The benefits of cloud enablement for small businesses are endless. To boost productivity, improving collaboration, and promoting innovation, a number of new business set ups are opting for cloud-based software to store and share the data. This has empowered SMBs to access and process silos of digital information sitting from anywhere in the world. Cloud computing comes handy for small businesses that want to grow at an unprecedented rate. If you have started your own business and are looking forward to increase your team’s efficiency, getting remote access to the data along with reducing the risks involved in running a business, it’s time to invest in a reliable cloud-computing tool.
A cloud-computing solution adds remarkable value to any business size. However, in the case of SMBs, the advantages of adopting cloud computing are overwhelming. As cloud enablement helps businesses to store data on the internet, SMBs can access information anywhere with any compatible device. Cloud computing has a central-based hub that disperses information to anyone with proper credentials. It further syncs data for all devices connected to the cloud, keeping them updated with real-time information.
According to the latest study by Microsoft, approx. 96% businesses leverage cloud computing while only 78% of those are SMBs. Though small businesses are adopting cloud-based apps, such as Office 365, their continued dependency on ERPs impends them from competing against the key market players.
With this article, we bring you the top reasons behind more and more SMBs adopting cloud computing solutions:
Small businesses that have adopted cloud computing make much more money than the other players in the market. A Nucleus Research indicates that companies that use cloud-computing software, such as Microsoft 365 make almost $16.97 for every $1 spent. Regardless of what the size of the business is, companies can save a significant amount of money by reducing the hardware installation and operational costs. These low upfront costs to move to the cloud and access to tools & apps that are otherwise too expensive make cloud computing a worthwhile consideration for any business.
Makes Scalable Growth Approachable for Businesses:
No SMB intends to remain a small business forever. Most businesses have the goal to grow and become an industry pioneer. Most businesses, however, in their approach to attain monetary and influential success overlook the tiny steps that impact their ultimate goals. Right from hiring the perfect employee to the timely product delivery, each step is crucial in making a business successful. When business tries to cobble up these problems, each aspect of sales, growth, and popularity takes a hit. That’s why cloud-based solution is the right choice. SMBs can choose their pace of growth and get things organized while sitting anywhere in the world. Whether it’s adding more users or generating more transactions, cloud services work dynamically to keep you ahead.
Lowers the Capital Expenditure:
Cloud enablement can help businesses effectively cut their infrastructural and capital expenditures. Skyrocketing costs of hardware and software licenses are eliminated right away thus, saving businesses from putting a dent in their savings.
SMBs need flexibility in their IT infrastructure. Irrespective of the location or time, businesses can function from wherever and whenever- thanks to the cloud computing solutions. Users can also access data right on their mobiles if they are on a go and can’t check important emails on the laptop or tabs. Flexible access also leads employees to work from the comfort of their homes. Happy employees mean more productivity!
Increased Team Collaborations:
Cloud enablement smoothens & boosts inter & intra-team collaboration. No matter where your employees are- in the office or out in the field, they have the liberty to access and work on the same files in real time. This means no more “to & fro” emails, no regular reminders for follow-ups. This leaves employees with ample time on their hands to dedicate more work hours to finish their tasks.When the data is housed over the cloud network, each employee can take over the task, right from where the preceding employee left it. This enhances collaboration and coordination between employees that can be an asset for a small entity with a limited number of skilled workers.
Increased Business Resiliency:
Numerous studies show that more than 50% of businesses shut down their operations within a year due to a major data loss. SMBs are the most common victims of security hacks. With cloud-enabled data security, you can keep the data loss threat at bay. Whether it’s a misplaced laptop or a broken hardware, cloud computing ensures that your data is secure with you.
Smoothens Software Integration:
Most cloud applications are compatible with majority application programming interfaces. Automation tools, such as Microsoft Flow facilitate simplifies integration. This makes it easier for users to get customized software to process the data. Businesses can connect seamlessly, thereby, increasing speed and efficiency.
Makes Work Easier:
Transferring business information into cloud is pretty easy. There is no need to install new hardware or software. The seamless integration allows businesses and employees to make the best use of the available resources in the best possible manner.
Once an SMB has moved to the cloud, it becomes visible to the top players in the market. Cloud computing allows SMBs to adopt the unconventional and sophisticated practices that large business houses follow. It enables SMBs to innovate new trends and gain an edge over the competitors.
To conclude, cloud computing empowers SMBs to empower their sales, marketing, operations and other departments- from one-point solution. Backed by AI and highly-advanced analytics, cloud enablement can do wonders to small businesses.