Few business or IT leaders would question the importance of protecting data if asked directly, and the threat of a privacy or security breach has been made a real prospect in light of recent events. Whether the risk stems from the organization's own system administrators (as it did in the case of Edward Snowden) or from cybercriminals, such incidents can be costly for companies and their customers. In fact, even a single incident may leave a trail of billions of dollars in expenses if data such as payment card numbers is compromised. Most companies are likely aware of the risk, but the problem is that many do not have appropriate oversight of their own data security practices.
Outsourcing and offshoring: these are both terms that we hear on a daily basis. Some companies, however, do not understand the difference between outsourcing these services and offshoring them. With the rising prevalence of outsourcing IT services to save costs, your company may face this decision in the future.
Businesses from manufacturing to hospitality and everything in between have increasing IT services requirements that must be fulfilled without waste and with increased efficiency. Companies will find it harder compete in the increasingly globalized economy without the proper IT solutions in place to drive innovation and efficiency. Many businesses quickly are beginning to realize that outsourcing IT services allows them to take advantage of cutting-edge technologies and services without allocating significant financial resources and capital to supporting in-house staff.
Executives across the financial, hospitality, manufacturing and many other industries are realizing the numerous benefits associated with outsourcing Information Technology services. The global financial sector has been a forerunner in outsourcing IT, surpassing most other sectors with a 61% rise in frequency of IT outsourcing, according to Everest Group Research.
A recent survey from Asset International's CIO magazine discussed the many driving forces behind business leader decisions to outsource tech-related duties, including the desire to increase efficiency and growth potential. In light of budget slashes and potential layoffs, many companies have been adapting to uncertain market conditions over the past few years with greater reliance on IT services providers.
Modern companies no longer segregate IT solutions from other departments such as accounting or marketing, but are melding the activities together for more efficient practices. In fact, a company may lose its competitive edge in a market if all departments do not embrace the latest IT innovations pertinent to daily activities.
Companies of all sizes are discovering the value of IT services and appointing tech-savvy professionals to work on business operations and communications. By partnering with IT service providers, companies are enjoying the perks of consistent network management, operational efficiency and transparent communications. Costly glitches and setbacks in business growth can be alleviated or avoided with accurate IT services, while working with a third party can reduce costs of maintenance and infrastructure to improve the bottom line.
Companies of all industries are learning the value of outsourcing IT services to third party providers. By working with a contractor partnership, companies can enjoy having more time and resources for other projects, while experts in the field maintain network management operations and other tech-related tasks remotely.