In line with yesterday's report, a study conducted by business software provider Sage suggests that businesses see incredible value in new technologies, and will spend accordingly in the coming fiscal year.
The 2012 Sage Index Business Report states that 53 percent of businesses will invest in mobile technology in the next 12 to 14 months. This represents the most popular procurement strategy for all U.S. companies. Right behind it, at 52 percent, is computer hardware.
The report indicates that most businesses understand the importance of utilizing technology to improve daily operations. Sage managing director Alan Osrin went as far to say that procuring innovative mobile business solutions may be the smartest investment to make in the current economic climate.
"During these uncertain economic times, mobility offers a way of increasing business productivity and potentially driving down costs of conducting business," Osrin said in the report.
Even if businesses do invest in mobile technology as a long-term cost saving strategy, the report indicates that many still have a lot to learn. According to the study, only 53 percent of decision makers had heard of the term "cloud computing" before the survey, although roughly 50 percent of that group indicated that they would be interested in a cloud solution once the concept was explained to them.
The report suggests that decision makers need more education if they are going to make intelligent decisions when buying new IT solutions. More businesses are concerned with budgets than before – 67 percent of surveyed individuals listed technology costs as their biggest challenge, up from 47 percent last year – so purchases should be made with as much knowledge as possible.
Many consultants can provide the knowledge needed to make smart business technology decisions.
