The Financial Gains in Engaging a Database Managed Services Company

We are over a year into the Great Resignation and there are no signs of it slowing. With the Great Resignation and a saturated hiring market, many companies are challenged with finding expert talent to take care of their internal database systems. Add this to the impending recession and many companies are finding themselves in a difficult position. Yet, critical database systems need daily expert attention to manage, monitor and enhance data availability and the demands on those systems are only growing and getting more complex, and many companies are ignoring the need for a database managed service provider.

Services Provided by a Database Managed Service Provider

For many companies, having expert technical resources in the current times is becoming more difficult, if not impossible. Rising salaries and remote environments are difficult to compete with. Engaging with a Managed Services Provider (MSP) provides a wealth of expert knowledge at a fraction of what it would cost staff internally. There are so many reasons why you should have a database managed service provider and there are a variety of aspects that you should consider before picking a managed service provider, but keep in mind that partnering with a Managed Services Provider provides a breadth of services including:

• The complete monitoring and management of the health of your database system
  • 24/7 monitoring and alerting
  • Database backups, patches, and updates
  • Index, log, and statistic management
  • Optimal system uptime
  • On-demand troubleshooting of critical performance issues
• Variety of expertise not only on your system’s platform but on YOUR system
  • First-hand understanding of the intricacies of your system – just like you would expect from an in-house team
  • Availability 365 days a year – even when you are on vacation, your Managed Services Provider is still there for you
  • Wide variety of expertise at the most critical times to get the system up and running
• Additional expertise available
  • Data Analytics and Reporting
  • Troubleshooting and Performance Tuning
  • Upgrades and Migrations

When looking for a database managed service provider, you and your team will need to know the key aspects of what to look for in a managed service provider so that you can choose the right company for you that aligns with your goals, can meet your demand and fits within your budget.

The Costs of Growing Data

The continuous growth of data comes at a price. Sourcing and maintaining in-house database administration talent can be costly to a business. To form a team with diverse skills to optimally maintain your database environment, businesses often source a large team of professionals to cover all necessary skills.

The costs associated with an in-house team can include:

Recruiting Fees

When hiring, there are fees that go with locating the ideal candidate for the position you are looking to fill. You may choose to use tools that push out the job posting, or you may even engage a recruitment agency. No matter your choice, some costs play a factor in finding the right candidate. Even if you are simply posting to your website or LinkedIn, you may still find that the cost comes down to your human resources team and managers focusing on reviewing the applications and resumes which pulls them away from other internal priorities which could be costly.

Onboarding Expenses

Once you have found the right candidate, you now are looking at additional expenses for that individual’s onboarding. When onboarding a new hire, you will be paying an average of $4,000 in total expenses to pay for paperwork and administrative costs, workspace setup, welcome kit, and employee training and support.

Time to Train

Training is an integral part of hiring. Dedicating the necessary time to train a new hire to the desired standards comes at an internal cost. Team members must reallocate their time to provide a conducive training environment for the new team member – this comes at a productivity cost. Though the typical new-hire training spans about a four-week period, there will still be moments when other team members will have to stop to assist the new hire as he or she fully gets acclimated to the systems and learns the company structure and processes.

Salaries & Benefits

The median salary for a database administrator in the United States is $76,000 which is above the average US salary of a full-time employee. When you bring on a new hire, your operating expenses become higher as you pay for the new employee’s salary and the costs to provide benefits. Though the new hire is being brought on to help manage your databases and increase company efficiencies, it is not guaranteed that you will see that increase right away.

The costs of hiring a new employee add up quickly and often you are hiring one specific skill set. By partnering with a managed services provider, such as Fortified Data, not only can businesses save up to 70% of the costs associated with sourcing an internal team, but businesses also gain the combined 100+ years of industry experience and full-stack skill set. Engaging with a managed services provider reduces your out-of-pocket expenses while broadening access to data services. Your company is exposed to fractional resources across numerous technical disciplines that can engage the business in real-time. Managed service providers also provide the ability to scale up and scale down depending on the business needs and allow for better cost control and planning.

At Fortified Data, we take pride in providing optimal support to various enterprises in various industries. As a next-generation managed service provider, we stay proactive in knowing how to increase efficiencies so that your business is not only meeting your goals but surpassing them. By engaging with us, you will see the benefits of having us as a managed service provider almost immediately. Contact the Fortified Data sales team today to embark on your data journey.