A managed service provider, or MSP, offers IT expertise and support to your user systems remotely. In 2021 many people worked remotely, leading to the IT departments relying on managed services. Now, in 2022, because more people are working from offices, and companies are implementing a hybrid work model there is a higher risk of cybersecurity breaches and a lack of resources. The leverage managed services market is expected to grow 8.1% in the upcoming 5-year period partly as a result of this.
Managed services companies work across a wide variety of industries, such as health care and government alike. They do everything from network infrastructure to system analysis, disaster recovery, and security. These organizations also serve as a bridge between emerging companies who are transitioning to cloud computing by optimizing new data centers or improving old ones.
There isn’t one way to leverage managed services. From cyber security consultants to regulatory compliance experts, strategic businesses use managed services for both technical knowledge specializations and day-to-day operational tasks.
Managed services for emerging and midmarket companies
Reasons Midmarket and Emerging Companies are Leveraging Cybersecurity
60% of small businesses go out of business within the first 6 months following a cyber attack. In the first 4 months of 2018 alone over 260 million records containing personal information were compromised. Most SMBs in agreement think they have more data to protect and are not confident that they can do it all by themselves
Learn about the advantages of managed services
To save money, one way to leverage managed services is to use an MSP. The International Data Corporation has conducted a study on the value of managed IT services. They found that every 100 users could save nearly $400,000 annually by teaming up with an MSP.
MSPs can do more than an individual IT team member. It is more efficient to use them because they have the skillset and bandwidth to manage large-scale projects as well as a variety of specialty IT needs.
With a MSP, you reap all of the benefits, such as infrastructure investment and increased productivity. IDC found that for every 100 users, organizations invest almost $275,000 in their business. After six months, IDC found an ROI of 224% on those investments.
Optimizing your company for managed services
One of the biggest challenges leaders have is that they have no one to dedicate time to their business IT needs. Managed services enable leadership to focus on strategic initiatives by having their IT team take care of patching and day-to-day upgrades. This enables emerging businesses to be more strategic and focused on the right things, like procurement, security, disaster recovery, network infrastructure or cloud computing.
Managed Services Awareness Week
Your data is critical to your business, and it’s important to partner with a managed services provider who knows the regulations in your industry. Partner with a provider who has experience in your industry. With this type of partnership, the managed services provider becomes responsible for managing the risks associated with data breaches or noncompliance.
Why managed services are not the same as outsourcing
CMIT services can be seen in two different ways. Some see them as outsourcing IT functions and others see it as a way to help support IT departments. We think of the support we offer on one of two ways:
Learn how leverage Managed Services can take a load off your in-house IT teams
Rather than hiring IT professionals full-time, you can hire them as needed through managed services. This system allows businesses to use teams of experts with a speciality in new networking technologies, rather than an IT team that is skilled in storage and compute but lacks specialization.
If you have an IT team, they may need additional support in certain circumstances. For example, small businesses can have trouble staying open to monitor the IT department at night or on a holiday. One of the main functions of CMIT is 24/7 remote monitoring, which solves this problem by covering your environment while you are away.
The ability to leverage a managed services partner for emerging and mid market brands can make or break the response to crisis events and unforeseen circumstances. Especially with recent circumstances, you need the proper infrastructure before disaster strikes.
Overwhelmed By Your Job? Try Outsourcing It
If you’re an IT manager, you may be bogged down with day to day tasks like installing updates and monitoring the network. Or, maybe you follow that up by spending your evening tinkering with a new piece of equipment. Either way, it leaves little time to think strategically. Offload these menial, repetitive jobs to a managed service provider and free up some hours each day to think about the big picture.
