How Does Outsourcing Save Money?

Tending to the IT infrastructure

Keeping up with the latest technology trends is challenging when you’re a business owner or manager with other daily responsibilities. Regardless, building and maintaining a solid IT framework is instrumental to long-term success in any modern industry. The good news is that establishing an in-house IT team isn’t your only option.

Learn how outsourcing saves you money and improves the efficiency of your business operations.

The Advantages of Managed Service Outsourced IT for Denver Businesses

As your organization grows, your IT infrastructure will also expand in size and sophistication. To support this expansion, you need an IT support team who can provide cutting-edge resources that keep your company stable and innovative. However, vetting, hiring, and onboarding skilled IT professionals isn’t easy when you have other vital business matters to handle.

Outsourcing work to a managed service provider (MSP) eases your day-to-day IT workload and gives your team plenty of time to focus on other essential business operations. Managed service companies offer 24/7 monitoring and management of your IT solutions.

As your managed service provider becomes more familiar with your company culture and structure, they can introduce measures that help you overcome process challenges and optimize your IT environment for long-term success. Services including server virtualization, cloud migration, and cybersecurity threat remediation keep your business scalable and up to date.

Here are a few of the most significant advantages of managed service outsourced IT:

Increased Productivity

Your IT infrastructure requires constant attention. Not being there when an unauthorized user accesses your network can spell disaster, but expecting an in-house IT department to provide 24/7 support when their plate is full can lead to employee burnout and turnover, making it impossible to establish a consistently dedicated team.

MSPs learn your objectives and work day and night to ensure your IT solutions are in working order. They provide coverage while your other teams pursue new opportunities. A less stressful workload clears space for more strategic planning, leading to greater cost savings.

Scalability

Maintaining an in-house IT team is expensive. The costs of hiring and training add up quickly, and when you can’t provide the resources your team needs to stay on top of their day-to-day business operations, the consequences are felt throughout the company.

You don’t need to worry about your managed IT service company jumping ship. MSPs handle the training of all their employees, and they continue to educate their experts on all the latest developments in the industry to ensure you receive the most advanced solutions possible. When you need more technicians or newer systems to support your projects, all you need to do is contact your MSP.

Do you sweat at the thought of building an internal IT team? Information technology doesn’t have to cost you an arm and a leg. The Millennium Group can support you with fully featured managed IT services.

What Are the Costs of a Data Breach?

Data breaches have a severe financial impact on organizations in every industry. People entrust their private data to organizations every day, and when those organizations can’t protect that information, malicious users have free rein to steal and resell those assets. Small businesses are especially at risk for exploitation since hackers know many managers would rather neglect their IT in favor of other investments like employee onboarding programs or benefits packages.

The cost of a breach is often millions of dollars and a major reputational hit. According to IBM’s Cost of a Data Breach Report 2021, the average cost of a data breach increased by 10% to $4.24 million. 2021 marks the highest recorded cost of a breach in history, and the trend may continue.

Managed IT services take a preventive approach. Rather than adopting a break/fix solution that only addresses the problem after it has occurred, MSPs constantly monitor your systems for anomalies and suspicious activity and resolve the trouble before you have a catastrophe on your hands. The cost savings alone make managed IT services well worth the investment.

Explaining the Managed Service Cost Model

One of the biggest advantages of a managed IT service partnership is the predictable cost. Most MSPs offer their services for a fixed monthly or annual cost depending on your selected service level. Pricing often depends on the length of your contract. Trustworthy MSPs are transparent about their costs and will walk you through their service levels before you sign on.

With an MSP, you avoid expensive tech purchases and software upgrades. You have full visibility into where your money is going and can more accurately forecast your operational costs. There are no surprises with managed IT services, provided you choose the partner that’s right for you.

The Millennium Group provides managed IT services to all Denver businesses. Our proactive approach means we alleviate problems before they cause you downtime. When you work with our technicians, we build you a custom service plan for a fixed monthly fee. We provide the hardware you need to build and maintain a successful IT infrastructure, and we can make software and hardware recommendations if you have a specific problem.

If you’re looking for IT solutions that go beyond break/fix services and an outsourced team of professionals who work like an in-house team, reach out to The Millennium Group today.