Check out the bonus Killing IT content on MSP Radio's Business of Tech podcast! Today's a great day to subscribe to that: https://www.businessof.tech/subscribe/
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Topic 1: The Current State of Mergers, Acquisition, and MSP Consolidation
Mergers and Acquisitions are alive and well in the MSP channel. Jay McBain from Canalys predicts a growth of M&A of 50% in 2024. In addition to MSPs themselves, he says that we’ll see some major vendors acquired as well.
The promise of these larger organizations is always that they’ll bring efficiency and profit. So far, that hasn’t happened. But that’s the promise.
Karl thinks this is a GREAT marketing opportunity for MSPs.
Related Links: https://greenwichgp.com/wp-content/uploads/2024/02/MA-Demand-for-Managed-Service-Providers-in-2024.pdf
https://www.channelfutures.com/mergers-acquisitions/msp-m-a-staying-hot-what-to-expect
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Topic 2: The Practical Application for AI in Small Business
Are we there yet?
While AI is the most popular topic in technology, the question remains: what can we use AI for that will produce actual business value? Some industries have made great progress with AI, including manufacturing and medicine. According to a recent study, more than 93% of manufacturers (from start-ups to global giants) are already using AI in some form.
What are the implications and opportunities for MSPs and solution providers to sell their services to manufacturing clients? And what lessons can we learn to accelerate the adoption of AI in other industries?
Related Link: https://research.aimultiple.com/manufacturing-ai/
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Topic 3: How to best use predictions and analysis from guys like us.
Summary of the Larry Walsh article linked below: “IT spending growth projections should be taken with caution as they are directional and subject to change. While major analyst firms forecast healthy growth, the market is not uniformly strong, with several countries experiencing recession. Partner confidence is also dampened due to negative macroeconomic trends. Despite fluctuations in forecasts, investors, vendors, and partners rely on them for strategic planning. Channelnomics predicts conditions in the first half of 2024 to resemble 2023, with substantial improvement in the second half. Robust growth in IT spending is expected in 2025 and potentially 2026, driven by investments in artificial intelligence, data management services, and infrastructure refreshes.”
Article by Larry Walsh, Channelnomics: https://channelnomics.com/taking-it-spending-forecasts-with-grain-of-salt/
See also: "With a projected 6.8% surge in global IT investment in 2024, organizations are positioned at the brink of transformative growth. According to Gartner, worldwide IT spending it expected to total $5 trillion in 2024. This represents a 6.8 percent increase over 2023. And while this is an increase, it’s down from the previous forecast of 8 percent." https://www.teamdynamix.com/strategic-it-spending-in-2024-navigating-growth-and-innovation/
:-)
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