Cloud computing has redefined the way businesses run daily operations. Companies rely on modern cloud computing solutions to overcome operational challenges. These applications have proven to be particularly useful during the COVID-19 pandemic.
It isn’t surprising that the global cloud computing market was worth $371.4 billion in 2020.1 It’s projected to grow at a CAGR of 17.5% and reach $832.1 billion by 2025. Here’s why this matters to small businesses.
The Importance of Cloud Computing for SMBs
While cloud-based solutions are beneficial for organizations of all sizes, they’re especially helpful for small businesses. Specialized SMB cloud computing solutions can be instrumental in reducing operational costs and maintaining business continuity.
With 94% of all enterprises2 utilizing cloud-based services in some capacity, it’s high time you take action. But if you’re new to the world of cloud computing, you might be skeptical about the costs and risks associated with migrating to the cloud. Understanding three key benefits of cloud computing for SMBs will help you make an informed decision.
1. Easy Accessibility
This is one of the biggest benefits of using cloud-based services. Unlike on-premise software, cloud computing applications can be accessed from any device, irrespective of where your employees are located. This feature comes in handy for today’s hybrid and distributed workforces.
From collaborating on a project to accessing product inventory, your employees can use cloud-based services to perform a wide array of tasks. The best part is that they don’t have to be present at the office to carry on with their job. As long as they’re connected to the internet, they can continue to communicate and collaborate with other team members.
Apart from enhancing business operations, it can be instrumental in amplifying employee efficiency. When your employees have the flexibility to work from any location of their choosing, they’ll be more productive at work.
It’s particularly crucial considering that 34% of workers3 find it useful to work on the cloud and would consider looking for new jobs if asked to return to the office full time.
2. Increased Cost Savings
SMB cloud computing applications eliminate the need for small businesses to purchase, install, and maintain specialized hardware. Also, you don’t have to hire skilled personnel to manage the hardware and network infrastructure.
Similarly, cloud computing services help you save the high, upfront cost of developing and deploying proprietary software. Instead, most cloud-based SaaS applications charge a monthly/annual fee based on your usage. Also, cloud solution providers handle the task of maintaining these applications and implementing the latest updates.
All these factors help you cut down on tech-related expenses for your business and improve employee performance and productivity, thus helping you generate more revenue. That makes cloud-based services one of the most indispensable tech solutions for small businesses.
3. Guaranteed Business Resilience
Migrating your data and operations to the cloud makes your business immune to the repercussions of service disruptions.
It ensures that your employees have uninterrupted access to key data and systems, even during a service disruption or security breach. This, in turn, helps ensure business resilience and minimizes the toll of such events on your company’s bottom line.
Take Your Business to Greater Heights With SMB Cloud Computing Solutions
Cloud-based services offer a plethora of benefits for SMBs, including improved accessibility, flexibility, and scalability. They’re the reason many small businesses have managed to stay afloat during the COVID-19 pandemic, and they’re easier to implement and more cost-effective in the long run.
Are you still contemplating whether a cloud migration would be the right choice for your business? Schedule an audit with us today to evaluate the pros and cons and identify ways to optimize your technology budget.