iTnews
  • Home
  • News
  • Technology
  • Hardware

SMEs hit by soaring energy costs

By Matt Chapman
Nov 9 2007 7:52AM
Follow google news

Energy made up the "biggest cost increase" for small and medium-sized businesses over the past two years, according to a worldwide survey..

SMEs hit by soaring energy costs
The cost of energy rose more than for healthcare, payroll, rent and equipment for 1,400 SMEs questioned by IBM.

Just under six out of 10 firms expressed concern about the environment, and 44 per cent claimed to have put general environmental policies in place.

However, IT decisions exhibited a bigger change, with over half of the companies reducing the energy consumption of their technology.

This included purchasing more energy-efficient technology, consolidating servers or evaluating server usage and performance.

"Despite the different reasons for small and mid-sized businesses to reduce their energy consumption, what is important is that businesses are taking action," said Steve Solazzo, general manager of IBM's Global Midmarket Business.

"The alignment of business interests and environmental interests underscores an important point: green business has become good business."

However, the study found that US businesses were less likely than companies in other countries to make energy-reducing decisions based on environmental concerns.

Fifty-two per cent of non-US businesses based decisions on energy reduction, compared to only 38 percent of SMEs in the US.

US businesses were also less likely to know how much their IT systems contributed to overall energy costs.

The survey interviewed businesses with between 50 and 500 employees in eight countries.

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:
bycostsenergyhardwarehitsmessoaring

Related Articles

  • Microsoft teases new era of AI-driven devices Microsoft teases new era of AI-driven devices
  • PsiQuantum to build computer at Moreton Bay PsiQuantum to build computer at Moreton Bay
  • US to invest in IBM, other quantum computing firms US to invest in IBM, other quantum computing firms
  • South Korea says it will pursue all options to avoid Samsung strike South Korea says it will pursue all options to avoid Samsung strike
Join our WhatsApp Channel

Partner Content

Why resilient communications are becoming critical infrastructure for modern enterprise IT
Promoted Content Why resilient communications are becoming critical infrastructure for modern enterprise IT
Take control of your connectivity with Telstra’s Adaptive Networks Centre
Partner Content Take control of your connectivity with Telstra’s Adaptive Networks Centre
Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026
Partner Content Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026
Scalable AI solutions: secure delivery
Scalable AI solutions: secure delivery

Sponsored Whitepapers

Agile in the AI Era: why projects still fail
Agile in the AI Era: why projects still fail
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
High-volume data sources for AI-driven security analytics
High-volume data sources for AI-driven security analytics
How healthcare organisations can get more value from cloud
How healthcare organisations can get more value from cloud
1 in 3 companies lose SaaS data. Here’s how to prevent it
1 in 3 companies lose SaaS data. Here’s how to prevent it

Events

  • iTnews State of Security Breakfast iTnews State of Security Breakfast
  • iTnews State of Data & AI Breakfast iTnews State of Data & AI Breakfast
  • The 2026 iAwards The 2026 iAwards
  • Integrate 2026 Integrate 2026
  • Security Exhibition & Conference Security Exhibition & Conference
Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Google says it has cracked a quantum computing challenge

Google says it has cracked a quantum computing challenge

Microsoft teases new era of AI-driven devices

Microsoft teases new era of AI-driven devices

Australian teen leaks pictures of new iPhone parts

Australian teen leaks pictures of new iPhone parts

Federal Court orders Google to pay $55 million for anti-competitive conduct

Federal Court orders Google to pay $55 million for anti-competitive conduct

techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.