Whether you're an experienced IT professional or a business executive, employing managed services can simplify your job. When properly carried out, a Managed Service (MS) is comparable to obtaining access to an IT Department with the knowledge of seasoned experts to provide targeted application operations to your company's business application users.
Let's analyze managed services to discover when and how they can help your business.
What is Managed Services?
Managed services refer to the practice of contracting out the upkeep and need-anticipation of a variety of processes and duties, typically to enhance operations and cut costs. Usually, this serves as an alternative to hiring workers who are directly employed. The goal of managed services is to provide an effective means of staying current with technology, gaining access to expertise, and addressing problems with cost, service quality, and risk. The most prevalent managed services revolve around connectivity and bandwidth, network monitoring, security, virtualization, and disaster recovery, and they typically occur in the information technology space.
Extrapolate says the global managed services market is anticipated to reach USD 731.08 Bn in 2030, recording a CAGR of 13.4%.
A managed IT services operator is a provider of third-party services that proactively monitors and manages a client's server, network infrastructure, cybersecurity, and end-user systems in accordance with a precisely defined service-level agreement. In addition to IBM, Accenture, Cognizant, Atos, Capgemini, TCS, Infosys, and Wipro, there are several significant managed service providers worldwide.
Simply, an MS is made to manage the routine tasks associated with your specialized applications.
- Increase the capabilities your company's end users have.
- Allow internal IT to concentrate on more strategic IT initiatives
- Allowing your employees to concentrate on the core strengths of your company
- This manifests frequently when IT professionals observe a deterioration in the present knowledge base, lowering the caliber of IT support provided to your business.
Advantages of Managed Services
Some advantages of managed services include:
- Lower labor costs: By doing away with the need to hire and train in-house IT staff, outsourcing IT services to a managed service provider (MSP) can reduce labor costs.
- Predictable costs: Managed services frequently work on a fixed fee basis, enabling businesses to budget their IT costs.
- Access to expertise: MSPs offer firms access to specialized skills and knowledge because they have a team of people with experience handling a variety of IT difficulties.
- Scalability: Managed service providers can modify their services to fit client needs and expand along with the business, ensuring that IT systems stay up with the demands of the company.
- Increased uptime: MSPs keep an eye on IT infrastructure round-the-clock, allowing them to spot problems early and fix them to minimize downtime.
- Data security: MSP provide data security options, such as cybersecurity precautions, which are more and more crucial as cyber threats multiply.
These are just a few advantages that companies working with managed services providers can anticipate.
Some Interesting Statistics on Managed Services
71% of SMEs predict that in five years, cloud services will play a major role in their operations.
These first two statistics demonstrate that a vast majority of companies have used cloud hosting's advantages in some capacity. Services like Office 365, AWS, or cloud backup may fall under this category.
Managed IT services are a type of outsourcing that can be incredibly beneficial for your company, especially if you have a small IT team because you get essential skills that may be challenging and very expensive to recruit. Additionally, you can increase scalability and flexibility while lowering cost and risk by outsourcing your IT.
Businesses claim that 46% of the time outsourcing their IT gives them access to skill sets that aren't available internally.
Managed IT services give you access to specialists in PCI DSS, disaster recovery, cyber-security, and more for a significantly lower cost. You can benefit from the greatest portions of our team's knowledge without having to do any in-depth research yourself because our experts are certified with DELL, AWS, and other systems.
Your network may be monitored 24*7/365, resulting in a 99.99% uptime guarantee.
For security and effectiveness, visibility throughout your IT network is crucial. Some companies offer 24/7 surveillance; one such company is SysGroup. Business owners can have complete peace of mind knowing that they can identify and fix any issue before it becomes a threat.
Decoding the relationship between cyber threats and cloud security
In the first half of 2021 alone, there were 304.7 million ransomware assaults, a 151% increase over the same period in the prior year. The quick switch to remote work and the uncertainties businesses have faced continue to be targeted by cybercriminals. It's more crucial than ever to protect sensitive data on the cloud because more and more businesses are adopting it. Thankfully, cloud service providers have invested a lot in security solutions to protect your critical data and infrastructure. All firms employ cloud services in 94% of cases.
Even while most on-premise systems are generally safer than those in the cloud, this constant source of vulnerability cannot be eliminated: people will inevitably make mistakes. With cloud-based data storage, human error is to blame for breaches 88% of the time.
Winding It Up
Businesses can gain from managed services in a number of ways, including reduced labor costs, predictable pricing, access to expertise, scalability, increased uptime, and data protection. Managed services companies can also spot and fix technical problems before they have a detrimental effect on the company. Although managed services work on a subscription-based model and need an upfront investment, they are an affordable approach to expanding a company's supply of IT services and guarantee that IT systems keep up with the organization's expansion. In the end, working together with a managed services provider can help companies increase their revenue and concentrate on their core skills.
