Here at Spectrumwise, we know that you appreciate the immense business value of technology. But we also realize that complicated tech jargon can be a barrier to taking your business to the next level. That’s why we’ve put together a useful glossary of the cutting-edge solutions we offer and some IT terms to help you wisely chart the future of your business.

Many companies, especially small- and medium-sized businesses (SMBs), have realized that partnering with a managed IT services provider (MSP) raised their business to the next level. An MSP serves as an outsourced IT department that helps companies focus on growth, address pain points, and scales to meet new challenges and opportunities.

There are many ways for the technology you use to match and exceed the expanding needs, challenges, and goals of your evolving business. Outsourcing your IT functions by partnering with an IT services expert or managed IT services provider (MSP) has become an exemplary way to do so.

The most compelling advantage of partnering with a managed services provider (MSP) is increased efficiency. We’ll explore this in detail later, but first, let’s define what an MSP is.

Every company today is a technology company. Modern businesses can no longer thrive without technology like data, social media, and cybersecurity.

More often than not, small- and medium-sized businesses (SMBs) lack the resources and expertise to tackle all that is involved with data backup and disaster recovery (DR). Some choose to take on the task themselves, only to discover that protecting company data through DR planning requires complex preparation and near-perfect execution.

Any manufacturer will tell you that getting materials on time is crucial within the supply chain. Missed delivery schedules for materials or incorrect amount of supplies could mean expensive disasters for production. To keep production on schedule and to ensure materials availability, manufacturers have developed a management approach called materials requirement planning (MRP).

Also known as a production planning and inventory management system, MRP is a demand-driven planning and scheduling system for ordering materials at the right time.

Malicious software or malware has come to affect businesses in profoundly negative ways, such as costing millions of dollars per incident and crippling public services that people rely on. It’s one of the biggest threats to today’s business world, and they come in different shapes and sizes.

An IT infrastructure that appears to be working fine can actually be on the verge of breaking down. All IT systems age, and continued reliance on them dampens business productivity.

Major warning signs that your IT infrastructure is too old

Frequent downtime
Degrading or aging systems tend to be slower, get overworked, and need frequent repairs.

The modern world is neck deep in cybersecurity threats and data breaches, and it’s only a matter of time before a law firm such as yours is faced with a cybersecurity threat. It’s vital that your firm knows the gravity of these attacks and the importance of cybersecurity measures.

In a famous painting by French Post-Impressionist painter Paul Gauguin, he asked, “Where do we come from? What are we? Where are we going?” These three questions have always been relevant to us living in the modern world. For businesses in this digital and data-driven economy, these are the most pressing questions for cybersecurity, as cyberattacks such as ransomware, phishing, and data breaches have become a significant threat to businesses and individuals.