Global IT spending is forecasted to reach $3.9 trillion in 2020. Specific sections within IT spending like enterprise software, general IT services and data system centers have experienced significant growth year over year for many years. This growth is expected to continue in the 2020s and there are many opportunities within IT spending to improve cost efficiency. With this significant investment on IT spending globally, businesses of all sizes can inspect their spending and find avenues in which they can save money.

As the coronavirus pandemic continues, businesses are looking for ways to reduce costs in their operations to stay afloat until normal business operations resume. One of the main ways businesses can save money in their operations is to reduce their excessive spending on their IT infrastructure. By getting rid of unnecessary and used IT services, businesses can save significant money instantly and use that capital to keep their business afloat.

Many IT companies offer businesses IT services in packages that do not make sense for their specific business. With these bulky IT packages, businesses often benefit from one or two services while rarely using the other services. If businesses were to only use their utilized services while removing the excess, unused services, they would save significant cash. This is where fractional IT can serve businesses.

Fractional IT:

  • Drives efficiency: businesses can opt to use IT services that only drive real, tangible results for their business.
  • Provides savings: with fractional IT, businesses can select exactly which IT services they want to use in their business and discard any other services. Businesses that transfer their IT services to fractional IT can save thousands of dollars instantly. This allows businesses to be lean and invest in services that drive business growth.
  • Flexibility: Fractional IT does not involve long-term contracts or any other binding elements that would force a business to keep working with an IT provider. You can use fractional IT services for your business as long as it provides value. If your business decides to pivot or look for other options, there are no difficulties and you can make a seamless transition.
  • Access to expertise without additional costs: With fractional IT, your business gets the same access to IT professionals like IT managers, remote tech support and more. Fractional IT provides the same services without the additional cost of unused services. Fractional IT can provide IT guidance, decision making and every other service general IT providers provide.

If you’d like to learn more about fractional IT services and how it can benefit your business, get a free assessment here.