Highlights
Some business owners are spending more on their IT because they don’t want to be left behind. But they’re not always spending on the right things. Here’s how to stop tech FOMO eating up your budget…
Ever feel like you’re racing to keep up with all the new tech out there? You’re not the only one. Businesses are spending more on software than ever before… and it’s in no small part due to “FOMO” – fear of missing out.
In fact, a recent report shows that 76% of businesses are bumping up their software budgets for next year, with many planning to increase their spend by 5 to 15%.
Why?
It’s simple: No business owner wants to feel like they’re falling behind while their competitors are jumping on the next big thing. So, businesses are investing in tools that they think will make them better, faster, and more secure.
Artificial intelligence (AI) is at the top of the list when it comes to the tech businesses want to invest in. This is because AI is making it easier to get stuff done; whether that’s automating routine tasks, crunching numbers, or even improving customer service.
But on the flip side, AI is also putting new tricks up the sleeves of cyber criminals. Meaning that businesses are having to spend more on cyber security to keep their data safe.
The hardest part about buying software isn’t usually the actual purchase – it’s what comes after. Using new software takes planning, and everyone in the team needs to learn how to use it. If your team isn’t ready, even the best software won’t help you much.
This is why many businesses are also investing in training tools, such as learning management systems (LMS). This helps bring employees up to speed, so your new tech doesn’t just sit there collecting virtual dust.
It can be tempting to be one of the first to adopt all the latest tools. But moving too fast can lead to headaches. It takes time to figure out what software is right for your business and how to make it fit into your processes. Jumping in without a clear plan could leave you with a tool that’s more trouble than it’s worth.
The good news is that many businesses are getting smarter about how they choose software, using reviews, testimonials, and recommendations from experts (like us) to make informed decisions.
If you’re feeling the pressure to invest in new tools, take a breath. Think about what your business really needs:
- Do you want to improve efficiency?
- Keep your business data secure?
- Help your team work better?
Whatever the reason, make sure you choose tools that are in line with your goals and that your team is ready to use.
FOMO might be driving the trend, but that doesn’t mean you have to let it control your decisions.
We can help make sure the tech you invest in pays off for your business in the long run. Get in touch.
Tell us about yourself so we can serve you best.
Got a question?
More articles
.png)
This special edition of our Leading London series brings together the partners behind the rollout of the City of London Corporation’s new unified network, a major upgrade designed to strengthen public services and improve connectivity across the Square Mile and beyond.
The panel included:
- Sam Collins, Assistant Director of Digital and Data, City of London Corporation
- Chelsea Chamberlin, Chief Technology Officer, Roc Technologies
- Scott McKinnon, Chief Security Officer, Palo Alto Networks
- Rhod Morgan, Chief Operations Officer, Vorboss
- Elliot Townsend, Senior Director, Juniper Networks
- Christa Elizabeth Norton, Marketing Director, Roc Technologies
Together, they explored how the new network will improve public services, strengthen cyber resilience and support a more connected, future-ready City.
For many landlords and building managers, the word “wayleave” feels like the responsible route whenever a fibre circuit is being installed on their property. It sounds formal and safe – a neat legal box to tick.
In many cases, however, a wayleave adds unnecessary complexity and delays, frustrates tenants, and can expose landlords to long-term legal risks.
At Vorboss, we’ve connected thousands of office spaces across London without a wayleave, keeping landlords in full control and getting tenants online faster.
What is a wayleave?
A wayleave is a written agreement between a landowner and a telecoms operator. It gives the operator permission to install and keep equipment on private property.
What many people don’t realise is that signing a wayleave also activates “Code rights” under the Electronic Communications Code. These rights go beyond simple permission, they give the operator legal powers to stay on the property indefinitely, access it when needed, and even refuse removal of their equipment in certain situations.
For a typical connection into a commercial building in London, a wayleave can make the fibre installation process slower, more expensive, and limit the landlord’s flexibility long term.
Why a wayleave isn’t required for standard in-building fibre connections
For a standard in-building fibre connection serving a tenant, a wayleave isn’t a legal requirement. Important protections, like building access, fire safety, repairing any damage, and removing equipment, are already covered by the tenant’s lease and usual building rules.
If no wayleave is signed, no Code rights are triggered, meaning the landlord retains full control and the installation exists under a simple, fully revocable licence.
In practice, this gives landlords far more protection and flexibility:
- No legal lock-in – the telecoms operator has no long-term rights to stay or refuse removal.
- Landlords keep full control – equipment can be moved or removed when the building changes.
- Faster fibre installation – no time lost in drafting contracts or solicitor reviews.
- Happier tenants – connections go live quicker; tenants get to move in faster.
By contrast, signing a wayleave and granting Code rights introduces a complex and expensive legal process for any fibre removal or relocation. This can take at least 18 months, plus potential court or tribunal proceedings, making it slower, and far less flexible for the landlord.
.avif)
.avif)
