Running a business in Bermuda comes with its own mix of advantages and challenges. The island’s strong presence in international finance, insurance, and small business means technology plays a vital role in how organizations function. From managing data to meeting regulatory requirements, IT is central to keeping work secure and reliable.
Here are five practical IT best practices for businesses across Bermuda.
- Understand Local Compliance Requirements
Bermuda has specific regulations around data protection and financial reporting, which businesses must follow to avoid fines or reputational harm. IT systems should support compliance by ensuring secure storage, controlled access, and reliable data backups. For example, businesses handling client financial information need systems that safeguard data while maintaining easy audit access. Aligning IT with local laws protects both the business and its customers. - Prioritize Cybersecurity
Bermuda is part of a connected global business community, which means local companies face the same cyber threats as their international counterparts. Phishing attacks, ransomware, and data breaches are increasingly common and can disrupt operations or compromise sensitive information. Implementing multi-factor authentication, endpoint protection, and regular employee awareness training helps reduce these risks. For Bermuda businesses handling financial or client data, strong cybersecurity safeguards trust, keeps systems running smoothly, and ensures compliance with both local and international standards. - Maintain Reliable IT Infrastructure
Downtime can be costly, particularly in a small island economy where local support options may be limited. Regularly updating hardware and software, maintaining backups, and having a clear disaster recovery plan can prevent interruptions. Reliable IT infrastructure ensures that business operations run smoothly, customers remain satisfied, and employees can focus on their work without technical interruptions. - Leverage Cloud and Remote Solutions
Cloud-based tools and services can give Bermuda-based businesses flexibility and scalability, even with a small IT team. Cloud solutions allow secure off-island data storage, facilitate remote work, and provide the ability to quickly scale resources as the business grows. When choosing providers, businesses should look for strong security standards, regional support options, and proven reliability. - Regularly Review and Plan IT Strategy
Technology needs evolve, and so should IT strategies. Regular reviews help businesses identify outdated systems, plan for future growth, and align technology investments with overall business goals. Strategic IT planning reduces surprises, ensures smoother operations, and positions the business to adapt to changes in the market or regulatory environment.
Building a Strong IT Foundation
Strong IT practices help Bermuda businesses stay secure, operate smoothly, and plan for future growth. Keeping up with local regulations, investing in cybersecurity, maintaining reliable systems, and implementing cloud solutions strategically builds a solid technology foundation. By planning ahead and making thoughtful IT decisions, businesses can protect their operations today and set themselves up for success tomorrow.
About ACT
Applied Computer Technologies (ACT) is a full-service IT provider, specializing in Reinsurance and Finance. Services include Cloud Services, IT Services and Support, Microsoft 365 and Azure Services, Business Continuity, Telephony and Virtual CIO Services. ACT has locations in Bermuda, Cayman Islands and Canada, with customers worldwide.
For the latest industry trends and technology insights visit ACT’s main Blog page.
