The best management budgets account for everything. Well, almost. Nearly every budget forgets to cover the hidden costs. Does your plan include it? The hidden costs that weigh you down include things like resources (even time) being wasted, high error rates, any opportunities that get missed out, fragmented device management, and more. Well-planned and clear decisions can bring your operational costs down to only the required amount.
Uncovering The Hidden Costs
Now it’s time to get a good look at which of these costs are the culprits at silently weighing down your overall expenses. From the cost of your infrastructural investments to your human resources, your money is going into different channels that may not need as much. The following table breaks down the different costs you could be incurring without even realizing it and mentions how it all tallies up into the final cost.
| Cost | Details | How it adds up |
| Infrastructure | Includes data storage, processing, and management. Covers hardware (servers, storage devices), software (DBMS, analytical tools), and network resources (bandwidth, data transfer). | Costs increase as data volume grows, requiring more storage and processing power. |
| Manpower | Expenses for hiring, training, and retaining skilled professionals. Includes salaries and benefits for data analysts, engineers, and other employees. | Accumulates with each new hire, salary increase, and additional benefits provided. |
| Operations | Day-to-day costs including hardware maintenance, software upgrades, energy consumption, and cooling requirements for data storage. | Increases over time with routine maintenance, regular updates, and ongoing energy usage. |
| Compliance | Expenses for meeting regulatory requirements, implementing data encryption, access controls, and adhering to industry-specific standards. | Grows with new regulations, potential fines for non-compliance, and the need for continual updates to meet changing requirements. |
| Cloud | Costs associated with cloud services, including data egress, unused resources, and managing cloud services with a trained team. | Accumulates through ongoing usage fees, potential over-provisioning, and the need for specialized staff. |
| Latency | Any expenses related to delays in accessing or processing data, including network latency, data latency, and application performance issues. | Adds up through decreased efficiency, need for additional resources, and potential loss of business due to poor performance. |
| Decision Making | Costs arising from poor data quality leading to inaccurate decisions, missed opportunities, and compromised business intelligence. | Accumulates over time through operational inefficiencies, lost business opportunities, and decreased customer trust. |
| Software Licensing | Ongoing costs for software licenses, including operating systems, productivity suites, and specialized applications. | Increases with each new device or user, and through annual renewals or upgrades. |
| IT Support and Maintenance | Expenses for dedicated IT staff or outsourced support for device management, troubleshooting, and routine maintenance. | Grows with the number of devices and complexity of systems, as well as frequency of issues. |
Ensuring that you’ve got a clear, well-planned way of managing your costs can mitigate any unnecessary expenses. Working with a professional such as SOTI, can make sure you’re only focussed on your business goals.
Benefits of a Unified Approach with SOTI
SOTI specializes in enterprise mobility management and mobile device management. The SOTI ONE Platform is a suite of mobility and IoT management solutions designed to help businesses manage and secure their mobile devices, applications, content, and data.
The platform features products such as SOTI MobiControl for device management, SOTI Assist for mobile device support, and SOTI Connect for managing IoT and mobile devices: one place to manage it all without adding to your overall device management costs.
The unified access and control that you get with SOTI ONE brings the following benefits:
- Comprehensive Mobility Management: SOTI ONE offers a single platform for the complete management of mobile devices, applications, content, and data, enabling you to efficiently oversee your entire mobile ecosystem, streamlining operations and enhancing control.
Enhanced Security: The platform enhances your enterprise security by enforcing strict policies, protecting sensitive data, and mitigating security risks across mobile devices and applications. SOTI ONE also ensures compliance with industry regulations and safeguards against potential threats. - Increased Productivity: SOTI ONE boosts productivity by simplifying device management and offering remote support capabilities. You can minimize downtime, facilitate seamless access to critical resources, and enhance the efficiency of both mobile workers and IT teams with this platform.
- Cost Efficiency: SOTI ONE optimizes operational costs associated with managing and supporting mobile devices, applications, and IoT endpoints through centralized control and automation. You get improved cost efficiency, which allows you to allocate resources more effectively.
- Improved Customer Experience: By ensuring the reliability and performance of mobile devices, SOTI ONE enables enterprises to deliver superior customer experiences. You get more efficient service delivery, dependable communication, and smoother interactions, ultimately enhancing your customer satisfaction and loyalty.
- Scalability and Flexibility: Designed to be adaptable, SOTI ONE scales to meet your evolving needs. It accommodates the management of diverse devices, applications, and use cases across various industry verticals, ensuring long-term value and relevance as your business grows and technology advances.
These benefits allow you to further optimize your enterprise mobility and leverage mobile technology effectively while ensuring security, compliance, and operational efficiency.
Why SOTI Works for Indian Enterprises
The APAC market is different from the rest of the world, and the Indian business landscape is even more unique than the rest. When it comes to a country with multiple diverse businesses of varying sizes and types, SOTI has a lot to offer.
- Diverse Device Management: The Indian landscape of mobile devices is extremely diverse. While the population has also embraced iOS products, Android is more commonly used with a wide range of Android smartphones, tablets, and wearables. Therefore, SOTI’s extensive Android device management (along with iOS) makes it a favourable choice for the Indian market.
- Security and Compliance: The Indian subcontinent has introduced stringent security and privacy regulations like the Personal Data Protection Bill. SOTI can enforce these security policies and protect sensitive data, aligning with the requirements of the Indian government.
- Remote Support: Especially since the pandemic, a majority of organizations across the vast geographical expanse of the country depend on remote operations and workforce management. The remote support features and remote troubleshooting capabilities are a valuable asset for companies who choose to manage operations remotely.
- Scalability and Customization: It is well known that Indian companies range from startups to established large-scale enterprises. The stark differences in the types and sizes of these companies require scalable and tailor-made solutions. SOTI ensures scalability to accommodate the growth of Indian companies, along with the flexibility to handle unique conditions and needs.
- Growing Levels of IoT Devices: Compared to some of the more advanced markets around the world, India is still growing and adapting IoT technology across manufacturing sectors, smart cities, and agriculture. SOTI can help the Indian market learn, grow, and adapt by efficiently managing and securing IoT deployment.
How iValue and SOTI Optimize Device Management
Step up your mobile device management to the next level with the unmatched partnership of iValue Group and our OEM – SOTI. Working with us gives you access to our extensive experience across various industries and SOTI’s innovative solutions, allowing your business to get streamlined operations, enhanced security, and heightened productivity.
The comprehensive approach of this partnership is especially beneficial to hybrid-cloud environments, and enables you to effectively manage and control mobile devices across platforms and operating systems.
Some of the key reasons why iValue and SOTI are for you:
- Advanced security features like Kiosk Mode and geofencing
- Efficient application and content management
- Secure mobile connection
- Device configuration and provisioning
- Remote monitoring and support
- Compliance and audit trail
- Lost device management
- Cost-effective and scalable solutions
- Regional dominance
- Global reach with local expertise
Our alliance with SOTI allows you to confidently manage and overcome the challenges associated with mobile security risks, streamline your operations, and focus on your core business objectives. Do all this and more while ensuring the security and efficiency of your mobile workforce.
Reach out to us today to know more about the hidden savings you can get through SOTI’s unified device management.
