Cloud technologies are becoming a necessity for many small businesses, as its strengths are keeping small businesses in competition with the larger enterprises. Cloud has increased mobility and data availability for companies of all sizes. According to Forbes, cloud is likely to become an $80 billion industry by 2018 with the expectations of doubling for small business participation in the next six years. As more companies are jumping on the cloud bandwagon, it is becoming increasingly clear the benefits of the solution, with predictions of a 30 percent annual growth for the industry. The addition of a cloud computing system has benefitted companies with limited IT departments, allowing management to focus their teams on additional business.
Outside of freeing up IT departments to work on other projects, there are many other benefits for small business utilizing the cloud system. If there has ever been outage issues on-site, it has not affected productivity. With data stored on the cloud, it has allowed employees to continue working while technical concerns are resolved. Cloud has also provided a simple on-boarding process, as employees do not need to learn to navigate confusing in-house filing systems. With its flexible costs, cloud allows business to better manage, share and control their data. Finally, it allows these small businesses to work like larger businesses; the cloud allows business to grow and be incredibly lucrative.
While some individuals are hesitant and focus on concerns, like security and information control, the truth is that security is incredibly important for cloud services and a very high level of security is achieved for these systems, at times better than some small businesses can manage. Cloud computing can add security unmatched by smaller, on-premise options. Cloud computing truly does have real benefits for any business, no matter the size or location. While only in 37 percent of small businesses now, it is believed to reach 78 percent by 2020. It can increase time management success, remote opportunities, efficiency and reduce space obstacles.