The journey towards technological advancements in business is often fraught with challenges. From finding the right solutions to ensuring they are operational and properly managed, small business owners can sometimes find it difficult to keep up with changes.
“In order to truly innovate in the modern business landscape, it’s vital to adopt and implement new technologies but also reimagine processes to face challenges with agility,” says Sebastian Abbinanti, president of The Isidore Group.
A startling statistic from Forbes reveals that 60% of small businesses that suffer a major data breach or cyberattack are forced to close down within six months. This emphasizes why working with a managed services provider (MSP) is crucial.
In this article, we’ll make a case for why managed services are essential for your business and provide some examples of the many benefits they offer to highlight the IT managed services value proposition.
Understanding Why Managed IT Services Are Better
Managed IT services represent a shift from the traditional reactive break-fix approach to a proactive managed services model. This approach ensures smoother operations and offers a clear IT managed services value proposition by saving costs in the long run.
A significant number of businesses have already begun to rely on a managed services provider (MSP) to handle their day-to-day IT management tasks to such an extent that the managed services market is primed for long-term growth.
Statistics show that the market is projected to grow by a compound annual growth rate (CAGR) of 11.9%, resulting in a value of $834.7 billion by 2032.
Why Use Managed IT Services? 6 Reasons to Consider
Now that you understand why an increasing number of businesses like yours are taking advantage of working with an MSP let’s examine some of the main reasons why they are getting on board.
1. Cost Efficiency: Realize Genuine Cost Savings
Every business owner understands that unforeseen operational costs can derail even the most well-thought-out budgets. With managed IT services, you benefit from fixed monthly expenses, substantial cost savings, and zero unexpected costs.
A study from TechRepublic indicates that small businesses can achieve a 25 to 30% reduction in IT costs while boosting their overall efficiency by opting for this service offering.
2. Access to Expertise and the Latest Technologies
Another reason why managed IT services are better is the access they provide to seasoned professionals who are always abreast of the latest technologies.
This means your business can leverage the latest tools and software without the need for an in-house IT team. In addition, many managed services providers have partnerships with top IT vendors, which can help you generate additional savings on essential hardware and software.
3. Proactive Maintenance: Minimize Downtime
Downtime can be a significant drain on resources and productivity, with each minute you spend incapacitated costing as much as $9,000.
Managed services emphasize remote monitoring and management, ensuring potential issues are identified and addressed before they escalate. This not only ensures smoother operations but also significantly reduces the risk of costly downtime.
4. Advanced Cybersecurity Protocols
The digital threat landscape is constantly evolving. Malicious actors are always devising new methods of conducting cyber-attacks and data breaches that can cost your business a staggering $4.45 million.
The good news is that managed services providers offer robust protection for your sensitive data through regular assessments, employee training programs, and swift responses to any potential threats. This includes backup and disaster recovery solutions to ensure data safety.
5. Scalability: Services That Grow Alongside Your Business
As your business grows, so do your IT needs. Managed IT services provide the flexibility to scale your IT resources based on your current requirements, ensuring that growth spurts or temporary downturns don’t disrupt your operations.
6. Focus on Your Core Business Goals With a Service Level Agreement
With a dedicated team overseeing your IT operations, your team can focus on what truly matters: meeting your core business objectives.
This not only improves your productivity but also means any IT issues that arise are swiftly dealt with by an experienced team of engineers. A service level agreement with an MSP ensures that all of the services are delivered as promised within the terms of your contract.
A Closer Look at Managed IT Services vs. Traditional IT Services
Managed IT Services
Traditional IT Services
Predictable monthly fees
Unpredictable repair costs
Regular updates and assessments
Sometimes outdated and lacking
Adapts to business growth
Requires new investments
Can be time-consuming
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Learn Why Managed Services Matter for Your Business With a Proven Partner
Managed IT services offer businesses like yours a proactive, cost-effective, and expert-driven solution to all of their pressing IT needs. They also offer many other conveniences, ranging from predictable monthly fees to receiving a full suite of services from a single provider.
If you’re still wondering why managed services providers can make a difference for your business, we can help. The Isidore Group understands the unique challenges small businesses face and offers tailored solutions to meet these challenges head-on.
From traditional managed IT services to advanced cybersecurity and everything in between, our team of experts has all of your business technology needs covered.
Don’t let IT issues prevent you from achieving long-term success. Contact us today for more information and to schedule a free consultation.