Why Investing in IT Partnerships is the Perfect Move Amid a Looming Recession

When it comes to IT resourcing during tough economic times, cutting costs in the wrong places can be dangerous. Short-term money-saving steps can be counter-productive – actually damaging the brand in the long term. Smart companies, however, are building powerful third-party Technology partnerships to maximise budgets and simplify their IT operations, so they can continue to grow and innovate.

Here are five key reasons why a third-party IT partnership makes sense:

• Delivering a hybrid working environment

‘Work from anywhere’ is the new mantra for all forward-thinking organisations, but delivering a hybrid working environment in-house can be risky and expensive. Partnering with a trusted third-party, however, can help you deliver the following benefits safely and without breaking the bank: 

• Hybrid working significantly reduces real-estate footprint and costs. Recent research by IWG suggests that firms can save up to £8,100 per employee annually.
• A recent study by PWC also suggests that hybrid working can boost productivity.
• Hybrid working models are also an investment in the future, providing resilience against future crises, such as a spike in covid-19 infections and public transport strikes.

• Retaining talent with slick hybrid cloud experiences

Collaboration, effortless productivity and user-friendly workplace tools are key to ensuring employee satisfaction in the ‘work from anywhere’ era. Get this wrong and your brightest talent is likely to vote with its feet.

Seamless hybrid-cloud experiences, however, ensure staff have the information and apps they need to get their job done with minimum fuss and from any location. Cloud-powered home working can also improve employee work/life balance, save staff as much as £300 a month on travel and ultimately boost employee retention.

• Cutting costs and boosting innovation

Organisations with on-prem servers might think they can’t afford cloud migration with a recession on the horizon. The fact is they can’t afford not to. With guidance from a trusted third-party IT partner, organisations can find the most cost-effective mix of private/public/hybrid cloud, simplifying their complex IT systems, delivering significant long-term savings, while also boosting innovation.

That’s because the right cloud mix reduces capital expenditure on hardware as well as ongoing maintenance. It also increases enterprise agility and innovation, because cloud apps are faster and more cost effective to spin up and down, enabling businesses to experiment with new products and services.

• Ensuring systems reliability and availability

Whether you’re providing IT services to external customers or internal stakeholders, systems reliability and availability are key to building your brand. Leading public cloud providers generally offer a 99.9% systems uptime guarantee, they maintain three copies of data at all times in different data centres, provide automatic access to backup servers to minimise downtime, and host apps on at least two servers in case of hardware failure. Few, if any on-premise data centres, can offer anywhere near these levels of reliability and availability without incurring huge cost.

• Maintaining and increasing cybersecurity

Working with a trusted IT partner will enable you to audit your cyber security, ensure your resources (both in-house and out-sourced) are aligned to the real-world risks and your in-house cyber security team is focused on core risk-management activity.

With a recession looming and budgets being squeezed, IT leaders face a huge challenge, and they can’t do it alone. The answer is to reach out to a third-party IT provider and explore the benefits, cost efficiencies and opportunities that a sensitive mix of out-sourcing can deliver.

Contact Intercity now to find out how they can help your IT function prepare for the recession.