Small Business: British SMEs accused of old fashioned computing practices

Fasthosts, the UK's largest independent hosting company, claim that British SMEs lose 18 billion ponds annually die to "old fashioned computing practices".

Andrew Michael, CEO of Fasthosts, said: "In our experience many businesses are still stuck in 1980s computing mentality...They need to move and embrace new computing practices. It is impossible to put value on data so it needs to be kept under maximum security - data is the lifeblood of any business. Only a hosted environment offers the required security solutions in a cost effective bundle, however the SME market remains largely ignorant of this".

If you want detailed technical reasons read "Old Fashioned Computing Practices Cost Small Businesses 18 Billion Annually Says Fasthosts", (24-7 Press Release.com)