Based on findings from a “2017 Data Breach Study, the average total cost of a data breach is $3.62 million. The impact of a security breach can be debilitating for small to mid-size businesses and many never recover. In addition to the business disruption and financial loss, security breaches can result in loss of customers, a tarnished reputation, legal costs and in some cases, regulatory fines.
There are many practical reasons a business might consider outsourcing their IT operations. A few essential benefits of the managed services model are:
So, what IS managed services?
Technology is critical to running an efficient and competitive business. But as IT systems become increasingly complex, a higher level of expertise and diligence is required to run a well-maintained and secure IT environment. More and more small businesses with limited resources have started to embrace the managed IT business model to help them face this challenge.
Without question, your small business must leverage technology to thrive, grow and maintain a competitive edge in today’s environment. Depending on the size and nature of your business, outsourcing managed IT services is a decision that will be unique to your operation and should be approached from both a strategic and tactical perspective.
As an employer considering a new IT system, you most likely have a few things on your mind. You know that to stay ahead of the competition you need to leverage today’s innovative technologies. And ultimately the advantages of a new system will benefit your business, your employees, and your clients. But before you can realize those benefits, there are some challenges standing in your way.
When you started your business, you used the technology you had available to get your baby off the ground: laptops from home, free accounting software, and a do-it-yourself website. These may be sound solutions to support the chaos of starting a business on a shoestring budget.
There has been a lot of coverage lately on Information Technology (IT) topics when it comes to productivity, shutdowns, security, cost, and more. Given the fast-paced world we live in, it is becoming more and more difficult for businesses to avoid costly service interruptions that often wreak havoc with their business operations.
We have an employee who takes care of our IT, and he knows a lot about technology. We’ve been with the same IT company for years. It is not a good time to change our IT. We have issues with our IT, but our IT guy always answers the phone, even if it is 3 am.
Benjamin Franklin once said that “time is money.” Americans value time. For us, time is almost a tangible asset, which can be saved, spent, lost, found, invested, and wasted. This central tenet in our culture is framed from this Franklin quote and for many Americans, wasting time is just as bad as wasting money.