How to Calculate the ROI of IT Managed Services

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Okay, lets talk about figuring out if those IT managed services are really worth it, yknow, the ROI thing. it managed services . Its not always a straightforward calculation, but hey, we can definitely get a handle on it!

First off, dont (and I mean dont) just look at the price tag of the service itself. Thats a huge mistake! managed services new york city You gotta think bigger. Like, what were you spending before you got them? What kinda problems were you consistently facing? (Think downtime, security breaches, frustrated employees pulling their hair out). These things all cost money, even if it aint immediately obvious.

So, whats the formula, you ask? Well, its pretty simple (in theory!).

How to Calculate the ROI of IT Managed Services - managed it security services provider

Its basically: (Gain from Investment – Cost of Investment) / Cost of Investment. managed it security services provider But the trick is, how do you measure that "gain"?

Alright, lets break that down, shall we?

Gains: This is where things get interesting. Think about:

• Reduced Downtime: No more "servers down!" panic calls! This translates to increased productivity, which equals more revenue. managed services new york city managed service new york It aint just about the money youre making, its about the money youre not losing.


• Improved Security: Less chance of cyberattacks! (Phew!). managed services new york city Imagine the cost of a data breach! Not fun, and definitely a huge ROI boost if you avoid it.


• Increased Efficiency: Your internal IT team (if you had one) can now focus on actually important stuff, like innovation, instead of just putting out fires.


• Happier Employees: Believe it or not, happier employees are more productive. Less tech frustration means they can actually do their jobs!


• Compliance? Avoid costly fines!

Costs: This is usually easier to figure out. managed it security services provider Its the price youre paying for the managed services, plus any internal costs associated with managing the relationship (meetings, onboarding, etc.). managed it security services provider Dont forget to factor in any initial setup fees, yikes!

Now, plug those numbers into the formula. If you get a positive number, congrats! Youre getting a return on your investment. The bigger the number, the better!

But, and this is a big but, dont expect pinpoint accuracy.

How to Calculate the ROI of IT Managed Services - managed it security services provider

Some of these gains are hard to quantify. Its more about getting a good sense of whether the services are contributing positively to your business.

How to Calculate the ROI of IT Managed Services - managed service new york

Is it worth it?

How to Calculate the ROI of IT Managed Services - managed services new york city

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Are you getting the value that you need?

Its not a perfect science, but hey, at least now youve got a framework for evaluating the worth of those IT managed services!

How to Calculate the ROI of IT Managed Services - managed it security services provider

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Good luck!