Is your school currently bleeding money due to its reliance on outdated technology? The answer is likely yes. A recent survey by Deloitte revealed that a staggering 82% of companies failed to meet their cost-reduction targets last year, with an inefficient technology infrastructure being the primary culprit.

The 2024 poll of nearly 300 business leaders on business margin improvement and technology transformation efforts revealed that challenges with their technology infrastructure are the biggest barrier to organizations seeking to improve margins by cutting costs. This same study found that over 50% of the respondents reported that leveraging data and generative AI strategies for improving margins would be their focus for 2024.

What does this tell us? Educational institutions should be increasingly seeking to adopt new, automated, AI-powered technologies to streamline operations, reduce costs, and enhance efficiency. However, many schools are hindered by outdated technology systems that fail to support these advancements.

Why Should Schools Upgrade Their Technology?

Legacy systems, typically categorized as technology that’s at least a decade old, can quickly become expensive to maintain. They are slower, need constant updates and patches, and don’t leverage new features as they’re developed. As a result, schools find it challenging to keep pace with their tech-savvy counterparts across all areas of the school.

But that’s not the only issue. Outdated technology increases your risk of cyber-attacks. Old technology typically cannot keep up with the rapidly changing world of cyber security. As new, more malicious threats emerge, older technology eventually becomes incapable of keeping up with the latest updates required to keep your network secure.

So, why do business owners put off updating technology when the data clearly shows that it will positively impact productivity and the bottom line? There are a couple of reasons, the main one being sticker shock. Seeing the price of updating technology infrastructure can feel overwhelming. Schools maybe run through risk-related questions like “What if something breaks?” or “What if it doesn’t work like they say it will?” However, the data shows that maintaining old technology could be more costly. A separate Deloitte study of CIOs in 2023 found that respondents spent an average of 55% of their technology budget on maintaining their existing systems.

There’s also the cost of switching. What will bringing systems down and transitioning to a new system cost? What will the cost be to train employees to use the software? These are all questions your IT team can help you answer BEFORE you start upgrading your technology. An experienced technician will help you analyze your system to see what needs to be updated and when and map out a plan to upgrade your system in the most efficient way possible. It’s easier than most schools think and pays off in increased productivity and profitability.

If you’re looking to upgrade your technology or are just tired of slow, outdated tech and want to see what the next step could be like, we’ll do a FREE Discovery Call. We will dig into your system and determine what you need to get technology that helps you run your school better. To book your Discovery Call, call us at 305-403-7582 or click here to schedule now.