How Cloud Technology Can Make Small Businesses More Competitive

If you own a small business, you are no stranger to the constant struggles that small companies face when trying to scale up their operations while efficiently utilizing their available resources. A decade back, smaller enterprises couldn’t hope to compete against the larger, better-established organizations in the market given the latter’s immense financial and technological resources; however, today cloud technology is leveling the playing field by enabling small companies to become agile and effortlessly scale their business to pose a much tougher challenge to their bigger and better-established counterparts.

Read further to know how cloud technology can make your business more competitive, and why it makes for you (or any small business owner) to shift to the cloud.

24/7 access to data

The biggest advantage of cloud computing is that it allows a company 24/7 access to its files and data regardless of where the individuals (of the company) might be. Small businesses can leverage cloud technologies to gain the freedom of working wherever, whenever they wish; a laptop and a stable internet connection are the only two prerequisites one must have to tap into the cloud at their leisure and channel their idle time into maximizing business productivity. So, it doesn’t matter whether you are at your office or the beach, because thanks to the cloud, you can always power up your laptop, connect to the internet, and get down to business.

Regular data backups

Regardless of whether a business is small or large, information is its most valuable resource. Corporate sabotage that breaks companies happens when sensitive, confidential data falls into wrong hands. Therefore, it is no surprise that businesses tend to prioritize reliability and security when it comes to data management. Thankfully, with cloud technology, you can relax while your data is automatically backed up frequently in state-of-the-art secure facilities protected against rogue agents through stringent security measures. Cloud computing allows small business owners the peace of mind with features like guaranteed 99.9% uptime, daily automated backups of their data, etc. Also, because your data is stored in the cloud, even if your laptop is infected by malicious software, you can always continue working on another computer device. Regardless of what happens to your device, your data stays untouched and your business, unaffected.

Significant reductions in IT expenses

Small businesses may not have many resources to start with; therefore, they must use their available resources efficiently. By shifting to the cloud-based servers for its IT requirements, a small business frees itself from the worries and concerns of having to buy, upgrade, maintain, and protect in-house IT infrastructure. Instead, small business owners can simply opt for a cloud-based SaaS that allows them the flexibility to pay only for as much computing resources as they need. Additionally, cloud technology allows users to scale up (or down) their usage effortlessly without any additional expenses which only serves to further boost their efficiency. With cloud computing, you only pay for what you use.

Supported by tech titans

Cloud computing technology is perhaps one of the most competitive emerging industries where the biggest technology companies are fiercely competing for market share every moment. Fortunately, for consumers, this means that they can choose between multiple world-class cloud computing service packages offered by the likes of Microsoft, Google, and Amazon for their business requirements. Thanks to the extremely competitive nature of the market now, customers can only expect their products to keep getting better and better while prices remain in control. Mega market capitalization companies such as Microsoft and Amazon are spending millions regularly to develop cloud-based services for consumers; therefore, you as a small business owner can rest assured that cloud computing technologies are here to stay.

Always up-to-date software

Software companies continuously keep working to innovate and come up with newer features that can generate more value for their customers. With cloud technologies, you ‘rent’ the software applications instead of owning them forever. While this might, at first, sound like a drawback, it is an advantage to the user for two reasons. Firstly, some applications may either be too expensive to own or may not have a purchase option at all, but their functionality is nevertheless essential for small and large businesses. Secondly, over time, software development companies come up with newer versions of their applications that boast new features while older versions are eventually abandoned. In both cases, purchasing (or attempting to purchase) the software would be a financially poor decision for the company. However, with cloud technology, your business can always access the latest version of the applications while at the same time, you have several pricing plans to choose from at any point depending on the features you need.

Cloud-based services can take your small business to new heights with a plethora of features to boost your efficiency and maximize your productivity. If you are interested to shift any applications like the popular accounting software QuickBooks to the cloud, get in touch with a certified Cloud Hosting Provider (CSP) that offers cloud hosting services and related cloud benefits.

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Created on Sep 3rd 2019 11:43. Viewed 449 times.

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