Managed IT Services: What It Is and Why It Matters

According to a recent study, it is estimated that nearly 69 percent of all small to medium-sized businesses make use of at least one IT service provider.So what exactly is managed IT services and why are an increasing number of companies using it?

In this article, we take a look athow managed IT services contribute to the growth and success of your business.

Managed IT services refers to the use of third-party IT solutions at a fixed monthly subscription based on the type of service plan. Essentially, it is gaining access to professionals who utilize their expertise for the daily operations of IT-related issues of a company. This can include anything from basic services to setup, repair, upgrade, and maintenance.

Such types of services allow the company to focus more on achieving their business goal by outsourcing a core function of the business.

Some of the benefits of Managed IT Services are as follows:

Better Risk Management

Risk is an inherent part of any business operations. Managed IT services help reduce that risk by allowing access to their modern infrastructure, proprietary methodologies, and software. This allows the business to mitigate risks involved duringservice delivery as well as ensuring adherence to the best industry practices. They also effectively manage most of the risk due to vast industry knowledge including compliance and security issues. The importance of which is highlighted by the fact that cybercrime damages are expected to reach up to $6 trillion by 2021.

Improved Cost Control

Typical cost expenditures resulting from equipment, training, and personnel are absorbed and included in the fixed monthly cost charged by the company which also helps in the effective prediction of IT-related costs leading to more accurate budgets.

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The business can better decide on how much to scale keeping in mind factors such as finance and strategic vision. Costs are further reduced with drastic decreases in outages and service downtimes.

An Increase in Efficiency, Productivity, and Availability

Optimal business performances hinge on the constant availability of IT services. The risks associated with downtime not only include financial losses but alsoa reputational risk which may lead to a loss of public trust. The losses incurred due to downtime for larger businesses can reach up to $700,000 per hour.

Outsourcing IT services results in better performance and minimal downtime. Companies that resort to handling the support and implementation of IT services in-house incur higher development and research costs. Such costs may also be passed onto the organizations making use of these services.

The task of controlling costs while delivering organizational services is a difficult undertaking in today’s business environment.Think Technologies Group offers high-quality managed-IT solutions in Hollywood, FL that not only enhances your overall business operations but also keeps your costs predictable year after year.

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