With the recent boom in information technology, cloud computing has emerged as a tool that can transform the way companies do business. The technology offers cheap, fast, portable and safe operations for all kinds of commercial set-ups.
According to a study by Intuit, 37 percent of small businesses in the United States have adapted to cloud computing, and the percentage will double by the year 2020.
What does clouding mean for a small business?
Cloud computing means big changes for organizations of all sizes but is adequately more beneficial for start-ups. From tech initiatives in the heart of Silicon Valley to urban, small town shops, cloud technology is redefining the way small businesses operate. One of the main reasons for your small company to adopt cloud computing is to overcome business challenges and increase productivity and profit margins.
Mentioned below is a list of 8 other benefits that might have your business migrating to cloud computing.
- Cost reductions
Since cloud computing fully makes use of hardware, it can provide small businesses with significant savings. The virtualization ends up increasing the value of physical servers which means a start-up can do more with less.
The eventual decrease in rack space, power usage and other IT requirements means lower installation, hardware upgrade and support costs. These savings can be used efficiently by small businesses with limited budgets.
- Business adaptability; removing barriers
Due to the constant shifts in the market, many businesses find it difficult to quickly respond to changes in the industry. This is due to the fact that resources such as capital, time or people are not readily available to react promptly.
With cloud computing, the cost normally assosiated with an official, onsite data centre is eliminated. This helps companies utilize the savings on other fruitful ventures and resources. Moreover, the chances of data theft and loss also minimize when data is stored in clouds.
Cloud computing tends to remove barriers and allows companies to adapt technology to improve the businesses outreach.
- More flexibility
Yet another captivating advantage of cloud computing is ‘flexibility’. Businesses can access work files and other information from a device at any time or place.
The days when we used to get stuck transferring files on a single server are history. Easy access to work materials remotely is becoming important for employees as the business industry caters to workers in pursuit of a flexible working environment.
Not only is cloud computing making it easier to work outside the office, but is enabling small businesses to manage their tasks from anywhere, any time.
- Optimum Output
Small businesses usually tend to get overshadowed by their bigger, well-established rivals. Since these businesses are already operating on a limited budget and competing with the big giants of the industry, cloud computing gives them the opportunity to make use of the industry-standard technologies at a nominal cost. This can eventually help them save a substantial amount by minimizing the need of devoted data centres. Thus, the data and resources are saved on cloud without the need of dedicated infrastructures which makes it easier to invest in the product, services and resources and extend their functionality.
- Easier collaboration
Irrespective of how small a company is, small business owners can still have problems managing work tasks and meeting project deadlines while keeping track of everything that is happening in and outside the market.
Before the cloud-tech revolution occurred, two employees working on the same file faced several issues such as clutter, overwriting or data getting lost. After the contemporary market metamorphosis and the right permission settings, many employees can now work together on a single source; without having to worry about overlaps or confusions since all synchronization will be done over the internet in real time.
- Paying as much as you use
Cloud computing allows businesses to pay only for the amount of storage and resources consumed. Before cloud computing garnered traction, third party service providers charged businesses a fixed amount for their annual subscription fees. Today for a smaller company, this would mean spending a huge chunk of their valuable savings.
Due to the rapid advancement in cloud computing, many service providers are shifting to pay-per-use payment methods; a meaningful benefit for small business initiatives.
- Faster, cheaper recovery
The main reason why smaller businesses invest extra in cutting-edge tech components is the fear that they might lose important information on account of faulty, unkempt business hardware.
For example, a power surge can have devastating effects on a server, and if your small company has saved almost everything in a single electronic retainer, you might just encounter a major loss. Data recovery requires a significant amount of time, money and necessary assets which small businesses cannot afford to spend.
A small business may decide to call other recovery professionals to take care of their problems, and that might not be a budget-friendly option. The backup solutions offered by cloud computing makes data retrieval faster, fuss-free and inexpensive. You can save a lot of money by not having to purchase extra software programmes or hardware to boost the recovery period.
- Faster communication; great workflow
Cloud computing has made it easier for small businesses to collaborate with other companies; cutting down on time it takes for employees to arrange meetings. It is time-consuming to manage logistics or gather resources.
Cloud technology ensures that the time potentially wasted can be spent in other productive activities. It speeds up the business process as a whole so that a company can boost growth and provide quick, reliable services to its clientele.
Smaller businesses looking to invest in cloud computing can opt for Microsoft Azure, Amazon Web Services or UTG solutions. These are the pioneers in the fraternity with top notch services. To figure out the right cloud computing techniques for your company, you will have to look into its features and figure out a viable option.
As a small business owner, if you proceed to work in a private environment, cloud computing will bring your company benefits that will directly impact productivity as well as data security. It’s a practice that will allow you to integrate and adopt market values easily altogether.
Evie Harrison is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.
Find her on Twitter:@iamevieharrison or https://en.gravatar.com/iamevieharrison
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