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The Cost Benefits of IT Outsourcing for your Business

11 Jan 2024

The Cost Benefits of IT Outsourcing for your Business

In today's competitive landscape, UK businesses are increasingly turning to IT outsourcing as a strategic move to reduce costs and enhance operational efficiency. According to Deloitte’s Global Outsourcing Survey 2022, companies can save up to 30% on operational costs by outsourcing various functions, including IT support. This savings comes from lower labor costs, increased efficiency, and access to specialized skills and technology. For instance, the average cost of maintaining an in-house IT team can be substantial. Businesses with 1-10 employees spend approximately £23 per hour on IT support, while larger firms with over 100 employees may incur costs of around £32 per hour

In contrast, outsourced IT services typically offer a fixed monthly fee that covers a range of services—from network management to cybersecurity—often amounting to less than the annual salary of a single in-house IT professional. Moreover, outsourcing eliminates hidden costs associated with hiring full-time staff, such as health benefits and ongoing training. For example, a mid-sized company with an in-house IT team might spend about £200,000 annually on salaries and benefits. By switching to an outsourced model costing around £60,000 per year, businesses not only save money but also gain access to a broader range of expertise and advanced technologies.

In summary, outsourcing IT support can significantly reduce costs while providing businesses with the flexibility and scalability needed to thrive in a rapidly changing environment. Companies should consider this approach as a viable option for enhancing their operational efficiency and overall performance.

Learn More about how Bitshift can effectively handle your IT operations while reducing your operational cost substantially
Enhancing Cybersecurity through IT Outsourcing

12 Jan 2024

Enhancing Cybersecurity through IT Outsourcing

As cyber threats continue to rise, UK businesses must prioritize robust cybersecurity measures. Outsourcing IT security can provide a comprehensive solution that not only enhances protection but also reduces costs. Recent studies indicate that companies can save up to 70% on operational costs by outsourcing their IT services, including cybersecurity measures.

Outsourced IT providers often have dedicated teams of cybersecurity experts who stay updated on the latest threats and best practices. For instance, according to KPMG, 32.3% of companies outsource software development primarily because it is more cost-effective than hiring an in-house team.

This trend extends to cybersecurity; by leveraging external expertise, businesses can implement advanced security protocols without the overhead associated with maintaining an in-house team.Additionally, outsourced providers typically offer 24/7 monitoring and incident response services that are crucial for quickly addressing potential breaches. A proactive approach can significantly reduce the risk of costly data breaches—average costs for UK businesses affected by data breaches can reach upwards of £3 million.

In conclusion, engaging an outsourced IT provider not only enhances cybersecurity but also allows UK businesses to focus on their core operations while ensuring their digital assets are well protected against evolving threats.

Learn More about how Bitshift can effectively enhance your Cybersecurity while allowing you to focus on your core operations
Navigating Digital Transformation: The Role of IT Outsourcing

13 Jan 2024

Navigating Digital Transformation: The Role of IT Outsourcing

Digital transformation is essential for UK businesses aiming to remain competitive in today's fast-paced market. However, the complexities involved can be daunting. Outsourcing IT services plays a pivotal role in facilitating this transformation by providing access to specialized skills and technologies that may not be available in-house. According to Deloitte's Global Outsourcing Survey 2022, 76% of companies outsource some aspect of their IT functions

This trend highlights how businesses are leveraging external expertise to accelerate their digital initiatives. By outsourcing tasks such as cloud migration or software development, organizations can focus on their core competencies while benefiting from the latest technological advancements. Moreover, outsourcing allows for greater scalability.

As businesses grow or pivot in response to market changes, outsourced providers can quickly adjust resources without the delays associated with hiring or training new staff. This flexibility is crucial; companies that adapt swiftly are more likely to succeed in achieving their digital transformation goals. In summary, outsourcing is not just a cost-saving measure; it is a strategic approach that enables UK businesses to navigate digital transformation effectively.

By partnering with specialized Bitshift, you can enhance your technological capabilities while maintaining focus on their primary business objectives.