Why SMB’s Are Turning to Smaller Cloud Providers

small cloud - Dynamic Quest

We’re getting more and more confirmation that small and medium-sized businesses (SMBs) are turning to smaller or regional cloud providers for dedicated support. Yes, they’re scaling back from MSP giants like Azure, Google, AWS (Amazon Web Services), and IBM. Why? As cloud migration continues to grow, smaller companies recognize they require closer attention to their unique business needs. If you’ve ever dealt with large corporations, you know getting help can be quite cumbersome. Smaller providers are more likely to tailor services to make your experience even better, and offer plans that allow a more predictable budget. Read more about this growing trend here.

 

 


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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 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.

Large Healthcare Company

More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.

40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).

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.

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).

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.”.

We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.

Steve Fout, VP Sales, Godlan, Inc

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.

Denise Koontz, CFO, Got You Floored

“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.”

Dynamic Quest

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