This time of the year, many organizations are reflecting on what happened in the past 12 months and setting resolutions for a better year ahead. When making resolutions for the new year, it's important to include resolutions related to your company’s technology.

As a proprietor of a construction firm, you may have difficulty knowing when your company’s IT system is falling behind. After all, you are a construction professional, not an IT expert. And with modern technology rapidly evolving, the technology you use today could easily become obsolete in a few years.

Many companies are hoping that the new year will usher in the end of the COVID-19 pandemic. But even if the crisis ends, consumer behavior and business processes will never be the same. The shared experience of remote working and increasing reliance on digital tools will lead to rapid changes in business technology.

In April 2021, 533 million Facebook users’ personal information including full names, contact numbers, email address, locations, and birthdates were posted in a hacking forum. Days after the Facebook data breach made headlines, there was a report that 500 million LinkedIn profiles were being sold in another hacking forum.

Every online account you have — from your work email to your social media pages — has a password. Like door locks, passwords protect your digital property by denying access to unauthorized entities.

But passwords can be difficult to manage. According to NordPass, an average person has about 70–80 passwords.

Policies that limit operating capacity and encourage social distancing pose a threat to North Carolina businesses that rely on traditional marketing methods, like word of mouth and distribution of flyers. If your business is one of those bound to be affected by the new normal, keep in mind that every modern business problem calls for a modern business solution.

Remote work arrangements will become part of the norm in post-COVID-19 workplaces, and businesses will have to rely heavily on cloud-powered technologies more than ever. But while these technologies give organizations unprecedented accessibility, they are also prone to cyberattacks.

Technology has dramatically changed legal work. E-discovery software now does the tasks once handled by new associates, and tools for contract management, document automation, eBilling, IP protection, practice management, risk and compliance, and so on have automated many functions within legal offices.

Here at Spectrumwise, we know that you appreciate the immense business value of technology. But we also realize that complicated tech jargon can be a barrier to taking your business to the next level. That’s why we’ve put together a useful glossary of the cutting-edge solutions we offer and some IT terms to help you wisely chart the future of your business.

In today's era of data and digitization, technology is needed to run almost any conceivable business to success. But many organizations, especially small- and medium-sized businesses (SMBs), understandably put off spending on updating their technology, squeezing every last drop out of old computers, servers, systems, and the like.