Data is considered the backbone of every business. This data can include information about customers, employees, products, business partners, stakeholders, company records, and much more. Previously this data was recorded and stored in the form of hardcopy files but since the technology has evolved, this data has become digital and is now managed and stored by IT technology. But not all businesses can afford to have an IT department of their own. So, to compete with the rest of the world on IT, they hire some managed service provider companies.
Technology is undergoing rapid change and businesses, especially small and medium-scale, can’t afford to upgrade their IT infrastructure with every new transformation, let alone training their employees on the new technology. Also, security threats to your sensitive data are also on the rise and you alone can’t keep your files secure. An MSP IT company can not only manage your IT infrastructure but keep your systems and databases safe from cybercriminals. Also, if you want to manage some IT functions in-house and outsource the rest, you can do this too. Continue reading to learn everything that you need to know about an MSP before partnering with them.
What is a Managed Service Provider (MSP)?
You can define an MSP as a company that manages a defined set of functions for its clients. It is a strategic way for businesses to improve their work operations and their overall performance. Although MSP companies were managing businesses even before the COVID-19 after the outburst of the pandemic MSPs came to the limelight. This is because they helped businesses a lot in making a shift from office to remote working.
The tasks that MSPs usually manage are non-revenue generating and are usually running on the back-end. These tasks can include operations like information technology, payroll, workforce management, contingent workforce management, human resources, contract management and compliance, vendor management, and procurement and sourcing. But we will discuss only MSP in terms of IT because it is the main thing that businesses usually outsource.
Things that You Should Go Through about Managed Service Provider Companies before Making a Move:
The following are the things you need to understand before partnering with an MSP IT company.
First, analyze what are the functions on which you are not delivering. Consider what are the requirements of your business in the current scenarios and what is needed in the next 18-36 months. Changing the workforce every now and then is no longer feasible. Therefore, the market is ripe for an MSP. Once you are done with analyzing all your needs, start contemplating on what service providers are actually good in those functionalities that you need to outsource. Also, understand how different MSPs can support your remote workers, access data from different endpoints and cloud environments.
What Investments are Required?
You know that running an IT infrastructure in-house need buying expensive infrastructure, hiring technical experts, and a space in your office. This is not it, with every upgrade in the technology you are required to update systems. And with it, you should change (or train the existing) workforce. But with an MSP you just need to pay a fixed monthly fee with no expense for updates or training of employees. MSPs build their own pool of talent that can provide 24X7 capabilities and support to their clients. They will offer the technology you need, and provide you with a team that knows how to operate, manage, and support that technology.
Understand the Company You Consider for Partnering:
Understand whether the company you are going to partner with is working as white label solutions or has its own IT infrastructure. Because if they are working as white label solutions, you may consider understanding the company that is originally providing the service. Besides IT management, analyze the security policy of that company too. Because if they will leak your sensitive data, you will face monetary as well as reputation loss. And if we calculate this loss monetarily, it can cost you millions of dollars as ransom, and downtime.
There is no doubt in this fact that partnering with an MSP IT company will not only save your business a lot of dollars but help you deliver better and more reliable service. But you can only get the desired results if you are working with some reliable MSP partner. And to guide you on this, we have mentioned some key points. You need to understand them before making a partnership with any MSP service.