Top 8 Reasons Why Small Business Should Adopt Cloud Computing
Top 8 Reasons Why Small Business Should Adopt Cloud Computing
For the small businesses and startups out there, take a look at why making use of the cloud is in your best interest to get the most bang for your buck.
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Cloud computing is last decade’s most hyperbolic technology. It offers a savvy, multi-purpose, versatile alternative to local storage since your business can access and store information on an external platform. This has truly redefined how businesses compete in today’s world and yet it’s become such a normal part of our lives that even if you don’t realize you’re using the cloud, you probably already are. In fact, it’s quite commonly intertwined into our daily functions through things like using social media, making online transactions, and checking our email.
There are many great advantages to the cloud. This is why its adoption rates have soared above an astonishing 95% today. These benefits are especially great for business startups. As such, if you’re not already using the cloud, you should definitely start your migration there. Once you do, you, too, will see how the cloud has transcended from a viable option to a modern-day necessity if you want your business to have a sustainable, competitive advantage. There are many reasons for this.
Lower Upfront Costs
Intuit says that while some software is quite expensive to buy outright, you can afford anything you need with the cloud. It doesn’t matter if you need a video-editing suite for creative production, a point-of-sale system to track your business’ inventory, or an accounting program to record your income and expenses. The upfront costs associated with these software packages and their licenses can cost you thousands of dollars. When you’re on a tight budget, the better option is to go with the cloud where you pay a smaller fee that’s spread out over time. This is just one of the many areas in which cloud-based technology can make the difference between your business’ financial success or failure. It’s also helpful because now your small business has the same access to high-end software that big companies use for maintaining their edge, leveling the playing field.
Access Anytime, Anywhere
Easy accessibility is another major benefit to cloud computing. You can access most cloud-based programs from any device that’s connected to the internet by using either a web browser or an app. This is great because now you no longer must be in your office to get work done. You can also get it done on your laptop while traveling or on your phone or tablet during your commute. The cost for access is typically tied into the periodic service fee, which lets you save money.
Capterra says scaling your cloud-based infrastructure is a quick and easy way to grow your business. For instance, with web-based commerce, you have unpredictable server loads. An unexpected spike in popularity could overload your server which would cut off your customers’ access when they need it most. The great thing with cloud technology is when you need more resources, they’re automatically there to pick up the overload. This benefits your small business by being efficient, inexpensive, and responsive to the demand. Since you only pay for the server load you need, your costs for data management can scale with your use, which will give you the most economical solution. This makes paying for massive local server space a thing of the past.
Backups and Recovery
Information security is still a major hurdle for small businesses. Since threats quickly evolve, small businesses usually can’t form a complete defense of critical infrastructure. This is scary because in 2017 the Better Business Bureau discovered that only 35% of businesses believed they’d remain profitable for over three months if they lost access to their critical data. When you store your data in the cloud you’re building a redundancy for your information management since your data is being backed up in real-time. This offers protection against security breaches because you don’t rely so much on your physical infrastructure and making manual backups.
Lower Hardware Requirements
With cloud-based computing, it’s also easier to cut back on hardware expenses since you don’t need to maintain your own server. You also don’t need to invest in computer systems with high enough specifications to run specific software. Instead, you just need a good internet connection so your cloud computing is both quick and reliable.
Easy accessibility is another major benefit. Regardless of how you connect to the internet, you’ll be able to use most cloud-based programs, including business phone systems which are an ideal solution for enterprise organizations. They allow your employees to accomplish work on their desktop while in the office, on their laptop while traveling, or on their phone or tablet during their commutes. How much you’ll pay for this typically depends on your periodic service fee, but you’ll save money on physical program copies and licenses.
Not all small businesses are able to afford in-house tech support. This is something you no longer have to worry about with cloud-based computing. You don’t need to pay someone to install your software, upgrade it on every device at regular intervals, or make sure it’s compatible with your operating system. All you need is a simple web browser and you can leave the rest to your cloud software provider. You’ll never be caught running an old software version again because you don’t need to find money in your budget to update it.
Provides More with Less
Knowledge Hut says the strongest argument is its cost-effectiveness. This is made possible because the cloud eliminates the need for physical storage and you also won’t need IT professionals to maintain your equipment. It’s great because it not only significantly reduces your costs, but it also opens your office space up for you to put it to better use. One study suggests that companies who switch just 5 of their employees from paper to a mobile field team will save as much as $12,000 per year. This doesn’t even take into consideration how much of an administrative hassle you’ll also be able to save.
Additional savings are also made possible since with the cloud you only pay for what you use when you use it. This saves you from anticipating how much storage space you’ll need next year and paying for it in advance. Instead, you simply adjust your storage capacity with your service provider as and when needed then pay accordingly.
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