Today’s companies need to stay at least one step ahead of cybercriminals by taking a proactive approach to IT security. Preventing a breach, such as a ransomware attack, is better than remediating an attack that has already taken place. By that time, attackers have already shut down systems and compromised or stolen sensitive data.
As businesses grow and become more complex, the need for managed security services becomes greater. Security threats have always been a concern for companies irrespective of size, but the rise in intrusions and cyber-attacks have fast become a major issue in the last few years. For these reasons, organizations have sought several ways through which their security issues can be resolved, and one of those is Managed Security Services.
As a company that intends to stand the test of time, you need to do much more than compelling the use of strong passwords or periodic password changes for your employees. Over the last 17 years, the business world has experienced at least 11.6 billion breaches of enterprise accounts through several means.
One major issue every company, especially its IT department is concerned about is how secure the company network is. Not only does a secure network mean that your company information and assets don’t get breached, it also means stability and a chance for longevity for your company.
The market for managed services is booming. Statista predicted that the global market will grow to over $300 billion by 2025. These IT services are outsourced to managed service providers (MSPs) staffed with experts who specialize in service areas so they can augment your company’s in-house IT team
According to IT service thought leader Gartner, the pandemic has prompted companies to increase their investment in the cloud. Research Vice President at Gartner, Sid Nag, stated that “the pandemic validated cloud’s value proposition.” Expecting cloud growth to continue through 2024, Nag went on to say that “Cloud adoption . . . becomes a significant means to stay ahead in a post-COVID-19 world focused on agility and digital touchpoints.”
Most IT teams aspire to innovate. They want to use technology to transform the way the company does business. Being a strategic part of the business is rewarding and emphasizes how IT is instrumental to company success.
According to Business Insider, cloud services are becoming "the new normal" for companies during the pandemic. Because cloud services are available on-demand over the internet, they help companies transition to digital operations that support a remote workforce. The cost-efficiency of the cloud also helped organizations keep their heads above water during the financial downturn in the early months of the pandemic.
Cloud services and managed services are not the same thing. A managed service provider (MSP) may provide cloud services, but a cloud provider does not necessarily provide managed services. Cloud services are hosted solutions — such as infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS) — while managed services are outsourced monitoring, management, and support services.
In the past, the reputation of managed services suffered because of myths about the role of managed service providers (MSPs). No, MSPs are not out to take over your IT department, nor or they limited to a break-fix model.
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