Winemaking software has been around for decades; however, the first variations look pale compared to what is on offer today. If your business hasn’t had a tech upgrade in years, or if you’re not using cloud-based winery software, chances are your tech is outdated and costing your business money.
You don’t have to look far to find some pretty scary statistics on the financial impacts. Several studies reveal that laggard technology can cost a shocking 46 minutes of the average employee’s work day. That’s almost 24 days of a working year and anywhere from $7.5k to $13k or more per employee, per year. Ouch!
Here are some other ways outdated winemaking software may be costing your business:
- Money The simple fact is that outdated technology costs businesses more than it saves because it is more expensive to maintain. Additionally, your IT costs will increase if your team can’t access support without paying a fee, especially as system effectiveness decreases over time.
- Security risk Outdated winemaking software may ultimately result in security vulnerabilities, leaving your company open to cyberattacks. Older software is often unsupported and has weak backup solutions meaning you’re at risk of losing valuable data.
- Productivity In this modern, digital age, employees have very little patience for outdated software. A workplace survey in the US found that businesses waste around $1.8 trillion per year on outdated technology, while one in four workers think their company’s technology limits their productivity.
- Staff morale Time and money are not the only things lost to sluggish winemaking software. Employees admit that it negatively impacts morale, especially if they have to work overtime to compensate for delays due to tech issues.
If all this is so, why are businesses delaying their tech updates?
The truth is, there are many reasons why businesses delay updating their technology. As the old saying goes: if it’s not broken, don’t fix it. Status quo bias is challenging to overcome, along with fear of change and inertia of habit. But hesitancy towards any potential business disruptions may be holding you and your business back from the far outweighing benefits of improved technology.
There’s an easy solution, though – and it all comes down to planning. Check out our ultimate guide to choosing the right winemaking software solution for your business.