Series 1 – 2023 Top Business Challenges

Table of Contents

Overview – Business Challenges – Introduction to a Four-Part Series

Small and medium-sized businesses (SMBs) have always had to adapt and innovate to stay competitive in their respective industries. However, with the rapid pace of technological advancements and increasing cyber threats, the challenges faced by SMBs in 2023 continue to multiply.

To tackle these challenges, business leaders and IT teams must be aware of the latest trends and be aligned to prepare themselves accordingly.  In this series of 4 daily posts, we will explore some of the top business challenges that SMBs are facing in 2023 along with strategies to overcome them.

Business Challenges – Series 1 Topics

Part 1 – Retaining and Maturing IT Staff – As businesses invest in IT solutions, they also need to ensure they have the right talent in place to manage and maintain them. In 2023, competition for IT talent is expected to be fierce, especially for SMBs that cannot offer the same salary and benefits packages as larger enterprises.

Part 2 – Cyber Breach and Incident Response – In today’s digital landscape, cyber threats are becoming more sophisticated and prevalent. SMBs, unfortunately, are often seen as easy targets due to their limited cybersecurity resources. In 2023, businesses must prioritize cybersecurity to protect their sensitive data and reputation.

Part 3 – IT and Digital Transformation – Technology is advancing at an unprecedented rate, and SMBs must keep up to stay competitive. We will define both IT and Digital Transformation. This includes implementing digital transformation initiatives such as cloud computing, automation, and artificial intelligence. However, many paths to addressing transformation require significant investments of time and money.

Part 4 – Resource Management and Business Intelligence – In today’s economy, data is king. SMBs need to be able to gather and analyze data to make informed decisions that will drive their business forward. Many SMBs struggle to compete with larger enterprises in terms of their data capabilities.

About iLLÜM Advisors

At iLLÜM we are passionate about helping our SMB clients overcome IT challenges without simply throwing money at additional technology point solutions.

We accomplish this by enabling their existing IT teams to deliver transformative solutions with velocity and improve cyber risk postures. Our team of senior IT leaders, project managers, and industry-leading IT management platform help SMBs tackle their most pressing IT challenges at a fraction of the cost.

All our service options are provided on a month-to-month term for both consultants and software subscriptions, so organizations of all sizes can receive required IT guidance on-demand, within budget, and without the costs associated with long-term commitments.

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