The Costs in IT

Episode 78

If there’s one thing we’re all feeling right now, it’s the strain on our wallets! The cost of fuel, interest rates, suppliers, freight, lettuce and have increased. This is happening across the globe and we’re heading into a market that we haven’t seen in a while.

In this week’s episode of the WineDown, Scott and Nick discuss:

• The real cost of inflation, lockdowns, and supply chain issues
• How people, businesses and the IT industry are all navigating these challenges (and their own cost structures in this new world)
• How businesses can use automation to remain competitive and efficient without incurring more costs
• What type of businesses would benefit the most from automation

We’re Living in Uncertain Times

Let’s take a look at an example of costs being passed onto customers...

A large portion of computer chips is manufactured in Shanghai. With factories being closed due to lockdown, production has slowed, further leading to a global supply shortage.

At first, this may not seem as worrisome, until you begin to think about all of the machinery that relies on these chips: power supplies, wireless access points, routers, switches, PCs, laptops, networking gear…

Manufacturers can’t keep up with demands, and retailers can’t keep up with the supply chain issues, forcing them to bump up the costs.

A Better Way Forward

So, what is the solution that could lessen the impact on our business and customers? Automation.

If you have a business that relies heavily on people and labour, those people will demand higher wages. By removing manual labour where we can, we can do more with less. It’s all about using people more productively for the skills and information that they have to be able to scale on the back of that knowledge.

If you can’t fulfil demand, yet want to have a competitive edge, then automation is the answer.

The benefits of automation are endless:

• Lower operational costs
• Reduce factory lead times
• Increase production output
• Eliminate repetitive tasks and put your people to better use
• Reduce human error
• Provide consumers with a greater source of goods
• Improve scalability
• Become more data-driven to make better business decisions.
• And more!

Automating your business has never been more important than now. Invest in a much more efficient and cost-effective future for your business.

Talk to us today and start automating your business.

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Wine Of The Week

For this week's episode of the WineDown, we sat down and tried a lovely bottle of Spanish Tempranillo (4/5⭐).