IF YOU ARE THINKING ABOUT YOUR TECHNOLOGY – IT IS COSTING YOU MONEY.

IF YOU ARE THINKING ABOUT YOUR TECHNOLOGY – IT IS COSTING YOU MONEY.

Downtime can be very costly indeed. Research suggests that many businesses underestimate the cost of computer or network downtime. One survey of small to medium enterprises found that: 

  • 25% reported downtime costs of between $20,001 – $40,000 per hour. 
  • 26% reported downtime losses of $10,000 – $20,000 per hour. 
  • 27% reported downtime costs of $10,000 per hour or less.  

A study of larger businesses found that 40% reported downtime costs of $1 million to $5 million per hour. But downtime is not the only cost associated with computer or network inefficiency. There is a range of inefficiencies in IT systems that can impact business performance. Research suggests that between 20% and 40% of revenue is lost due to process inefficiency – or a businesses IT system operating less than optimally.  

But downtime and inefficiency are not the biggest IT-related issues costing money. Perhaps the biggest cost related to the time so many executives in businesses small, medium and large spend thinking about their technology rather than focusing on issues more directly related to profitability. When an executive is thinking about their technology, they are not thinking about making money.  

I like to think about technology. It is my business and my passion. This is not, however, the case for my clients. Most enquiries to Wolfe Systems come from executives who want to stop thinking about their technology so that they can focus on other parts of their business. Common issues include: 

  • Slow internet speeds – which can have a serious impact on productivity. 
  • Security threats and breaches – which are becoming more and more common. 
  • Data storage and retrieval issues – which are becoming increasingly important. 
  • Systems failures – which can have a catastrophic impact on productivity. 
  • Out of control costs – which are both common and painful. 

Our job is to eliminate these kinds of issues so that our clients never have to think about their technology again. Here are our thoughts on the five most common issues: 

  • No business ever needs to tolerate slow internet speeds. There is always a way of increasing internet speeds.  
  • Some 58% of security breaches are the result of staff errors. These and other threats need not be a source of concern.  
  • We have the technology to ensure efficient data storage and guarantee rapid and complete recovery after a systems failure.  
  • Eliminating the threat of systems failure involves – a long term strategy, an annual audit, and monthly reviews.  
  • Ensuring IT costs are under control involves – a long term strategy, an annual audit, and absolute transparency.  

If you spend any time thinking about your technology, you have probably engaged the wrong technology consultants. Your technology should operate in a manner that enables you to focus on core business. If your technology or Managed IT consultant is doing their job – downtime, data storage issues, recovery problems, and security threats should be a thing of the past. 

The question then is – how do you recognise the right Managed IT business or consultant for your business? Many businesses struggle to identify the consultant best suited to their business, and experience suggests that variations between Managed IT businesses and consultancies make a matching process essential. My advice in this regard can be summarised as follows: 

Ensure your Managed IT consultant is suited to the size and nature of your business. A compatible culture is essential. 

  • Never appoint a Managed IT consultant who is unwilling to set and be held accountable to agreed key performance indicators. 
  • Ensure your Managed IT consultant undertakes a comprehensive audit and provides a SER1 rating before proposing.  
  • Never appoint a Managed IT consultant who does not offer an annual audit and monthly reports with a SER2 rating. 
  • Ensure that your Managed IT consultant can demonstrate (and not just claim) the buying power to save you money.  
  • Never appoint a Managed IT consultant who is not open to conversation at any time – while giving you no reason to call. 

If you are thinking about your technology or your Managed IT consultant does not satisfy these 6 criteria – change consultants. The sooner you change – the more you will save and the less you will worry. Changing Managed IT consultant is straightforward. It can take just 60 minutes. All you need to do is: 

  • Take 5 minutes to call Wolfe Systems.  
  • Take 25 minutes to participate in the audit completed by Wolfe Systems.  
  • Take 25 minutes to review the proposal provided by Wolfe Systems.  
  • Take 5 minutes to send Wolfe Systems a confirming email. 

We will take care of the rest, including the closure with any existing arrangements or relationships in place.  

If you want to know more, please give me a call or email me.  

Ben Latter
Managing Director
0488 445 044
[email protected] 

YOUR COMPUTER NETWORK AND THE SUNK-COST FALLACY

YOUR COMPUTER NETWORK AND THE SUNK-COST FALLACY

Some 25 cognitive biases – or irrational thought patterns impact the behaviour of human beings, including business owners and executives. Arguably the most expensive of these cognitive biases is the sunk cost fallacy. When it comes to information technology, computer networks and data management, the sunk-cost fallacy is alive and well – costing Australian businesses millions. 

In economics and business decision-making, a sunk cost involves a cost that has already been incurred and cannot be recovered. In other words, it is a cost from the past that is no longer relevant to decisions about the future. The sunk cost fallacy occurs when a business or an individual continues to invest simply because of this sunk cost. It is akin to spending good money after bad and is illustrated by: 

  • Staying with a bank that charges too much because of all the effort put into developing a relationship over many years, or it is too hard to change. 
  • Retaining staff who are not performing because you have invested so much in their training and development over several years. 
  • Staying with a Managed IT consultant that is not accepting the responsibility for your technology because they know your business or is too hard to change. 

Studies in behavioural economics have consistently demonstrated that the sunk cost fallacy increases costs, reduces performance, and reduces job satisfaction. It takes strength to bite the bullet and change, but research shows it is smart. To avoid falling for and paying the significant costs associated with the sunk cost fallacy with technology, it is important to: 

  • Employ the latest version of all hardware. It will reduce the threats of system failure and security breaches while enabling greater automation.
  • Employ the latest version of all software. It will reduce the threats of system failure and security breaches while enabling greater automation.
  • Employ the latest systems architecture. It will help eliminate systems failures and increase efficiency.
  • Embrace digital transformation now. It has the potential to increase efficiency and reduce the cost of doing business significantly. 
  • Employ staff with the skills required, invest in training – even if that means redundancies. It will save money in the medium term. 

Saving money in these areas is very often a false economy. If you have the right Managed IT consultant, the costs should be manageable – delivering a high return on investment. Is your Managed IT consultant doing the right things?

  • Your managed IT consultant should be able to demonstrate – not just claim – the buying power to ensure you can afford the technology you need.  
  • Your managed IT consultant should work with you to develop a long-term strategy to stages technology purchases and minimise the impact on cash flow. 
  • Your Managed IT consultant should undertake an annual audit of your system to identify issues and opportunities.  
  • Your Managed IT consultant should provide monthly reports with a SER1 rating to facilitate equipment efficiency management. 
  • Your Managed IT consultant should offer a response time that is closer to 30 minutes than 3 hours. This will reduce downtime costs.  

Above all else – if you have a less than optimal Managed IT consultant – make the change immediately. The sooner you change – the more you will save and the less you will worry. Changing Managed IT consultant is straightforward. It can take just 60 minutes. All you need to do is: 

  • Take 5 minutes to call Wolfe Systems.  
  • Take 25 minutes to participate in the audit completed by Wolfe Systems.  
  • Take 25 minutes to review the proposal provided by Wolfe Systems.  
  • Take 5 minutes to send Wolfe Systems a confirming email. 

We will take care of the rest, including the closure with any existing arrangements or relationships in place.  

If you want to know more, please give me a call or email me.  

Ben Latter
Managing Director
0488 445 044
[email protected] 

Wolfe Systems asks you to take a moment for WORLD BRAIN TUMOUR DAY

This is a special day for some people at WOLFE SYSTEMS. It is a day that pays tribute to all brain tumour patients and their families.  We remember the ones we lost, celebrate the ones who survived, and inspire the ones who fight this dark and hidden disease

 

Brain tumours occur when the cells in the brain multiply in an abnormal way or a way that cannot be controlled. The tumour can be malignant, meaning it is cancerous, or it can be non-cancerous (benign). The tumours are graded from 1 to 4 and this depends on their location, how fast the cells are multiplying and the spread to adjacent areas or organs.

 

Getting involved in an event is great way to support and help fund brain cancer research in Australia. Find an event in your town by visiting Cure Brain Cancer Foundation

 

 

Wolfe Systems is a Business Technology Solution provider. Our offerings are tailored to our clients requirements, we believe Technology is a tool that should be harnessed to assist businesses to achieve their goals. Find out how we can help you today. Contact us now!

The Galaxy DLA0817g Or Wolfe Disk Shares Our Name So We Thought We Would Tell You More About It , As It Just Rewrote the Universe’s Timeline

A Mysterious Ancient Galaxy Just Rewrote the Universe’s Timeline

A disk galaxy in the early universe, just 1.5 billion years after the Big Bang, somehow formed during a time of chaotic cosmic conditions.

By Becky Ferreira

CONCEPT ART OF THE WOLFE DISK. IMAGE: NRAO/AUI/NSF, S. DAGNELLO

The galaxy we live in, the Milky Way, sports a rotating disk that extends across 100,000 light-years and contains billions of stars and planets. Scientists have estimated that this level of galactic girth, which is the signature of disk galaxies like the Milky Way, must take about six billion years to amass.

That assumption has been upended by unprecedented observations of a galaxy that evolved a rotating disk just 1.5 billion years after the birth of the universe, challenging our understanding of the timeline of the formation of galaxies like our own.

Known officially as DLA0817g and informally as the Wolfe Disk, this ancient and distant object sheds new light on the “open question in galaxy evolution” about “the epoch at which disk galaxies like our Milky Way formed,” according to a study published on Wednesday in Nature.

“Massive disk galaxies like the Milky Way are expected to form at late times in traditional models of galaxy formation,” notes the study, which was led by Marcel Neeleman, a cosmologist at the Max Planck Institute for Astronomy in Germany.

The presence of the disk galaxy in the early universe is unexpected because, as Neeleman noted in a statement, most galaxies in the early universe “look like train wrecks” because they are constantly absorbing clouds of hot gas that destabilize the disk. Models suggest that over a period of several billion years, this gas cools down, allowing the formation of a regular rotating disk, like the one Earth is currently situated in.

That said, “recent numerical simulations suggest that such galaxies could form as early as a billion years after the Big Bang through the accretion of cold material and mergers,” according to the new study, though it also notes that “observationally, it has been difficult to identify disk galaxies [in the early universe] in order to discern between competing models of galaxy formation.”

Neeleman led the team that first discovered the Wolfe Disk a few years ago, with the help of the late astrophysicist Arthur Wolfe, for whom the galaxy is nicknamed. The team was able to spot this rare sight thanks to an extremely bright galaxy located behind it, from our perspective on Earth, which backlit the gas and dust around the Wolfe Disk.

 

1589989749203-nrao20in04_Wolfedisk_Side_by_sidelabeled
THE WOLFE DISK GALAXY AS IMAGED BY DIFFERENT OBSERVATORIES. IMAGE: ALMA (ESO/NAOJ/NRAO), M. NEELEMAN; NRAO/AUI/NSF, S. DAGNELLO; NASA/ESA HUBBLE

 

The results confirmed that the object really is a disk galaxy, and constrained some of its key properties. For instance, the team clocked the rotation speed of the disk at around 170 miles (272 kilometers) per second, a similar clip to the Milky Way.

However, given that we are looking at this galaxy as it was some 11 billion years ago, it is understandably a lot smaller than the Milky Way. Whereas our galaxy may top the scales at over a trillion times as massive as the Sun, the Wolfe Disk—as we see it in the early universe—is about 72 billion times as massive as the Sun.

Though the Wolfe Disk may have evolved into a much larger galaxy by now, our view of it in the early universe is still unexpectedly big and stable for that era. Its existence suggests that a popular model of galaxy formation, which the study calls the “hot-mode accretion scenario,” may not be giving scientists the full picture of how galaxies form and evolve.

See the full article Beccy Ferrera via the VICE website here
Wolfe Systems are industry leaders with a strong focus on enriching our customer’s world through the use of technology. We are experts in understanding individual business models and our team will listen to you, work with you to create a support package tailored to your business needs, now and into the future. Contact us now!

New Website for Giuntini Chiropractic

It was a great pleasure to build the new Giuntini Chiropractic website for Edna and Jeremy.  They run a family friendly clinic and specialize, and  want children to be comfortable when they visit.  They have done this by providing a play area with books, puzzles and a play kitchen to keep children entertained and happy.  Edna and Jeremy also have a Therapy Dog, named Fluffy who provides cuddles and play time for the whole family.  Any mums who are breastfeeding, or bottle feeding, are encouraged to stay and feed their babies if necessary.  They even have a change area for those in nappies who might need to freshen up.

If you or your family are in need of some chiropractic care, please visit Giuntini Chiropractic.  You will be glad you did!

Get down to The Spaniard!

Now I must admit, I did like the client meetings at The Spaniard.  They have an amazing menu and the cocktails…. Well, let’s just say I sampled a few (try the gingerbread martini). They have the most delicious Spanish tapas, play inviting music and have the most friendly staff that I have come across.

The Spaniard take bookings, are good for groups or parties, and walk-ins are always welcome. They are open for Lunch, Dinner and Drinks.

If you are looking for a something a little different, try The Spaniard!