10 Ways A Managed Service Provider Can Boost Your Business Growth

10 Ways A Managed Service Provider Can Boost Your Business Growth
June 30, 2021

Data fuels the growth of modern business. However, with technology undergoing rapid changes, IT requirements are continually evolving, not to mention the growing security threats to this data and downtimes that can disarm any business. This is where working together with a managed service provider is crucial. It doesn’t just help you smoothen out different processes on the cloud but also manage cost and security challenges efficiently and constantly.

Irrespective of whether your cloud environment is multi-tenant or hybrid, the companies offering cloud-managed services have the requisite knowledge and infrastructure to manage things from A to Z. That’s why more and more fast-scaling businesses are signing up with cloud-managed IT service providers. A report on managed cloud services predicts that the market for cloud-managed services will increase from $27.15 billion in 2017 to $53.78 billion by 2022, with a predicted Compound Annual Growth Rate (CAGR) of 14.6%.

So if you are wondering why use managed services, let’s take a closer look at how a Managed Service Provider is beneficial and how they serve as the cornerstone of these predictions.

Here are 10 Reasons why your business needs a managed service provider

1. Cost savings

When you manage a small or medium-sized business with limited resources, maintaining your equipment and networks may be quite expensive. In essence, your investment is going toward purchasing several tools that you may or may not now require to manage your cloud infrastructure. However, maintaining client cloud infrastructure falls completely under the purview of a managed service provider.

Consequently, when you employ a managed service provider’s services, you only pay for what you use and when you use it. The service provider has the manpower and toolset to set up and manage a cloud-based infrastructure. By doing so, you cut operational costs, IT expenditures, and capital budget requirements so that you can focus on company strategy rather than spending time organizing and managing infrastructure.

Another challenge that switching to MSPs addresses is decreasing OpEx spending. With the Pay-as-you-go model, you can procure cloud services that don’t consume a large chunk of your IT budget. For small and medium businesses, this spells huge cost savings.

2. Robust infrastructure

There are many moving elements in the infrastructure needed to run networks, so it takes a variety of procedures to ensure that everything runs smoothly and robustly, as well as ongoing funding to maintain quality.

Sharing network management tasks allows you to offload many infrastructure obligations and costs, which results in significant cost savings. Businesses now have greater freedom to diversify and be flexible as a result.

In addition, managed cloud service providers offer continuous infrastructure management services to maintain resilient network infrastructure. This makes it simple to keep an eye on and check for security features in accordance with the requirements, ensuring that the infrastructure is dependable and performing at its best. In a way that is consistent with your organization’s goals and speedier Go-To-Market strategy, MSPs make it simple to integrate current business operations into the cloud architecture.

3. Simplification of complex processes

For your organization to be successful, you need a diverse workforce, flexible operations, and the ability to pay close attention to details like infrastructure compliance and change management. Agility is the key to handling every process and task of cloud infrastructure management.

So, by making the simple decision to manage a single part of your business internally, you manage many intricate procedures that are constantly expanding in number.

A trusted managed service provider has all the processes, infrastructure, and manpower in place to handle the most complex of problems on a daily basis. They concentrate on every detail as subject-matter specialists while preparing for any obstacles that could arise.

4. Disaster management and data recovery

For businesses with on-site IT infrastructure, an outage or severe server failure might leave them in a mess and negatively impact their regular business operations. They run the danger of losing data that is essential to their operations and expansion as a whole. Another expense that your company will eventually incur is the year-round running of data recovery instruments and processes.

If you are storing all your data on the cloud, even potentially the most catastrophic situation can be just another day at the office. You will experience almost zero downtime, which acts as a big advantage considering that an hour of downtime costs a small business about $8000 and a large business approximately $700,000. Even the most dire circumstance can be simply another day at work if you are putting all of your data in the cloud. You will have little to no downtime, which is a huge benefit because a small firm would lose $8000 and a large corporation would lose around $700,000 for every hour of downtime.

You have backup cloud servers to fall back on even in the case of a host failure, and since everything is up there on a virtual platform, risks associated with hardware failure are all but gone. Utilizing managed services in the cloud has many benefits, with this being one of the most important.

5. Automatic upgrades

A new trend emerges every hour as the IT world changes. To keep up with the evolving requirements and maintain the upward development curve, you frequently need to make little adjustments or choose big changes. On-premise servers may add a significant financial strain to businesses. Organizations must make a fixed investment in maintenance and security fees for servers to continue operating.

An MSP – managed service provider lends you the flexibility and scalability to adapt and evolve by enabling customizations to the existing services or introducing new processes/tools to the existing milieu – all of this without interfering with your running business.

6. Better response time

A rapid reaction time is essential when a new need or network issue emerges so that a minor anomaly does not snowball into a major technological disaster. If you have a contract with a reputable MSP, you can be confident that any unforeseen developments requiring attention will be handled immediately.

Managed cloud service providers offer continuous enterprise-level monitoring and examination, helping not only to stop a problem from getting worse but also to identify deviations that may otherwise pose security concerns and compliance problems.

7. Easy access to a contingent workforce

MSPs significantly improve the program for using a contingent workforce, providing you have access to qualified personnel when you need it. According to Randstad Sourceright’s 2019 Talent Trends research, 57% of company leaders and decision-makers expect to more frequently shift roles to contingent status as they work to onboard the right capabilities.

These appropriate skills in a worker now come from a combination of credentials and experience. For your projects, a managed service provider with a good reputation in the market either has this expertise on staff or has easy access to a wide range of capabilities.

Your MSP may also assist you in forming alliances with human resource outsourcing businesses that have a talent pool on hand.

8. Round-the-clock management

Any Cloud infrastructure needs constant monitoring to maintain seamless operations. In accordance with the terms of your contract with the MSP, they may be expected to continuously scan and monitor the infrastructure and attend to a variety of needs, including the installation of necessary updates and compliance and security assessments.

Along with integrating your current business objectives and rules to align with your organizational goals, managed servers also guarantee compliance standards are always followed.

9. Focus on core business

Top-managed service providers free up company resources, manpower, and infrastructure from an array of responsibilities. This way, you can focus on core business activities like sales and growth.

Experts offer round-the-clock assistance, monitoring the efficient operation of all your cloud-hosted IT systems. With proactive personnel working on the cloud front, infrastructure or network failure will never be a concern. Updates and maintenance can be carried out from any location with adequate outage protection. As a result, you may unwind and entirely concentrate on what your business is all about.

Select a vendor who can assist you in assembling the ideal mix of on-premise IT, private and public clouds, and other components to effectively generate value for your organization. You’ll be able to effortlessly innovate with your products and services if you have the right mix.

10. Centralized network

A managed service provider (MSP) uses a central data centre within the cloud network for managing all servers and applications deployed on them. This makes it simple for remote network users to access the network’s centralized data. You can also use the cloud to store data and perform backups on the same centralized network. This significantly improves the availability of your infrastructure.

But in the end, everything depends on picking the best managed service provider for your company.

Grow your business with Rapyder

Rapyder is a premium cloud managed service provider that aims at providing cost-effective services and solutions. The experts at Rapyder offer services, including real-time monitoring, continuous automation, quick on-boarding, backup monitoring, incident support, monthly security audits, automated ticketing, database monitoring, monthly reviews, and monthly cost audits. All while you focus on your core business competencies.

To get the latest insights, research and expert articles on cloud Services, Cloud Migration, DevOps and other technologies, subscribe to our Blog Newsletter here. For Case studies and success stories, visit Case Study Section

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