June 9, 2022
Some businesses realize the value of Managed IT Services through personal accounts and customer case studies. Others realize it when they learn about the customer care, support, and features that come with it. For some businesses, it's the facts and figures that truly help them understand how Managed IT can help their organization.
Let’s explore why organizations benefit from Managed IT with the help of some statistics that are pretty hard to ignore.
Managed IT Statistics
1. Servers Crash, and Recovery Is Expensive
Every week, 140,000 hard drives experience data loss in the United States. When you consider a simple, out-of-pocket drive recovery (that may or may not be successful) can cost tens of thousands of dollars, having a Managed IT provider already in place starts to look pretty valuable.
2. Disaster Planning Is Worth the Investment
Planning is important; yet according to a recent study, only 54% of US businesses with over 500 staff have a comprehensive disaster recovery plan in place. It’s also important to test that plan regularly, but that same study showed that only 50% of respondents were testing annually at most, and 7% don’t test at all. Even worse, of the respondents who said they tested regularly, over half of them said their current plan proved insufficient, and 12% said the test revealed they would experience significant downtime in the event of a disaster. For businesses with an annual revenue of between $2M and $4M, the cost of one hour of downtime typically ranges between $301,000 and $400,000.
3. Cyber Threats + Cloud Security
There were 304.7 million ransomware attacks just in the first half of 2021, which is a 151% increase from the previous year. Cybercriminals are still able to prey on the rapid transition to remote work and the uncertainty companies have experienced. With a growing number of enterprises using sensitive data in the cloud, it's as important as ever to keep that data secure. Fortunately, cloud providers have made significant investments in security tools to safeguard your vital data and infrastructure. 94% of all businesses use cloud services. While the cloud typically is safer than most on-premise solutions, it can’t fix one persistent cause of vulnerability: people will always make mistakes. 88% of the time a breach occurs with data stored in the cloud, it’s the result of human error.
4. Managed IT Grows in Popularity
451 Research discovered that out of 451 large businesses surveyed, 45% plan to partner with a managed security services provider and 42% deploy additional security software to protect data and applications in the cloud. As a result, the industry itself is shifting. Now, 59% of IT services have transitioned from the traditional break-fix model to a managed service contract model.
5. Managed IT Saves Money
According to one survey by CompTIA, 50% of companies who engaged an MSP saved 1-24% in annual IT costs, 33% saved 25-49%, while 13% reported savings of more than 50%.
How To Find the Right Provider
Servers crash, disasters happen and cyber threats are real. And in large part, those three things are causing Managed IT to become more popular every day. Not all Managed IT providers are the same; you should look for a provider that has easy-to-understand pricing, and one that will take the time to get to know your organization well, so they can make custom recommendations. Marco’s IT experts can provide all or a portion of your IT needs, and will also serve as a consultant for special projects.