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IT service providers can also significantly reduce costs for SMEs in regard to support services which can be very expensive to run internally. By investing heavily in technology, IT service providers create an economy of scale that allows SMEs to essentially keep their IT infrastructure up to date, year on year, without the huge costs involved in doing this in-house. A simple way to save money when it comes to IT costs in an early stage business is to look to cloud services, which can effectively cut out the large upfront costs of IT solutions by allowing small businesses to remotely access powerful services hosted in the cloud. Software and hardware issues can manifest themselves over time, but they can also happen very suddenly and the costs associated with dealing with critical issues can be very high, especially if you have to call on same day support services several times in a year.

The IoT is spreading its tendrils into every aspect of our everyday lives and is coming to be associated in some way or another with almost every device or contraption we encounter in our everyday lives. From toothbrushes that record brushing habits to cars that automatically update their own software, the growing ability of devices to sense and interact with their environments through the IoT is a big deal for businesses of all shapes and sizes. Tracking sensors will be able to keep tabs of your items, whether that means tracking products through a supply chain, never losing your equipment, knowing exactly where your field staff are and how quickly they can be at a job site, or managing your inventory. In addition to increasing efficiency and productivity, tracking technology vaunts a plethora of additional applications for businesses.