Managed IT Services: 7 Industries That Can Benefit

Managed IT Services

Managed Service Providers (MSP) are becoming a common replacement for in-house Information Technology (IT). Managed IT service provider, such as is allowing businesses to save on costs and keep a centralized control on their IT functions. Many industries nowadays utilizing the benefits introduced by MSPs for expert support to become more competitive. However, not all industries have leaped and moved over to managed services for IT. The top industries utilizing Managed IT Services today are education, government, healthcare, property management, and retail. Yet, there are many more industries that could benefit. Keep reading to learn more.

7 Industries That Could Benefit From Managed IT Services

1. Financial Services

It’s no surprise that financial services have not taken advantage of a managed service provider. With so much sensitive data from customers on the line, financial services companies must be careful. However, security protocols have evolved over the last several decades and can provide a robust and secure system, regardless of who is maintaining it.

The financial services industry deals in tons of transactions every single minute. And a lot of transactions equates to much hardware and data that could be managed by a 3rd party service. Moving to an MSP would reduce overall maintenance costs and provide better protections by a trusted partner who is focused on the latest security technology.

2. Insurance

Much like financial services, insurance also deals with infinite quantities of data. The amount of information used by actuaries alone to calculate risk for insurance models requires its own set of databases and servers. This requires the management of an unusually high amount of hardware, networks, and software.

Insurance has a lot of complicated components to it. The information provided by customers can require an unusually high quantity of data. In addition, insurance sales, insurance channels, insurance policies, and insurance claims add to the amount of information stored. Any industry with a lot of data is a good candidate for a managed service provider.

3. Manufacturing

Manufacturing has its own complex information management problems. Manufacturing has to process information down to individual part numbers, as well as the supply chains behind the scenes that support them. This requires large volumes of data, real-time information, heavy reliance on network connections, and tight security. Teams of IT services can assist with the high quantity of servers and data needed to support this industry behind the scenes while keeping costs down.

4. Real Estate

Imagine working for a real estate company. Every component of every household on the market must be cataloged and recorded. Each interaction that a real estate agent makes with a customer must also be recorded. In addition, all sales must be stored and recorded. Mortgage information, legal documents, and more – it’s enough to make your head spin! And just like the other high-data industries mentioned, this data must be safeguarded. Real estate is a fantastic industry to move to managed IT services.

5. Legal

The business of law requires the ability to manage large quantities of data for long periods of time, sometimes decades. Contracts, legal proceedings, client information, and more are all necessary pieces of information. And this data requires the highest safeguards to keep it sustainable over that period of time.

Although not all of this data is stored on computers, what does sit on technology must also be managed and protected. This requires teams of people to properly manage it. The legal industry is a great candidate to move to managed services for IT.

6. Hospitality

Much like many of the other industries, hospitality requires infinite amounts of detail about customers, locations, and event planning. Information can be stored for years at a time and must be able to quickly change and adapt based on the hospitality environment. Most hospitality companies already have sophisticated technology systems for storing their data, which makes them a natural candidate for this type of service.

The low-profit margins often realized by this industry also make a good case for cost savings. With its high investment already in technology, the hospitality industry provides an easy avenue to move to managed services.

7. Nonprofit

The biggest argument for nonprofit sectors is their very constrained budgets. Nonprofit organizations spend much effort keeping costs down. This also means their data and software may reside on antiquated systems in need of more modern expertise. These areas are where managing services for IT can help. With so many managed service providers out there, there is sure to be a budget that meets the needs of nonprofit organizations. And the current knowledge provided by an MSP could help bring nonprofits into a current age of sophistication for software and network protocols.

Managed service providers for IT can be highly beneficial to an organization. Not only do they help consolidate and reduce overall server, network, and data costs, but they can often provide better data security. Although several industries have made the move to a managed service provider, there are still many that have not. Seven industries that are good candidates for managed IT are financial services, insurance, manufacturing, real estate, law, hospitality, and nonprofit.


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