business goals. The key to stabilizing technology costs and creating better business alignment is to actively plan for technology lifecycle management.  

There isn’t a business today that doesn’t rely on their IT resources being safe and available. Downtime is expensive and stressful, and even short periods of downtime can cause chaos. As if that wasn’t enough to keep you up at night, an outage or other event that causes data loss could be the end of your business. Many businesses that suffer major data loss never recover.   

Protecting data and maintaining a high level of availability for critical applications is one of the IT department’s core functions, but it’s not always easy. In fact, many organizations only do the bare minimum to protect their data. Why? Traditionally, adding layers of protection has been expensive and complex.

It’s a constant struggle for any business leader. As your company continues to embrace tech-driven advancements, the demands on your enterprise IT are intensifying—and it’s nothing less than frustrating. You need more data storage and network capabilities than ever before, while simultaneously trying to trim the budget.          

That leaves your IT team to either cut their overall costs, or to do more with the existing budget. Obviously, neither of these is an ideal solution given the ever-increasing needs of your company. Still, you’re faced with the age-old challenge: do everything faster, better, and cheaper.