Business

These Are the Top Tech Upgrades Your Business Needs to Make in 2023

Most small business owners know how important technology is to their business. It allows them to compete with further-established organizations and achieve more growth. Yet, budget constraints often keep business owners from investing in the latest tech. 

Instead of investing in every innovation, consider optimizing your budget by focusing on your business's most important tech upgrades.

Inflation hits Cyber Weekend 2022 with goods rising and sales slipping

New York, December 1, 2022 - Nosto, the leading Commerce Experience Platform (CXP), has released its annual Black Friday Cyber Monday (BFCM) 2022 data.

Analyzing more than 107 million website visits to 1,269 online stores during the BFCM weekend that use Nosto’s CXP (which includes merchants in North America, United Kingdom, Europe, Latin America, and Asia Pacific), they found that, while the BFCM weekend saw encouraging year-over-year growth in overall traffic (global +5.4%, NA +12.5%), sales (global +8.9%, NA +14.7%), and average order value (global +6.2%, NA +10.6%), inflationary pressures pushed the average selling price up (NA +8.5%), dragging down unit sales year-on-year (global -4.8%, NA -9.3%)[1].

Small Medium Businesses Represent a Trillion-Collar Opportunity for Communications Services Providers

Dublin, Ireland – November 30Beyond Now, a fast-growing ecosystem orchestration and digital platform provider, today launched global research that illuminates a ‘new’ kind of small medium business (SMB) market, one that has vast, untapped potential for communications services providers (CSPs) to accelerate their growth in the B2B sector. Despite impending recession, SMBs are not afraid to invest in technology as they understand it’s a key factor in improving business resilience.

Nosto named Elite Partner by Klaviyo as part of their newly-announced technology partner program

Nosto, already a best-in-class personalization provider in the Klaviyo ecosystem, achieves Elite Partner status as the two companies continue to grow their relationship and help brands build powerful, personalized online experiences

New York, October 11, 2022—Nosto, the leading Commerce Experience Platform (CXP), has been named an Elite Partner by unified customer platform, Klaviyo.

The recently launched technology partner program by Klaviyo differentiates partner status between ‘Verified’ and ‘Elite’, and aims to recognize close partner collaboration and further elevate the shared work achieved within their ecosystem.

Is Your Business At Risk of a Cyber Threat this Year?

Small business owners are busy growing their brands, hiring workers, creating new offers and managing customer relationships. It’s natural for them to somewhat put cybersecurity on the backburner. The problem with not protecting your company now is that you may be more at risk of an attack than you think. Cybercriminals don’t just target big corporations with hacking attempts. 

What I Learned From Quitting A Stable Job to Start a Law Firm

The goal of many law school graduates is to land a job at a mid sized or large law firm right out of school. They value the security and learning opportunities from experienced lawyers, the benefits of having existing clients, and the relief of practicing law without concern for the business side of things.

For the more entrepreneurial among them, the appeal of starting their own solo firm is more attractive than working for someone else. This offers control and flexibility, and despite the risks, they can build something that’s theirs.

Over half of small companies aren’t taking any precautions against a possible Russian cyber attack

New research from Databarracks has revealed that 58% of small companies (less than 50 employees) were not taking any precautions against a possible Russian cyber attack.

The findings are from Databarracks’ 2022 Data Health Check survey of 400 IT decision makers. This year’s survey focused on themes of Ransomware, Cyber, Backup, Disaster Recovery and Business Continuity.

Barnaby Mote, Managing Director of Databarracks, commented “The current risk of cyber attack is high. All organizations, regardless of size, should be taking extra precautions to protect their data.”

By comparison, only 19% of large organizations (500+ employees) surveyed said they weren’t taking any precautions.

Monthly Subscriptions: What You Need to Know

Do you offer a product or service that would work well with monthly recurring billing? Subscription boxes and ongoing relationships both can be quite profitable for small businesses. However, there are some things you need to know before you take on this type of client relationship.

What Are the Types of Monthly Subscriptions?

Subscrybe recently reported the subscription economy will hit $274 billion this year, or increase by 23% between 2021 and 2022. If you’ve been thinking about jumping into this business model, now is the perfect time with so much growth.

How to Encourage Brainstorming in Your Tech Business

In the tech field, it’s imperative to remain fresh and relevant. Technology is constantly changing, and tech businesses have to keep up with new developments. Otherwise, it can be easy to fall backward.

However, many innovative “aha” moments stem from conversations led by an internal team. For that reason, you may want to uphold regular brainstorming sessions with your team. Yet, many business leaders find it difficult to foster a natural environment.