There’s no doubt your business needs to tackle an onslaught of growing compliance requirements – which are likely to continue throughout the life of your organization. And we can’t ignore the growing sophistication and frequency of cyberattacks and threats to evolving IT infrastructures across the board. The switch to remote working, accelerated by the pandemic, has made it even more important to realize that in today’s digital and corporate stratosphere, data and infrastructure security, and compliance are two peas in a pod.

Here’s why relying on reputed third-party players to manage your company’s IT framework can help lower costs, ensure data safety, and much more.

1. Complexity in IT Systems and Threats

Nothing is more frustrating for a business then to consistently manage its data security and constantly adhere to changing regulations. This is especially true for start-ups, small, and medium organizations. In addition, a lot of industries are failing to find capable and skilled professionals who have experience and knowledge when it comes to compliance and security.

This is why the best move is to outsource your compliance to a capable and reputed IT management company. You’d be surprised to know that most financial companies do this to guarantee their processes will always be in line with the stated requirements. By putting your IT landscape in the hands of a third-party organization, you are ensuring your business is constantly safeguarded against cyberattacks.

2. Data Security and Governance

There are so many facets and risks involved. From changing government regulations and compliance, to growing competition, changing market trends and increased technological and digital innovation, protecting and monitoring your data security isn’t exactly easy. Moving towards an IT management service is going to help mitigate most of these risks. IT management organizations are staffed with a roster of experienced professionals with qualifications in different industry niches. They can also help your business keep cybersecurity threats at bay by providing strategic risk analysis and proactive digital security methods. Overall, this helps considerably decrease your downtime and operational costs.

3. Reducing Costs

Hiring and maintaining an in-house IT monitoring and security team can be a costly endeavour, especially for a small business which may already be struggling with obtaining enough capital to invest in cutting-edge software and hardware resources. However, outsourcing to a professional IT management company with excellent technological resources and operating across multiple customers will reduce the overall cost of their services as you’re only liable to pay for the services you need to use, whenever you need to use them. This is far more cost-effective then spending thousands searching for reliable candidates and building an in-house IT team.

4. It’s Not Smart to Rely on a Jack-of-All-Trades

There are a lot of costs involved in recruiting and training an in-house IT team, if you’re lucky enough to find great resources. Even if you do, it’s going to be counterproductive to depend on them to maintain and secure your IT infrastructure on a day-to-day basis. As a business, you need to stay on top of your cybersecurity and data protection strategies and counting one individual who isn’t a specialist can throw a wrench in future-proofing your systems.

5. It's Not Realistic to Monitor Your IT 24/7

We live in a highly sophisticated, competitive, and innovative digital ecosystem with regularly changing trends. Today, all businesses depend on a comprehensive and fool proof IT infrastructure to maintain and protect critical data. But you can’t realistically monitor your entire IT framework on a continual basis as there’s too much room for error. Plus, imagine the amount of money you’ll be wasting covering discrepancies and frequent human errors. With a third-party IT management company, you’ll be able to focus on other critical aspects of your business while not worrying about your data and compliance.

BMIT Technologies is Malta's leading technology provider, offering intelligent, secure infrastructure solutions, to help build your internal capabilities and identify opportunities to enhance your business potential through the application of innovative technologies.