BYOD (Bring Your Own Device) policies have certainly increased in popularity among enterprises in recent years. Many believe that this popularity will continue to increase because of the potential cost advantages. But there are others who feel that a corporate device policy is more fiscally sound, due to the unanticipated costs associated with BYOD.
The truth is that while there are certainly key cost benefits to switching to a BYOD policy, there are also some major cost impacts that many companies are unprepared for. For example, you may lose volume discounts, get hit with expensive early termination fees, or need to pay for additional security measures to protect your corporate data on individually-owned devices. All of these add up, and may ultimately outweigh any savings a BYOD policy promised if you are not mindful.
To make sure that your BYOD savings outnumber the costs, keep these three things in mind when making your decision:
1. Price disparity is everywhere. Mobile security vendors and mobile device management companies know that demand is high for new BYOD policies and that many companies don't know what fair market value is for these services. The price you pay is likely very different than the price another company pays - for identical services. Make sure you don't get taken advantage of. Benchmark pricing before you start negotiations.
2. BYOD is still relatively new. Vendors are doing everything they can to recoup any losses they suffer from mass BYOD migrations. They may charge higher prices, offer lower discounts or add additional fees. You need to be fully aware of any new carrier changes to pricing or terms if you want to avoid overpaying for service.
3.Very few organizations are 100 percent BYOD. The majority use a combination of corporate device and individual devices users, which means that they are not completely free of carrier and vendor contracts. If this is your situation, you probably now have less leverage in regards to negotiations with these providers, so the contracts and costs must be managed very carefully with your long-term goals in mind.
The truth is that while there are certainly key cost benefits to switching to a BYOD policy, there are also some major cost impacts that many companies are unprepared for. For example, you may lose volume discounts, get hit with expensive early termination fees, or need to pay for additional security measures to protect your corporate data on individually-owned devices. All of these add up, and may ultimately outweigh any savings a BYOD policy promised if you are not mindful.
To make sure that your BYOD savings outnumber the costs, keep these three things in mind when making your decision:
1. Price disparity is everywhere. Mobile security vendors and mobile device management companies know that demand is high for new BYOD policies and that many companies don't know what fair market value is for these services. The price you pay is likely very different than the price another company pays - for identical services. Make sure you don't get taken advantage of. Benchmark pricing before you start negotiations.
2. BYOD is still relatively new. Vendors are doing everything they can to recoup any losses they suffer from mass BYOD migrations. They may charge higher prices, offer lower discounts or add additional fees. You need to be fully aware of any new carrier changes to pricing or terms if you want to avoid overpaying for service.
3.Very few organizations are 100 percent BYOD. The majority use a combination of corporate device and individual devices users, which means that they are not completely free of carrier and vendor contracts. If this is your situation, you probably now have less leverage in regards to negotiations with these providers, so the contracts and costs must be managed very carefully with your long-term goals in mind.
About the Author:
Joseph B. Kappernick specializes in helping Fortune 500 companies save money. He recommends that you visit NPI Financial to learn more about telecom cost reduction solution
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