Digital threats have been a growing concern for many businesses, especially as more industries embrace remote work. The number of ransomware attacks increased by 92.7% in 2021 compared to the previous year. What started as an uncommon malware for blackmailing smaller...
Trimming IT costs by just 1-2% can translate to high annual savings. On average, businesses spend around 4-6% of their revenue on IT. The smaller the company, the higher the yearly costs are compared to its revenue. That is further varied by industry, as retail can be as low as 1.2%, while financial services can reach over 11.4%.
With many long-standing businesses having more mature IT architecture, it’s made it challenging to reduce IT costs. Part of that difficulty is finding ways to streamline the workflow and reduce unnecessary monthly-paid services. That has created a need for more experienced specialists, like enterprise IT architects, to provide input into improving established systems and reducing spending wastage.
What Is an Enterprise IT Architect?
What Does an Enterprise IT Architect Do?
Technology is constantly changing, making IT systems that were once competitive become outdated and burdensome if not properly maintained. Outdated technology alone can cost employers almost $4,000 per year for each full-time employee. Extra productivity can be lost in other areas, too, like poorly implemented or inefficient systems.
An enterprise architect will stay informed about the latest trends and understand what adjustments can benefit each business individually. Since ERP software can be involved with many processes, they also must know how it’s used and what impact any changes might have.
Due to their involvement with the business and IT functions, enterprise architects also participate in technical discussions and IT staff usage. Even when outsourcing, they’re expected to take a leading role on assigned projects. That means understanding the solutions, the implementation, the problems being solved, and clearly communicating that information to anyone who needs it.
How Much Do They Cost to Hire?
- Region or city size
- Type of industry
- IT complexity
- Years of experience
- Staff required
- Length of the project
- Impact on revenue
- Staff training
With that in mind, the smaller and more manageable the task, the cheaper it will be. With large-scale IT overhauls, they’ll be more expensive and involve more staff, but they can also have more of a positive impact. Higher cost of living areas can also influence the baseline pricing. An experienced IT architect may also charge a higher rate, but they’ll bring a greater level of services and knowledge.
When Is One Worth Using?
Different industries rely on IT in varying amounts, with the tech industry itself being the second largest contributor to the US economy at 10.5% of the total GDP. Some enterprises may not have as much flexibility if they have strict internal guidelines, minimal technology usage, or plan to maintain outdated systems. Other industries may get a higher return on investment (ROI) by prioritizing their IT before shifting to other aspects.
The main reason to hire one is when the improvement is greater than the time and cost. A common area of change is cloud services. As recently as 2019, non-cloud & dedicated infrastructure held over 50% of the market share. By 2025 it’s expected to drop to 33.9%, with cloud & dedicated and cloud & shared systems projected to overtake it.
Benefits from changes can come in many forms, whether it’s increasing productivity, reducing costs, overhauling systems, or indirectly supporting other business areas. While most infrastructure can be improved no matter how well established it is, whether the ROI is worth it varies case by case.
How Can You Get the Most Out of Hiring One?
Even with all the benefits of hiring an enterprise IT architect, finding the right person and business to partner with can take time. The longer a business waits to fix its IT issues, the more revenue and productivity can be lost over time. Third-party companies like ITonDemand have specialists who can provide high-level IT guidance, along with the staff and resources to install proven solutions. For enterprises who want to improve their IT from top to bottom, hiring an enterprise IT architect is well worth the cost.
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