Regardless of the size of your business or the industry you’re in, IT support costs money. What’s important is how your business utilizes your IT – with the right understanding and a strategic approach, technology should be an investment that helps you reach new goals and maintain success.
When hiring an IT partner, it’s crucial that you have an understanding of two things: your unique business needs and your financial position and requirements. The job of a great IT provider is to align their services with your needs, to maximize your investment and offer solutions that empower your workforce and remove any limitations on your success.
Cost Vs. Benefit
Whether you’re currently relying on in-house IT or an outsourced provider, it’s important to continuously weigh the cost vs. benefit. Consider these:
The Right Move for Your Business
On average, the cost of one in-house technician can run a small business more than hiring an entire outsourced team over a year. There are several variables to be accounted for, and you need to consider that upgrades, repairs, new hardware, and several other essential IT updates come out of your pocket when you’re working with an in-house team.
Whether you need to strengthen your security, communication, time management, or anything else – outsourced IT services make it easier to plan for your requirements.
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”