Commentary
10/31/2007
07:03 PM
Fredric Paul
Fredric Paul
Commentary

Smaller Companies Optimistic On Growth, Tech Investments

Bullish on their growth prospects, many small and midsize companies are planning significant investments in such new technologies as storage VoIP, virtualization, and Wi-Fi.



Bullish on their growth prospects, many small and midsize companies are planning significant investments in such new technologies as storage VoIP, virtualization, and Wi-Fi.According to a new survey 21% of smaller companies expect to grow by 20% or more in the next year, while 45% expect at least 10% growth. (Conducted by AMI-Partners for the Computer Technology Industry Association, the survey queried 724 businesses with 10 to 999 employees.)

That kind of growth means new hiring and new locations: Nine out of ten respondents plan to hire new workers while a third plan to open a new business location.

Significantly, smaller companies also plan to pour resources into proactive technology investments. Tops on their wish lists: data backup, storage and disaster recovery (29%), VoIP (24%), server virtualization and consolidation (19%), Wi-Fi (18%), and storage area networking (13%).

According to CTIA, this represents a sea-change for many smaller companies. Instead of waiting until something breaks to buy new technology, these firms are actively looking for ways to "leverage their networks and boost productivity and efficiency."

Here at bMighty, we think they're making the right choice.

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