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Top Strategies to Reduce Network Cost

Your organization’s network may check the boxes for availability and capacity, but have you
considered whether you could further reduce network costs?

Network infrastructure can be expensive to upgrade and manage, and organizations can find it
difficult to determine where they can cut costs. Enterprises looking to improve their network
setup should analyze their current infrastructure and determine what changes they can make to
eliminate extraneous expenses and reduce investment risks.

Here are 3 strategies your organization can adopt to reduce network expenses:

1. Increase security

Cyber attacks are extremely expensive and cost organizations significant amounts of money in lost data and customer trust. The average data breach costs $3.92 million, according to a Ponemon Institute and IBM Security 2019 Cost of a Data Breach report1. On average, it takes 279 days to identify and contain a breach. Data breaches can have long-lasting financial effects, with 11 percent of total costs occurring two or more years after the attack.

Enterprises investing in private networks and security tools can minimize the risk of a costly malicious attack. Organizations requiring a more secure network for handling sensitive data, such as government agencies, should consider transitioning to a setup optimized for cybersecurity including:

  • Dark fiber– fiber optic cables that are private and are inaccessible by outside entities.
  • Wavelength services– leased wavelength of lights designed for private and reliable data transfer.
  • Switched ethernet– physical connection cables require a malicious attacker to gain access to the network source’s physical location and connect from the inside.

2. Automate your network

Organizations can lower their operational costs by automating their key network processes, which often includes the testing, configuring, deploying, and managing of network-based devices. Automation also enables networks to handle modern workloads better, reduces human errors within your network, and promotes reliable levels of service. 

As network automation hardware and software continues to evolve and emerge, enterprises should research which best automate daily network processes. Organizations should adopt automation tools and processes that are easily customizable to fit future needs and promote efficiency.

3. Partner with a local managed network services provider

Local managed network services providers (MNSPs) are experienced in assisting their customers identify what network setups are optimized for cost-savings, scalability, and performance. Customers of MNSPs also receive a predictable cost structure, which helps organizations better budget network and IT investments.  

Organizations working with network providers can get recommendations on how they can improve their infrastructure to reduce maintenance tasks and eliminate unnecessary expenses. The right network setup allows enterprises to focus on their core business objectives, which promotes organizational productivity and increases profits and innovation.

Local MNSPs continually monitor network infrastructure and equipment to identify where upgrades can be made to lower operating costs. Network providers also help reduce costly downtimes by providing on-site assistance and identifying issues as they arise so they can be addressed quickly.

Interested in working with a local MNSP that can help your organization reduce network cost? Speak to an SCE Carrier Solutions network expert today to or download our Solutions Overview to learn about your network options for cost savings.

 

Network Solutions Overview

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