24 Sep, 2018
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.
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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