How to Measure the ROI of Managed Services in NY

How to Measure the ROI of Managed Services in NY

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Lets talk ROI!

How to Measure the ROI of Managed Services in NY - managed service new york

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Specifically, how to actually figure out if those managed services youre using in New York are worth their weight in gold (or, you know, dollars). Its not always as simple as looking at the bill and saying "ouch!" You need to dig a little deeper.


Measuring the ROI of managed services isnt a one-size-fits-all equation, but it boils down to comparing what youre spending against what youre getting back. Think of it like this: what problems were you hoping to solve with managed services in the first place? Was it to reduce downtime, improve security, free up your internal IT team, or something else entirely?


First, you need to establish a baseline. (This is crucial!) Before you even thought about managed services, what were your IT costs?

How to Measure the ROI of Managed Services in NY - managed it security services provider

    How often were you experiencing outages?

    How to Measure the ROI of Managed Services in NY - managed service new york

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    How much time were your employees spending on tech support instead of their actual jobs? Get those numbers down.


    Then, start tracking the impact of the managed services. Are you seeing fewer outages? (Thats a big one!) Are your employees more productive because theyre not constantly wrestling with tech issues? (Time is money, after all!) Is your security posture stronger, reducing the risk of costly breaches? managed it security services provider (Prevention is way cheaper than a cure!).


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    Quantify everything you can. Turn those improvements into actual dollar figures. For example, if downtime cost you $5,000 per hour and managed services reduced downtime by 5 hours per month, thats a $25,000 monthly savings (at least on paper!).


    Dont forget the less obvious benefits either.

    How to Measure the ROI of Managed Services in NY - managed service new york

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    Managed services often bring expertise and best practices that you might not have in-house.

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    This can lead to better technology adoption, improved efficiency, and even a competitive advantage. (These are harder to quantify, but definitely worth considering!).


    Finally, calculate the ROI. managed services new york city (Heres the math part!) Take the total benefits youve identified (the cost savings, the increased productivity, the improved security, etc.), subtract the cost of the managed services, and then divide the result by the cost of the managed services. Multiply that by 100, and youve got your ROI percentage.


    For example: if you saved $50,000, and your managed services cost $20,000, then (($50,000 - $20,000) / $20,000) 100 = 150% ROI.


    Keep in mind that the ROI calculation is an ongoing process. (Things change!) Regularly review your metrics, adjust your strategy as needed, and make sure your managed services provider is delivering the value you expect. And communicate! Talk to your provider about what's working and what isn't. managed it security services provider Its a partnership, after all!


    So, take a deep breath, grab your calculator, and start measuring!

    How to Measure the ROI of Managed Services in NY - managed services new york city

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    You might be surprised at the real value those managed services are bringing to your New York business!