Top 7 Benefits of Having a Cloud Managed Service Provider

Cloud migration has been a top priority for years now. The global pandemic seemed to act as a blessing in disguise for this industry and has forced businesses to move to the cloud at unprecedented rates. Organizations had to take their entire workloads to cloud overnight, which was a not only a bold move but a daunting task to execute as well. They no longer have a choice to move to cloud—it became a necessity to enable business continuity and maintain competitiveness.

Now that organizations have migrated their workload to cloud, they have started realizing its benefits, but in order to fully leverage cloud and its benefits organizations need a managed service provider (MSP).

Why Managed Service Provider (MSP)?

Irrespective of size, all organizations need technology to operate effectively, and with technology undergoing at lightning speed, the IT requirements are continually changing.  This is where organizations are turning to cloud service providers, who can help them to leverage technology to make effective use of in-house resources.

Research suggests that the global cloud transformation services market size is projected to reach USD 129.26 billion by 2027, exhibiting a CAGR of 13.8% during the forecasted period.  That’s quite a figure, isn’t it?

Having a managed cloud service provider offers several benefits including cost saving, custom integrated software, centralized solution and many more. Below are few of the top benefits of outsourcing cloud transformation services for digital business.

1. Cost Effective: Having IT services outsourced can help save a lot of money as compared to in-house IT services, which are quite expensive to maintain.  An outsourced cloud service provider only charges you based on your consumption and follows a pay-as-you-go model, where you only pay for what you have used. It also offers full-time support whenever you want.

2. Strictly Adhered Compliance: Compliance regulations can be a tedious task to manage when moving to the cloud. Especially in these times where businesses have strict compliance standards to be met, otherwise they might fall out of the game. However, an outsourced IT helps you to concentrate on your work while they can help to maintain compliance and keep the cloud running effectively and efficiently.

3. Reduces Downtime: Downtime can result in serious consequences for any business, which is why organizations are turning to managed service providers to keep an eye on the network with 24/7 support and redundant backups, as the in-house IT department does not have the bandwidth to effectively mitigate downtime risks.

4. Offers 24/7 support: A managed cloud service provider helps to keep an eye on your server 24/7, day and night, using remote monitoring technology. This helps to reduce real-time errors before they arise and prevents any adverse effect on business.

5. Reduces Risk: whether it’s market competition, government regulations or any financial risks, an experience managed cloud service provider mitigates these risks in no-time, as they bring set expertise and knowledge. Outsourcing risk management  allows you to focus on smooth functioning of other areas of your business.

6. Lowers Labor Costs: It would be a quite cumbersome and costly affair for your business to hire and train your IT staff and make them market-ready if they are eventually unable to live up to expectations. However, a managed cloud transformation services allows you to focus and leverage internal resources on other business activities where they are required the most. MSP can take care of your IT issues.

7. Allows for Scalability: Small businesses or start-ups have been looking to expand their business to fit into the requirements of the market. However, they lack a proper understanding of the big market and technical know-how. Here is where a managed cloud provider can help to scale up or scale down based on the market demands. This can help organizations focus on other areas of business and the risk of downtime is taken care by the MSP.

Also Read: Digital Customer Experience

Are You Ready for Your Next MSP?

Now that you have an idea of what to look for when evaluating for an outsourced cloud service provider, you can see how they can help your organization sail through all of your digital transformation initiatives. Are you ready to select your next managed service provider?