Cloud Computing Services Are Helping Younger And Smaller Businesses Compete

Cloud Computing eBiz Solutions

24 Sep, 2018

Technology

Justine Natuplag

Cloud Computing’s Large Impact on Small Businesses

How are cloud computing services allowing small businesses to compete?

Technologies, like cloud computing, are known to be a competitive advantage – Although more than that, it can be an equalizing force that allows smaller and newer businesses to compete with larger ones. Cloud Computing Services allow smaller and newer businesses to access an array of technologies that were once too far out of their scope. Through the cloud, businesses can increase productivity, reduce costs, and increase mobility.

Benefits to Cloud Computing:

  • Lower IT Costs
    By adopting cloud computing smaller and newer companies can save costs on IT personnel, software, and hardware. There wouldn’t be a need for a team to maintain servers, back-ups, and other traditional IT responsibilities – that responsibility belongs to the cloud vendors. Business will no longer need to spend time or money installing the newest version of a software; with cloud computing the applications are updated regularly. Business can also save on hardware space since files, data-backups, and programs are stored the cloud-vendors servers.
  • Application Consolidation
    There are cloud computing services, such as Office 365, that offers an ecosystem of multiple applications on one suite. For example, traditional Microsoft application, along with more specialized applications such as: Teams, Skype for Business, MyAnalytics, SharePoint, PerformancePoint, and Tasks, are all available on Office 365 Business.
  • Mobility
    Since cloud applications are browser-based, they are accessible on tablets and smartphones. For example, the Office 365 applications (and more) mentioned above are compatible with Android and IOS. This give employees tools to work on-the-go, and access information whenever and wherever they need it.
  • Scalability & Agility: Cloud computing provides companies with the flexibility to swiftly experiment with new ideas and features. Cloud Computing also gives businesses the agility to handle dynamic changes on demand.

Statistics on Cloud Computing Adoption Rates

On average, companies with fewer than 25 employees have a cloud adoption rate of 10% to 15%. Larger companies with 500 or more employees have the same adoption rate. The Adoption rate is lowest for companies who have around 100 employees. Companies that have around 100 employees, usually have scaled enough to maintain their own in-house IT infrastructure. Younger firms are also adopting cloud computing faster than older firms. Younger firms gravitate towards cloud computing, while older firms tend to adopt PCs and e-commerce. It is believed that because of cloud computing’s  high-performance capabilities with low overhead cost, smaller and younger companies are adopting cloud computing.

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Interested in Office 365 as your Cloud Computing Service?

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