The business world looks much different than it did just a few years ago. You’re likely aware of how much technology has changed how we do business—but do you know how managed services can help your business keep up with those changes? Let’s look at how managed services can give your business the boost it needs to succeed in this ever-evolving landscape.   

“Managed Services provide a cost-effective solution that allows businesses of any size to stay competitive in today’s digital economy without breaking the bank. If you’re seeking for a way to get ahead in 2023” – Joseph Henderson, Founder of ECF Data 

What are Managed Service Providers?   

Managed Services is referred to as outsourcing business management and administration to a third-party organization. Though “services” can describe anything – supply chain, call center operations, marketing strategy, etc., IT is the most common, and that is our focus in this blog.  

The Managed Services Provider (MSP) in IT encapsulates different functions such as issue resolution, reporting, IT infrastructure management, etc.    

The benefits of MSP Services transcend in multiple ways, but some of them include the following:    

• Monitoring, management, and support to the organization network, such as software and hardware components   
• Adjust systems for optimization and cost-savings   
• Improve the performance of the overall system   
• Supervise the complete IT requirements and strengthen security, maintenance, and compliance so your team can better focus and lead core projects and business goals   

What are the Different Types of Managed Services’?  

Gartner categorized managed services around these three major areas:  

• Technology maintenance – includes technology maintenance and delivering content  
• Delivery Platforms – Includes Cloud, SaaS, or locally hosted  
• Security Operations – Includes outcome-based delivery  

To elaborate, Managed Services come in many forms. They can offer a single service or a combination of many.   

Managed Software as a Service: In Managed SaaS, the MSP presents an application form, usually subscription-based, and it is controlled centrally, to which you have access when you enforce SLA. These managed services can help you with customization, installation, and troubleshooting, ensuring that your services perform optimally and your team focuses exclusively on business-linked needs.   

Managed Cloud Infrastructure Services: These managed services providers are experts in cloud solutions and deliver effectively managed services in the cloud. Because more and more companies are shifting their work to a cloud service for hybrid and remote work, the demand for these managed services in 2023 is expected to rise.    

Managed Networks and Infrastructure Services: This service takes full responsibility for the overall network function. Included are wireless network management and cloud-based network infrastructure management, which the MSP manages remotely. This type of managed service also includes backup options and storage management.   

Managed Support Services: The MSP usually covers round-the-clock IT support services in this kind of service. These managed services are essential for any organization because they gain access to a remote help center whenever needed. Whatever problem comes their way, they’ll be able to address it instantly.   

Managed Security Services: Because cybersecurity is critical for any organization, managed services provide various services for remote infrastructures’ security. The areas they cover are anti-malware, patch management, antivirus, etc.   

Managed Communication Services: Communication is an integral part of any company, and this managed service addresses it. This kind offers communication services so that businesses can internally communicate, as well as with their partners and clients. These MSPs typically include Voice over Internet Protocol (VoIP), email services, instant messaging, and video calls.   

8 Ways to Accelerate Business with Managed Services in 2023   

1. Strengthen IT security and Compliance   
2. Enable Cost Savings   
3. Improve Maintenance Approach   
4. Ensure Continuous Adoption of the Latest Technology Advancement   
5. Maximize Employee Productivity and Production   
6. Work with Trained IT experts   
7. Improve Operational Efficiency   
8. Bring Value to your organization  

Strengthen IT Security and Compliance  : 

It’s no surprise that cybercrime’s growth moves at a steady, if not rapid, pace. Cybersecurity Ventures foresees that in the next five years, the inflicted damage caused by cybercrime will grow by 15%. By 2025, the damage cost will reach $10.5 trillion annually, an increase of $3 trillion in 2015.    

In 2023, companies need to be more aware of the importance of business security. Workplace devices such as desktops, laptops, smartphones, tablets, wearable technology, operating systems, applications, and servers all transmit data and require complying with strict security demands.    

One of the benefits of MSP Services is that they bring security to your company. It includes monitoring potential threats and fixing them before the damage is done. Managed Services also cover the guidelines and regulations like ISO, PCI, and GDPR, and make sure that you adhere to them.    

Enable Cost Savings : 

How businesses utilize costs is one of the most important aspects of their success. Managed Services aid in cost savings because they can predict and plan the monthly IT spending. Since they have their own team, they can deploy the adequate number of professionals needed for your needs. Through this, you can reduce the additional workforce for high-value tasks without compromising productivity and business growth.    

Improve Maintenance Approach :

Coping with IT-related concerns like daily operations, system performance, and the status of your environment can be time-consuming and costly. Moreover, because of the high competition among companies in 2023, downtime is not acceptable in 2023. Managed services take a proactive approach to maintenance because they use management and remote monitoring to detect, diagnose, and troubleshoot upcoming issues before it blows up. A server done by Gartner claims that downtime costs can be as much as $5,600 per minute. With such a considerable cost, it’s obvious how its role is vital to any company.  

MSPs also provide 24/7 support that helps to keep systems running smoothly by allowing remote management, monitoring, and risk detection. Experienced technical assistance is just the beginning. Companies can use cloud storage services at no additional cost for extra peace of mind regarding business continuity plans.   

Ensure Continuous Adoption of the Latest Technology Advancement: 

As businesses strive for success, investing in the latest technology is essential. From security patches and software updates to IT infrastructure optimization – outsourcing technical requirements will save resources while ensuring your business remains protected against any potential threats it may face.    

According to MarketsandMarkets‘ projections, the managed services market size will have an impressive growth of $180.5 billion in 2018 to $282 billion by 2023. That is a 9.3% Compound Annual Growth Rate during this period.    

The major growth drivers in this period include:   

• the demand for managed cloud services   
• Businesses’ reliance on IT infrastructure to increase their business productivity   
• The availability of specialized MSPs to provide cost-effective managed services   

Maximize Employee Productivity and Production:

Any organization with limited resources can limit the manager’s time and attention. Managed Services in 2023 should be optimal for your organizational processes and boost your overall business productivity through a scalable, dependable, and secure IT environment. Since the providers should be hard at work maintaining your IT services and company infrastructure, your IT team will have all the freedom to focus on what they do best. Through managed services, you can maximize employee productivity and satisfaction. Running at your highest efficiency is possible because all networks are running smoothly and are operational.    

Work with trained IT experts:

One of the benefits of MSP services is that it provides a significant boost to the contingent workforce program. Simply put, managed services can help you ensure that you can access a certified and experienced talent when you need it. It ultimately saves businesses time and effort in managing the pool of technical workers. With the upcoming recession prediction, spending smarter is key to success. 

Improve Operational Efficiency : 

To stay ahead of a constantly changing cloud infrastructure, organizations must have agility and diverse teams to provide flexibility in operations. Even the most seemingly insignificant decisions can result in managing complex tasks with an ever-increasing number of processes at various levels. Thus, obtaining assistance from managed service providers is paramount.    

A reputable managed service possesses – ALL- the processes, staffing, and infrastructure to handle the most complex daily challenges. Knowing that they are experts in the industry, they can cover all bases and simultaneously are prepared with contingency plans for possible issues.

Bring value to your organization :

Creating an IT environment that is simplified, scalable, well-supported, and reliable is included in the benefits of MSP services. Not to mention, with the demands and changes in store for 2023, managing a company’s IT needs is more complex than ever. Managed services can bring value to your organization because, as experts, they can plan suitable investments, address correct issues, and align your plans with your business strategy and growth. 

Ready to Partner with a Managed Service Provider?   

Managing your own IT infrastructure is no small feat – not only is it costly and requires specialized knowledge and expertise, which many small businesses don’t have access to. Fortunately, Managed Services provide a cost-effective solution that allows businesses of any size to stay competitive in today’s digital economy without breaking the bank. If you’re seeking for a way to get ahead in 2023, then managed services may be just what you need!  

ECF Data is one of the most sought-after managed service providers in Las Vegas. As a Microsoft-only shop, we work with clients’ subscriptions and programs to optimize their investments. If you are interested in partnering with an MSP like ECF Data, talk to one of our experts and get a free assessment today, remember that delaying could literally cost thousands by the minute.