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Don't be the last business owner to invest in technology

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Investing in new technology can often be frightening for chief information officers who don't want to lose precious dollars in their budgets on innovations that won't allow their business to see a strong return on their investment, reported Computerworld.

Far too many businesses have already waited too long to take advantage of processes such as bring-your-own-device, virtualization and cloud computing, which could be greatly affecting their bottom line. While these solutions may be more risky, there are many instances when they are more cost efficient. Rob Meilen, vice president and CIO at Hunter Douglas North America, told the source it's important to do some research before investing in new technologies.

"Someone early in my career said to me that part of the role of the CIO is knowing which frogs to kiss," Meilen told the website. "You have to try out some new things. But if you're not clever about which ones, you're going to waste a lot of time and not get much from it. It can't be chosen at random. It's an important element of what we do that we will take some risks on new technology."

These investments can make processes easier for business owners who want to be more efficient; however, before using new technology firms should invest in cyberliability insurance.

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