Cloud computing is changing the way businesses operate, giving owners and managers capabilities that were once available only to large companies. Using a web browser and an internet connection, businesses of all sizes can use services and software as they’re needed.
In the cloud, businesses can access CRM systems, data backups, and much more. Consider these BI tool advantages to see how any company can benefit from a migration to the cloud.
Cloud-based software can be used anywhere there’s an internet connection, which makes it a great collaborative tool for companies with remote workers. Increasingly, SMBs (small- and medium-sized businesses) are relying on remote productivity—and that trend shows no signs of slowing down.
Using software in the cloud, far-flung teams can work on documents without having to share task lists, calendars, and attachments via email. Participants simply sign up and sign in without installing or downloading anything.
Team members can also connect through messaging services and hold meetings with full video and audioconferencing functionality. Some cloud services also allow companies to include vendors and customers in such meetings. As information becomes more shareable, companies find themselves better equipped to react when opportunities arise.
Effective Growth Management
Cloud-based resources are elastic and scalable, so companies can increase capacity or direct efforts to accommodate growth and handle spikes in demand. One of the hardest things about running a business is predicting future needs—there should be enough resources to utilize opportunities but not enough to blow the budget. With cloud technology, businesses can meet needs as they arise and use only what’s required to manage growth and increase efficiency.
For instance, if project and customer demands require in-depth collaboration, users can access tools quickly. Organizations can become more flexible when they work in the cloud simply because their agility and reaction times are improved.
A cloud-based service will help users save money in many areas, including cooling and power costs, software upgrade and licensing expenses, and server maintenance. About half of all SMBs use cloud computing to reduce costs.
Along with easier upscaling, the cloud also allows users to downsize during slow periods by removing users and decreasing storage space. Rather than maintaining unused hardware, a cloud subscription allows SMBs to access the services and software they need without overspending.
For business owners who lack the resources and time to implement backup strategies—and for those who keep backups on-site—the cloud will allow for the easy retrieval of data in the event of a fire, flood, or another disaster. Choose a cloud service for frequent backups to an online location, so you can be up and running again within a few hours. Many cloud providers offer redundancy, which means data is stored in several centers for additional security.
Cloud services are often more reliable than those offered on-premise, especially in cases involving aging hardware and servers. Cloud providers have in-house, skilled IT team members—which means they can resolve issues sooner than small businesses without dedicated IT resources.
Simplified Resource Management
With off-site server allocation and management left to experienced providers, cloud computing allows business owners and managers to focus on other operational tasks. Because cloud resources are allocated on an as-needed basis, the time needed to start goes from several days to just a few minutes. For a small business that needs to become more competitive while using resources wisely, moving to the cloud is an essential step.
Level Up in the Cloud
For many organizations, utilizing cloud technology brings a competitive edge—whether it’s acquired by using CRM apps or spending less time buying, servicing, and installing new hardware. Cloud work means that resources are accessible on-demand from anywhere there’s an internet connection, with the freedom to scale up when necessary. With limited risk of memory capacity reduction and adverse effects on computing power, businesses can become more efficient and agile.