Mobile devices like smartphones and tablets are now integral to the way businesses operate. Flexible work environments, remote access, and cloud-based services rely on these devices to keep processes streamlined. But with great convenience comes great responsibility. Failing to implement a proper mobile device management (MDM) strategy can lead to hidden costs that directly impact not only your bottom line but also your company’s reputation and productivity.
Here why every business should consider investing in MDM solutions for a cost effective mobile device fleet:
Security Risks and Their Financial Impact
Protecting corporate data is critical – especially for bigger enterprises. One of the most common challenges of managing device fleets is the possibility of being exposed to mobile security threats, sensitive data breaches, and misuse of company assets. Here’s why mobile device security is non-negotiable:
- Stolen Devices: Over one-third of lost or stolen devices result in financial loss for companies, affecting more than just direct costs. A stolen device often carries sensitive corporate data, which, if compromised, can lead to regulatory fines and lawsuits.
- Data Breaches: According to industry data, the average data breach costs $165 per exposed record. Without enterprise mobile protection like device lockdown capabilities or risk-based access, companies risk exposing sensitive data to malicious actors.
- Data Loss Prevention: Features like multi-factor authentication, location monitoring, and custom alerts provided by MDM solutions drastically improve data loss prevention.
Without mobile device management, the expenses tied to these risks can quickly spiral out of control. A single data breach or failure to implement mobile device security protocols could cripple your business financially and tarnish its reputation.
The Reputational Damage of Poor Device Management
Although harder to quantify, the hits to your company’s reputation from a compromised operating system or breached corporate data can be devastating. Customers and partners trust you with their information, and compromised devices can undermine that trust. The damage isn’t just external; employees may also lose confidence in the systems meant to protect their data, impacting morale and productivity.
Device Downtime and Unnecessary Maintenance Costs
Every minute a device isn’t working is a minute lost in productivity. Here’s how the absence of mobile device management results in hidden costs:
- Device Disruptions: Frequently, devices are taken offline for manual updates or troubleshooting. With MDM solutions, IT admins can ensure managed devices stay online with minimal interruptions, ensuring seamless business operations.
- Travel Costs: If devices are scattered across locations, the travel costs associated with managing and maintaining them manually can be exorbitant.
- Inventory Mismanagement: Failing to track asset inventory or usage can lead to over-purchasing (or underutilizing) expensive devices like smartphones and tablets. An MDM solution offers full visibility into your fleet, ensuring you make informed decisions about purchases and allocation.
Data Usage & Uncontrolled Costs
Without mobile security threats being centrally handled, you may also face skyrocketing expenses related to data usage. In fact, lack of control over this aspect of cost and device management quickly contributes to one of the most overlooked hidden costs. For example:
- Businesses without centralized control over data usage may unknowingly exceed their limits, leading to hefty unexpected bills.
- Using an MDM solution can prevent unapproved apps or excessive data consumption on enterprise mobile devices, ensuring every dollar you spend on data plans is optimized.
The Labor Cost Savings You’re Missing Out On
The lack of an effective MDM solution means that IT teams are tasked with manually managing devices, which is slow, expensive, and inefficient. Here’s how MDM solutions cut labor costs:
- Remote Management: MDM options allow IT administrators to push updates, install apps, deploy devices, and troubleshoot remotely. This eliminates the need for onsite support, especially for employees in different office locations.
- Real-Time Insights: Administrators can track device health, location, battery levels, and data usage, thus minimizing the need for travel between locations.
The Benefits of Using MDM for Device Fleets
Introducing an MDM solution can transform how you manage and secure your enterprise mobile devices. Here’s what you stand to gain:
- Enhanced Mobile Device Security: Comprehensive features protect devices against theft, breaches, and unauthorized access.
- Streamlined IT Operations: Centralized, remote management leads to huge time and cost savings, especially for companies with distributed teams.
- Improved Compliance: Align with regulatory standards to mitigate fines and legal risks.
- Optimized Costs: Prevent unnecessary purchase of devices and reduce ongoing maintenance expenses.
Moki Can Help Control Mobile Device Costs
Effective mobile device management is essential for businesses aiming to secure their data, streamline IT operations, and minimize costs. With Moki, companies can achieve improved compliance, enhanced security, and significant cost optimization while simplifying device management processes. Using Moki’s comprehensive suite of features, organizations can ensure seamless management of distributed devices and maintain control over their mobile device investments.
Schedule a demo with Moki to see how we can help enhance your IT operations and reduce mobile-device related costs with our platform’s robust capabilities.
