3 min read

IT Profitability Roadmap and Checklist for Maximizing Efficiency and Cost Savings

IT Profitability Roadmap and Checklist for Maximizing Efficiency and Cost Savings

If you’re hoping to cut costs and boost profitability without compromising productivity or efficiency, assessing the technology you use in day-to-day operations is one of the first areas in your business to examine. 

We’ve created a roadmap that you can use to go step-by-step through your organization to determine if and where you can save money or utilize new or better technology to improve operational efficiency.  

 


☑️1.  Software Licensing and Subscriptions: 

  • Review all software licenses and subscriptions to ensure compliance. 

  • Identify any unused or redundant software and eliminate unnecessary expenses. 

 

☑️2.  Cloud Services Optimization: 

  • Evaluate your usage of cloud services and consider optimizing resources based on actual needs. 

  • Monitor and adjust cloud service subscriptions to match fluctuating business demands.

  • Evaluate security protocols for cloud-based services to ensure you’re not at risk of a data breach. This can be an expensive problem, so do not skip it. 

 

☑️3.  Technology Inventory:  

  • Conduct a comprehensive inventory of your current technology assets, including hardware, software licenses, and peripherals like monitors, printers, keyboards, etc. 

  • Identify outdated or underutilized equipment that can be upgraded or decommissioned. 

 

☑️4.  Remote Work Infrastructure: 

  • Optimize remote work capabilities to support flexible working arrangements. Inefficiency in this area will decrease productivity, inflate costs, and increase cybersecurity risks. 

  • Invest in secure collaboration tools and virtual private network (VPN) solutions for remote access. 

 

☑️5.  Telecommunications Optimization: 

  • Review telecom expenses and consider renegotiating contracts or exploring alternative providers. 

  • Utilize Voice over Internet Protocol (VoIP) for cost-effective and scalable communication solutions. 

 

☑️6.  Network Performance:  

  • Regularly monitor and optimize network performance to ensure faster and more reliable data transfer, reduce downtime, enhance the user experience, and support cost savings, ultimately contributing to the overall efficiency and success of your business operations. 

  • Implement quality of service (QoS) settings to prioritize critical applications and services. 

 

☑️7.  IT Help Desk Efficiency: 

  • Implement or optimize an IT help desk system to streamline support requests. 

  • Use a faster, more efficient ticketing system to track and prioritize IT issues, improving response times and resolution rates.

 

NOTE: This cybersecurity measures list barely scratches the surface. If you haven’t had a professional dig into your security solutions, this needs to be a priority. Data breaches are expensive and can shut a business down. Click here to book a call with our team. 

 

☑️8.  IT Security Measures: 

  • Regularly update and patch software to address security vulnerabilities. 

  • Ensure that antivirus, anti-malware, and other security solutions are up-to-date and active. 

  • Conduct regular security audits and employee training to prevent security breaches. 

 

☑️9.  Employee Training Programs: 

  • Provide ongoing training programs to enhance employees’ IT skills and awareness.  

  • Reduce support costs by empowering employees to troubleshoot common issues independently. 

 

☑️10.  Mobile Device Management (MDM): 

  • Implement MDM solutions to manage and secure mobile devices used by employees. 

  • Enforce policies that ensure data security on company-issued or BYOD (bring your own device) devices. 

 

☑️11.  Vendor Management: 

  • Review vendor contracts and negotiate better terms, or explore competitive options. 

  • Consolidate vendors where possible to simplify management and potentially reduce costs.

  • Evaluate vendor cybersecurity practices to ensure your data is as secure as possible. If they are breached and your data is released, you’re still at fault. 

 

☑️12.  Data Storage Optimization: 

  • Assess data storage needs and implement data archiving strategies to free up primary storage. Are you saving documents you don’t need? Are there redundant files that should be removed?

  • Consider cloud storage options for scalability and cost-effectiveness. 

 

☑️13.  Energy Efficiency: 

  • Implement energy-efficient practices, such as consolidating servers, using energy-efficient hardware, and optimizing data center cooling.  
  • Consider virtualization to reduce the number of physical servers, saving both energy and hardware costs.  

 

☑️14.  Energy-Efficient Hardware: 

  • Invest in energy-efficient hardware to reduce electricity costs and contribute to environmental sustainability.

  • Consider upgrading to newer, more power-efficient devices when replacing outdated equipment. 

     

☑️15.  Paperless Initiatives: 

  • Explore paperless solutions to reduce printing and document storage costs. 

  • Implement digital document management systems for greater efficiency and cost savings. 

 

By systematically addressing these areas, business owners can enhance their IT infrastructure, drive productivity, and achieve cost savings that contribute to overall profitability. Regularly revisiting and updating this checklist will help businesses stay agile in the ever-changing landscape of technology and business operations. 

 

If you need help implementing the action steps on this list, our team is ready to help. Click here to book a FREE 10-Minute Discovery Call with our team, where we’ll discuss what your company needs and answer any questions you might have. 

 


IT Buyers Guide

 

Teknologize is a SOC 2 accredited, Professional Technology Services company with clients throughout the Pacific Northwest. We have offices located in:

  • Tri-Cities, Washington 509.396.6640
  • Yakima, Washington 509.396.6640
  • Bend, Oregon 541.848.6072

Questions about your IT or Cybersecurity? Give us a call today!

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