Why Current Economic Conditions are Ideal for Co-Managed IT

In our last blog, we outlined why now is the perfect time for MSPs to embrace co-managed services and discussed why this approach represents a strategic leap forward for them in an era where adaptability and partnership are the keys to success. In this blog, we will delve deeper into how this flexible, and cost-effective method of supporting customers will enable MSPs to position themselves as valuable partners for any organizations looking to optimize their IT operations in the current economic climate.

Here are some of the reasons why current economic conditions are ideal for co-managed services:

• Tech is resilient: Even in a downturn, businesses still need IT to stay competitive. That means there’s a steady demand for your services.
• Co-managed services are cost-effective: Businesses are looking for ways to cut costs while maintaining high-quality IT support. Co-managed services let them do just that.
• Co-managed services are flexible and scalable: You can tailor your services to each client’s specific needs and scale up or down as needed. This is especially valuable in uncertain economic times.

Plus, there are a few other factors that make co-managed services a good option right now, including:

• Tech talent shortage: It’s hard to find and keep skilled IT staff. Co-managed services give businesses access to a broader pool of talent.
• Cost-effective talent: Hiring and training full-time IT staff can be expensive, especially in a recession. Co-managed services let businesses get the skills they need without the overhead costs.
• Adaptability: Businesses need to be able to pivot quickly in uncertain economic times. Co-managed services offer the agility businesses need to adapt their IT strategies rapidly.

And don’t forget about the remote workforce. Remote work has increased security risks for businesses. MSPs delivering co-managed services can help businesses protect themselves against these evolving security threats. With employees working from all over the place, it’s harder to keep track of who’s accessing what and from where. This makes it easier for hackers to sneak in and steal data or cause damage.

Here are three ways co-managed services can help internal IT teams with remote workforce security:

1. Reduce the attack surface: MSPs can help organizations identify and mitigate security vulnerabilities in their remote work environments. This includes things like securing home networks, hardening devices, and educating employees on cybersecurity best practices.
2. Provide 24/7 monitoring: Many MSPs have the technology tomonitor remote networks and devices for suspicious activity around the clock. This helps to identify and respond to security threats quickly before they can cause damage.
3. Help with compliance: Many industries have strict compliance requirements for data security and privacy. MSPs can help organizations navigate these complex regulations and help them work towards ensuring that their remote work practices are compliant.

To sum up, the current economic landscape presents a unique opportunity for MSPs to enter the co-managed services arena. By offering flexible, cost-effective, and expert support, MSPs can position themselves as valuable partners for organizations looking to optimize their IT operations. This strategic move not only benefits MSPs, but also assists IT departments in achieving their technology goals more effectively and securely in these challenging times.

Pete Roythorne is Senior Brand Editor at N‑able

Unlock the secrets to Co-managed success with our digital playbook! Discover the ultimate blueprint for creating, selling, and pricing co-managed services with our Co-Managed Digital Playbook. Here’s what one of our partners had to say about the playbook:

“Bravo on the Co-managed Digital Playbook. It is awesome. It’s an actual blueprint of how to create your Co-managed offering, with real useable insights including how to structure your pricing. This is something you never really see with vendor guides. Thanks for all of the content and hard work put into this.” Robby Garon, President Teknertia

To get hold of your copy, N‑able partners should contact Stefanie Hammond.

Non-partners can download the Playbook here.

Check out this video interview with Stefanie for more on Co-Managed