The role of SMEs in global or a country’s economic growth is unmatchable. Take an example, of any developing or developed country, the financial contribution of SMEs lies between 35% and 50%, respectively.
With a mass-scale technological revolution, economists worldwide predict that in the upcoming decades, SMEs will be essential drivers of business worldwide.
But there are negative stats too. In 2021, 43% of successful cyber-attacks targeted small businesses and caused a loss of around $2.2 million. Another report highlights that SMEs with cyber breach incidents go out of business within 6 months, and the number is increasing by 24% in comparison to last year.
The primary surface reasons often stated are lack of cybersecurity precautions and budget. The issue is much more complex, encompassing huge IT strain, heavy IT management tasks, productivity gap due to security, cybersecurity complexity, and others.
And to solve these primary and deeper issues, managed IT service providers come into the picture with ready-to-deploy infrastructure solutions and evolving expertise resources experts that benefit businesses in various ways, and in this article, we will discuss those top 5 benefits.
But before that, we would like to mention a famous business saying by Mr Azim Premji about outsourcing:
“The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity, and reduce work cycles.”
Top 5 benefits
- Save on operational costs.
Maintaining a full-fledged in-house team requires significant costs such as salaries, benefits, insurance, rents, training costs, repairs, supplies, licensing, purchase costs, and various other types of costs.
It not only costs money but also requires extra time, increasing work cycles and lowering core business productive time. With managed IT services SMEs significantly reduce capital expenditure, and process complexity, and at the same time, industry-grade security is run and managed under expert supervision.
- Centralized security
When an enterprise uses managed IT services, it receives additional hosting of business assets such as apps and data in a remote location under a secure virtual server environment. These virtual servers are maintained and upgraded per international business safety standards.
Hence, in the case of any successful internal or external cyber breach or natural disaster incident, give support to optimum data security and privacy and ensure business continuity.
- Flexibility in Compliance and Auditing
As no business is the same, there are different specific compliance requirements which also change with time. It’s not easy to adhere to all regulations and stay updated with periodic audits without any business disruptions at operation and resource levels.
Outsourcing such requirements give flexibility to your company to adhere to all regulations and deploy on-demand audit and security maintenance to ensure a secure IT system.
As a business scale requirement also scales up, so does the security aspect. Organizations, even with in-house IT resources, here, struggle to cope with evolving requirements. A managed IT service provider’s core IT and security business rapidly evolves with current requirements.
The best part is that with something like pay-as-you-go plans, you get the increased capability of IT solutions without having to worry about things like purchasing new security tools, building expertise, and so on.
- Cloud-based proactive solutions and support
Cloud computing is the future of business as it offers fast scalability, cost-effectiveness, and excellent performance. This needs a robust and agile IT infrastructure and the same requires periodic maintenance for optimum sustainability. Traditional in-house IT staff usually work with a reactive approach because of a lack of necessary expertise and low-stakes responsibility.
On the other hand, managed service providers work proactively because they have designed their infrastructure in a way to deal with threats or challenges to ensure long-term business tie-ups and enhance word-of-mouth marketing for them.
A managed IT service partner plays a huge role in enterprises especially SMEs to leverage the power of technology first-hand, with minimum cost and complexity. As above we discussed scalability, they become an important touch point in establishing the right business requirements or assisting them in meeting the best business partners through their large range of business clients.
As a leading managed IT services provider, we, Vinca Cyber, become your ideal business resource because of our robust, agile, and future-ready end-to-end security management services. We assist businesses of all sizes globally, giving us a competitive edge in solving world business needs and providing the same advanced facilities to our range of clients.
Do you know more about us or our range of services? Simply drop us a line at [email protected]