4 Surefire Strategies To Cut IT Costs

June 25, 2018Manhattan Tech Support

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For medium and large sized businesses, IT costs can seriously add up. In fact, up to 80% of IT budgets are used for routine maintenance alone. Fortunately, there are many small yet impactful steps you can take to put a dent in your business’s IT costs and reallocate your budget. Here are just a few ways to cut your IT department costs.

Use Cloud Storage

According to data from Silicon Angle, over 60% of businesses were utilizing the cloud for IT-related work in 2013. Since then, this shift towards the cloud is all but complete. It’s easy to see why: cloud storage optimizes security and efficiency, while cloud-based applications make collaboration possible no matter where employees are physically located. Just as importantly, 82% of companies surveyed said that they saved money by moving to the cloud.

Take Advantage of Enterprise Network Equipment

Due to the rising bandwidth requirements and shift toward wireless systems, the enterprise network equipment market is projected to hit $30.6 billion by 2020. If you’re already taking advantage of cloud storage, you may be able to increase those savings by optimizing the equipment you’re using. Cisco Meraki has 2 million devices connected around the world, so don’t hesitate to consult Meraki support experts to help you get started with their enterprise equipment.

“Storage and hardware no longer need to be on-site and the cost of renting can be much lower than the cost of owning as resources are only used when needed. Containers can also be useful here as they allow customers to shop for the best price from cloud providers,” writes Bob Ronan on CIO.

Hire More College Graduates

It may sound surprising, but hiring recent college grads every year helps to minimize overall attrition. Just choose an accredited local college that your business can form a professional relationship with, and before long, you’ll have a steady influx of eager candidates willing to work hard to prove themselves without having to provide them with a six-digit salary.

Reduce Overall Turnover

Finally, reducing turnover is typically a long-term goal for most businesses, but not many know that minimizing turnover can cut IT costs as well. Simply put, it costs more to recruit, onboard, and train new employees, and reducing these expenditures can help your business reallocate some of the saved funds into more necessary IT infrastructure opportunities.

Ultimately, cutting IT costs will inevitably be an ongoing challenge, but keeping these tips in mind is a great place to start. For more information about firewall support, Meraki consultants, or professional Meraki support experts, contact Manhattan Tech Support.

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