In 2023, Cloud adoption is already mainstream as organizations across industry verticals have witnessed the advantages of migrating to the cloud. Failing to migrate to the cloud, businesses will certainly lose to the competition. Cloud ensures business continuity and is flexible, scalable, and cost-effective. More importantly, with vast volumes of data generated daily, the cloud offers valuable insights from big data compared to on-premise storage systems. Data is considered the new oil, and in today’s economy, it is becoming more precious as a corporate asset, and those organizations which extract and leverage it reap rich rewards. Big data enhances sales, improves customer service, and supports cyber security. Furthermore, the increase in internet usage and smartphone adoption is driving Cloud adoption. Cloud houses data, applications, and services, and organizations require experts to effectively manage cloud services where monitoring and maintaining the cloud system is critical.
Hiring and retaining IT talent and safeguarding the IT infrastructure from increasing threat actors using sophisticated technologies in their attacks is extremely challenging.
However, most in-house IT teams need more skill sets to manage the cloud infrastructure effectively. With technology and business needs evolving, organizations must fast-track their digital paths and deliver measurable customer advantages. Many organizations struggle to manage increasing costs and risks to match the speed of technological disruptions. Many organizations need more IT talent, resources, and bandwidth to ensure constant innovation and strike a balance between technology and business needs.
In such a scenario, businesses should opt for an external partner with the expertise, skills, and experience, such as a Cloud Managed Services Provider (MSP). MSPs which are outsourced services, ensure the organization’s gaps in managing the cloud are covered and operational efficiencies are enhanced by providing support and management for the infrastructure, platforms, and applications. More and more organizations today are opting for Cloud Managed Services. According to Markets and Markets, the Cloud Managed Services Market size as per revenue was more than USD 99.0 billion in 2022 and is anticipated to exhibit a CAGR of 10.6% to reach over USD 164.0 billion by the end of 2027. Businesses are realizing the advantages of partnering with a cloud infrastructure management service provider for their positive impact on the organization’s product, security, cost savings, and more benefits.
Significant cost reduction
Organizations can rest assured that they don't have to invest in hardware maintenance or upgrades. Businesses can save on operations and infrastructure costs by utilizing subscription or pay-as-you-use models. Organizations can save on hiring and upskilling full-time employees to maintain their cloud infrastructures and networks. The extra space for servers and other devices can be used optimally. Businesses can opt for planned investments with a customized monthly service plan.
Support in cybersecurity
Organizations of all sizes have to face constant fear of cyber-attacks. Only robust cybersecurity measures with cutting-edge technologies can help strengthen the security pillar of organizations. An MSP can provide services like understanding the cloud infrastructure and updating information on the latest cyber threats.
These service providers will implement the required security controls such as MFA, encryption, and more to proactively protect businesses, identify incidents, and address them on time. They also ensure timely backups and quick recovery across all cloud services and applications, helping achieve business continuity.
Increase in productivity
When the MSP manages all cloud-related services on behalf of the organization, then the latter, without any further worry, can focus on its core business objectives. This certainly contributes to the productivity of the organization driving business growth.
The service provider constantly monitors the organization’s IT ecosystem and addresses issues as and when they occur. This quick response time saves the organization’s resources and boosts time-to-market.
Delivers automatic updates and upgrades
Competent MSPs will ensure the organization’s infrastructure is always up to date. They will implement the latest security patches and updates and ask the organization to go for system upgrades wherever necessary. Service providers will have access to the latest tools and technologies and constantly update themselves with them.
On the other hand, if the organization still depends on its in-house IT team to regularly upgrade software and technology, there could be delays in the process. The organizations will consume more time and resources besides having to invest in ongoing training of employees. With future-ready services, service providers can manage any new upgrades that suit any organization’s infrastructure best.
Enables seamless scalability
In today’s digital era, the market, customer, and business need constantly evolve. Whenever there is a sudden spike in demand for the organization’s products and services, the service providers can make it easy for companies to meet the demand. This is due to their ability to scale storage and compute resources, irrespective of the time of the year. Organizations need not worry about their infrastructure and just focus on increasing or decreasing the resources to keep up with the requirements of the business. All organizations very much appreciate this operational agility of the MSP. Additionally, the flexible model offers customized services where companies can choose from the range provided, freeing up budgets for business growth.
All organizations looking for future-ready business models will benefit from outsourcing their cloud infrastructure requirements to focus on growing their business and expanding to larger markets.
The author is a founder and director of Cloud.in
Published on - CIO&Leader
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