There are so many acronyms in the information technology industry – AP, API, FTP, IP, and the list goes on and on. If you do not want to remember any of these acronyms anymore, look to this, hopefully, last acronym: MSP.
What is an MSP?
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An MSP is short for managed service provider. It is a third-party company that remotely manages a customer’s information technology, or IT needs. Many small and medium-sized businesses, non-profits, and government agencies hire MSPs to perform daily management services. Some of these services include, but are not limited to, networking and infrastructure management, cybersecurity training and controls, device monitoring and patching. MSPs also manage 3rd party technology, like Quickbooks.
Benefits of MSPs
While many small and medium-sized businesses hire an employee or a few employees to handle the IT for their organization, companies still need an IT company to handle some of their needs.
Some of the benefits of hiring an MSP over an employee are:
Cost
Hiring one IT person can cost your company $50,000-$100,000 plus benefits from a budgetary standpoint. Having one company take care of all of your IT needs at a fixed rate might be more cost-effective for your bottom line.
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