A study has determined that 59% of small and medium businesses in the UK are not adequately updating their software because the process is tedious and time-consuming. The survey of about 500 I.T. managers of small firms was done by Internet security company intY.

According to the study, the companies found it unnecessary to undergo the regular software updates, believing that only large networks are affected by security threats. But what’s worse news is that small firms are found to be paying more than what they need to, in terms of software licensing. About 61% of the SMEs surveyed paid more for software than what their organisations needed, since—quite unfortunately—software makers seem to design their licensing structures to favor larger organisations.

This is one worry startup companies must have to face—software issues are today among the top concerns one must address. Most of the time, small firms do not necessarily have their own I.T. departments to come up with good solutions for the business, and in this case, the tendency is to overspend.

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