How Managed IT Services in London Boost Profits

How Managed IT Services in London Boost Profits

With the fast way technology is evolving, companies need managed IT services in London. It used to be optional, but it's now a necessity. However, many small and medium businesses (SMBs) don't include it in their priorities because of their limited budget. They think the level of their need doesn't justify the cost, and would rather spend on core business activities that have a direct impact on their bottom line.

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What they don't realise is that IT support pays off in the long term and leaves a positive impact on profit. Here's exactly how:

1) Automated tasks and processes

With IT support, administrative tasks and repetitive processes can be automated, helping companies become more productive. Hours spent on manually accomplishing a task (e.g., generating reports) can be whittled down to mere minutes. Also, the extra time and money saved can be spent on things that truly matter, like core business activities.

2) Minimised unexpected downtime

Companies lose business for each minute their app or website is down. When Amazon went down for an hour on Prime Day, the estimated amount in lost sales was a staggering $100 million. Though the amounts are at a much smaller scale for SMBs suffering from downtime, a loss is still a loss. Fortunately, most providers of managed IT services in London offer availability at a minimum of 99%.

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3) Fortified IT security

Data breaches are expensive. In 2018, the average cost of a data breach was at £2.7 million. Bigger companies can bounce back after incurring financial losses post-data breach, but SMBs may struggle to get themselves back on their feet. So instead of reactive, the approach should be preventive. Providers of IT support can strengthen preventive security measures to thwart off attempted attacks and minimise risks in case an attempt does go through.

4) Reduced technology costs

Providers of IT support lets their clients subscribe to services, staff, and equipment they offer. Thus, companies don't have to invest in and maintain their own. It also leaves them with flexibility that allows them to make decisions according to their changing needs. If it turns out they don't need a certain service, they can unsubscribe from it, or if they're not satisfied with their current provider, they can simply not renew the contract.

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These are just four of many reasons why companies need IT support, so if you haven't outsourced your company's IT processes yet, now is the time. We at Wem Technology are happy to help. As one of the leading providers of managed IT services in London, we offer cloud services for all businesses, especially SMBs. Contact us for more information.

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