In today’s competitive economy, companies are constantly seeking ways to maximize their return on investment (ROI). One effective strategy to achieve this is through the use of IT managed services. From backup and disaster recovery to infrastructure-as-a-service and security, outsourcing IT operations to specialized service providers enables businesses to streamline operations, reduce costs, and enhance overall efficiency. Here are five key ways IT managed services improve ROI.
- Cost Savings and Predictable Budgeting
One of the primary benefits of IT managed services is cost savings. In fact, a report by CompTIA found that 46% of organizations using managed services have reduced their annual IT costs by 25% or more. By outsourcing IT functions, businesses can reduce the need for additional in-house IT staff, thereby cutting down on salaries, benefits, and training expenses. Plus, in today’s challenging recruiting climate, it can further reduce the expense of attracting and hiring additional skilled IT staff. This is particularly relevant for skills like backup administration that typically require a certain level of expertise that cannot always be cost justified as a Full Time Equivalent (FTE) resource. Additionally, managed services provide predictable monthly costs, allowing for better budgeting and financial planning.
- Enhanced Security and Compliance
With the increasing number of cyber threats, ensuring robust security measures is crucial for any business. A study by Trustwave found that companies using managed security services experience 50% fewer security incidents compared to those that handle security in-house. Why? Because managed service providers offer advanced security solutions, including regular security audits, vulnerability assessments, and compliance management. This helps businesses stay protected against cyberattacks and adhere to industry regulations.
- Improved Operational Efficiency
IT managed services help streamline business operations by providing around the clock monitoring and support. This can lead to significantly improved operational availability by ensuring that IT systems are always up and running, minimizing downtime and enhancing productivity. MSPs also offer expertise in optimizing IT infrastructure, which leads to improved performance and efficiency. Underscoring this point is a study by Forrester which found that businesses that use managed services experience a 63% reduction in unplanned downtime. This results in higher business productivity and enhances customer satisfaction.
- Access to Advanced Technologies
Staying up-to-date with the latest technology trends can be challenging and expensive for businesses. IT managed services provide access to cutting-edge technologies without the need for significant capital investment or waiting for staff to level-up. MSPs offer scalable solutions, allowing businesses to adopt new technologies as they grow. Gartner concurs. They have recently reported that by 2025, 80% of enterprises will migrate entirely away from on-premises data centers in favor of cloud infrastructure managed by MSPs, leading to cost savings and operational efficiency.
- Focus on Core Business Functions
Outsourcing IT tasks to a managed services provider allows businesses to focus on their core competencies. As Deloitte has found, 57% of businesses report that managed services enable them to focus on their core business functions, leading to improved overall performance and growth. By relieving internal staff from routine IT maintenance and troubleshooting, companies can concentrate on strategic initiatives that drive growth and innovation.
IT managed services offer a multitude of benefits that directly contribute to improved ROI. From cost savings and enhanced security to improved efficiency and access to advanced technologies, businesses can significantly enhance their operational capabilities.
At Verinext, we are experts in delivering the managed services that will help you prepare to scale, while enabling your internal resources to focus on innovation. Our tailored services will help you anticipate new requirements and pivot quickly when new needs arise. Learn more about our suite of managed services here. Then contact us to see how can apply our managed services to improve your ROI.
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