7 Managed IT Benefits You Should Know About

If there’s one thing that business owners have in common, it’s a shared frustration regarding IT disruptions, which can be a significant setback.

Not only do they hinder productivity, but they also drive operational costs up. An ITIC study revealed that no less than 98% of businesses claim that an hour of downtime can cost them upwards of $100,000!   This figure can skyrocket to millions for very large businesses, and even more if the downtime persists.

“The future of business hinges on proactive IT solutions rather than mere reactive patches,” notes Chris Power, CEO of Power Consulting. “Solely relying on patches might actually exacerbate the situation.”

Many believe that managed IT services simply solve technical challenges, but there is more to them than you might expect. In this article, we’ll dive deeper into understanding the various benefits of managed IT services and how they can revolutionize your business.

Making Sense of Managed IT Services

Moving past the conventional break-fix model, managed IT services proactively tackle potential IT challenges, ensuring seamless business continuity. This proactive strategy not only averts issues but also fine-tunes your IT framework for optimal performance.

These and other managed services advantages have garnered attention from businesses globally, leading to a significant surge in its market value.

In 2023, the managed services sector was valued at $350.11 billion, with projections estimating a value of $970.86 billion by 2032, thanks to a compound annual growth rate (CAGR) of 12%.

Source: Precedence Research

The 7 Managed IT Benefits for Your Business

1. Cost-Efficiency:  Savings and More

Managed IT services are not just about cost-cutting; they represent an important long-term investment. Good IT Managed Service Providers will improve your company’s standard technology driven processes.  Good MSPs drive efficiency, providing performance benchmarking and extensive reporting. Typically for a lower cost than a full-time in-house IT team.

2. Stay Up-to-Date: Managing Change

Good MSP’s provide a roadmap to future technologies, to ensure your business remains competitive and is adopting best of class technologies for their industry.   On a day to day basis, MSPs are continually updating, patching, and maintaining systems and software to maintain optimal function and security.  Change management is central to all managed IT.

3. Cybersecurity: Protecting Your Data at All Costs

Given the rise of cyber threats, the importance of managed IT services in bolstering security is critical. They offer comprehensive security solutions, from regular audits to data breach protection. To keep your company secure, software updates are run rigorously and systematically.

With data breaches costing businesses like yours as much as $4.45 million, improving your security posture is much to your advantage.

4. 24/7 Support: Because IT Problems Don’t Keep Office Hours

Imagine having access to a team working tirelessly across multiple time zones to ensure your systems function flawlessly. With round-the-clock monitoring and management, you’ll experience fewer disruptions and minimal downtime.

5. Scalability: Tailor Your IT Services to Your Growth

As your business grows, your IT demands evolve alongside it. Managed IT services brings in the benefit of adeptly catering to these dynamic needs and ensuring resource availability without exceeding your budget.

6. Focus on Your Core Business Activities

Time is a precious commodity for every business owner. Outsourcing your IT management allows you to concentrate on your core business, entrusting tech-related concerns to experts.

7. Maintain Business Continuity in the Face of Disaster

Today’s businesses are primarily data-driven. Regular data backups and swift recovery solutions ensure your business remains operational, even amidst unforeseen challenges.

A study by SCORE highlighted that 75% of businesses without a robust business continuity strategy risk failure within three years following a major disaster.

Potential Challenges You Should Be Aware Of

1. Data Safeguarding Concerns

Handing your sensitive data over to an external managed service provider (MSP) requires trust. Before you make that decision, it’s imperative to assess the MSP’s security protocols. Regular audits and certifications can vouch for their commitment.

2. Shifting Dynamics: In-House to Outsourced

Switching from an in-house team to an MSP can be intricate. That’s why it’s vital to have a transition blueprint to ensure your day-to-day operations remain unaffected.

3. Maintaining Open Channels

Open communication with your MSP is crucial. Regular interactions, reports, and feedback loops can prevent potential challenges.

4. Deciphering Service Commitments

Service level agreements (SLAs) outline the expected service quality. Familiarize yourself with SLAs to ensure they align with your business objectives.

5. Unearthing Hidden Charges

While managed IT services advantages include convenient, predictable costs, you should be vigilant about hidden charges. Always ensure you clarify the pricing structure with an MSP before committing to a contract.

6. Navigating Provider Dependencies

Some MSPs might employ proprietary systems, complicating provider switches in the future. Ensure the solutions offered are flexible and portable.

A Quick Guide to Traditional IT Services vs. Managed IT Services

Bring Managed IT Services Benefits to Your Business With a Trusted Provider

The benefits of managed IT services are undeniable, from significant cost savings to bolstered security. As today’s businesses grapple with tech challenges, it’s evident that proactive IT solutions are the future.

If you’re on the lookout for reliable managed services, Power Consulting is here to help. We provide unparalleled managed IT services tailored to your needs, from cybersecurity and IT support to networking management and professional consulting services.

Ready to upgrade your IT strategy? Contact us today for more details and to schedule a free consultation.