Digital technologies are quickly taking over the world, with up to 65% of the global GDP expected to be digitized by 2022. Worldwide investment in digital transformations between 2020 and 2023 will total a colossal $6.8 trillion.
The truth is technology has revolutionized the way we do things, especially in business. It’s no wonder that 75% of small businesses turned to technology to stay afloat in 2020 amidst the ravages of COVID-19.
But investing in top-quality business IT solutions can prove expensive, especially for small businesses. Technology equipment and the training it takes to operate them don’t come cheap.
In recent years, more businesses have been turning to managed service providers (MSPs) to meet their IT needs, and it’s easy to see why. In today’s blog, we highlight ten top ways a managed IT provider helps your business.
Let’s delve right in.
Your IT Spending Becomes Predictable and Scalable
As we have already hinted, IT systems and infrastructure can be expensive. Technology equipment alone, such as laptops and monitors, will cost your company anywhere between $500 and $5,000 per employee per year. That’s a lot of money for a business that’s only starting.
But it’s not just the upfront costs that you need to worry about. It’s almost impossible to predict what your IT expenses will be as your company grows. Many businesses overspend because they can’t tell what to expect in the future.
Working with a reputable managed IT provider helps you avoid both problems. You can easily consolidate all your expenses into one fixed set of OPEX costs.
Most MSPs charge fixed monthly rates for their IT services, including hardware maintenance and repairs. Thus, you don’t need to worry about unexpected costs cropping up and messing up your budget.
You Get to Keep Costs Low
Sunk costs can take a substantial portion of your budget. These costs include recruiting and onboarding expenses, monthly salaries and benefits, employee training, insurance, and so on. When you choose to work with a managed IT provider instead, you get to avoid all these sunk costs.
With an MSP, you get a ready team to offer you the services you need when you need them. The extra expenses that come with running a full-time in-house team are altogether eliminated.
Besides keeping your capital expenditures low, you also get to save on consulting costs as your MSP has got you covered.
You Get to Benefit From Proven Expertise and Experience
A huge benefit of opting for managed IT provider services is that you instantly get a team with the necessary qualifications, certifications, and experience. Even better, the team you get has skills relevant to your specific industry.
With an MSP, you gain access to top-of-the-line IT administrators who come with the skill sets you desire. Thus, you don’t need to search for and hire seasoned talent. And because managed IT providers handle IT issues on a daily basis, you can be confident that you have access to the latest in IT at any given time.
You Get Faster Response Time
In the world of business, things move incredibly fast, and not keeping up can prove costly. Any IT downtime can prove disastrous, with Gartner estimating that businesses lose an astounding $5,600 per minute as a result.
One of the best ways to avoid downtime is to work with a top MSP. These providers include an uptime guarantee as part of the contract, ensuring that things in your business never slow down.
Find a service provider that offers round-the-clock support every day of the year. You can look here for more information on such a provider.
A top provider will always offer proactive monitoring and issue fixing. This way, they can always catch issues that may cause downtime and fix them before they escalate. In the end, your business continuity remains uninterrupted.
You Get to Enhance Your IT Security
Cybercrime is a real threat to today’s businesses, with over 4,000 ransomware attacks happening every day in the US alone. The vast majority of small businesses never recover after a single data breach. That’s why it’s so vital to invest in your cyber security.
Working with a top MSP ensures that you benefit from cutting-edge IT security technology. These professionals stay on top of cybersecurity trends and can instantly identify new threats and deal with them effectively. With such a partner on your side, you don’t need to worry about getting breached.
You Get to Maintain Data Security Compliance
In today’s increasingly digitized world, organizations are obligated to meet strict security standards when handling client data. Some of these standards are provided by the HIPAA and Family Educational Rights and Privacy Act.
The standards contained in these acts spell out certain rules regarding privacy, retail establishments, financial services, and reporting and security in healthcare.
Failure to meet these requirements attracts heavy penalties. The surest way to make sure that you’re compliant with all security requirements in your state is to work with a seasoned MSP.
Get Your Business IT Solutions From a Dependable MSP
Any company that wants to stay ahead in today’s competitive marketplace must invest in top-grade business IT solutions. Thankfully, there are many MSPs who offer these services today. Such a provider can greatly improve your business’ competitiveness and efficiency while saving you a considerable amount of money in the process.
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