While cloud computing is not the most-discussed aspect of operating a business, it’s among the most used technologies. Still, doubting? Well, more than 60% of the total company data is stored in the cloud as of 2022.
If you’re yet to adopt cloud computing, you might wonder how it would benefit your small business. But worry not – this article will enlighten you on the top advantages of cloud computing for your small enterprise owners.
But before diving into that, let’s start by defining what cloud computing is, shall we?
What is Cloud Computing?
As the name suggests, cloud computing delivers computing services, such as data storage and processing and applications, over the internet. Rather than having a physical data center, your files are stored in a virtual data center and are accessible on-demand and from anywhere in the world. What’s more, you only pay for services and applications used.
Top 8 Cloud Computing Benefit to Small Businesses
Having defined cloud computing, it’s time to give you the top benefits you’ll enjoy from migrating to the cloud.
1. Data Security
In the modern business environment, data is a precious asset to any organization, regardless of size. Data loss is a key issue of concern in typical data centers. From malicious attempts to access data to accidental deletion, there are many threats to your business’s data.
Securing data is not a walk in the park, especially for small businesses, due to the lack of adequate technical expertise and resources. Fortunately, with cloud computing, you outsource computing services to an external cloud service provider. These providers are well-versed in information security details, such as permissions, encryption, and authentication.
Once you migrate to the cloud, you can select who accesses which data. Also, you collaborate with the provider to safeguard and manage your data.
2. Minimized IT Costs
IT costs are often high when managed in-house because the business must purchase, store, and maintain servers and other infrastructure. Every hardware, from ventilation unit to cabling, has a price tag, and so do the licenses, upgrades, and software.
However, with cloud computing, you don’t need servers or a large IT team to manage your small business servers. You only pay for the cloud services used, preventing the underutilization of resources. So, as a small business owner, it makes more fiscal sense to move to the cloud and save substantial and continuous investment in IT resources.
In the ever-changing business environment, small businesses need to be as flexible as possible to stay relevant and overcome competition from well-established and other small companies.
Traditional computing methods would require you to expand your infrastructure to accommodate new services, requirements, and clients. This would take time before you implement the upgrade, leading to lost opportunities.
Fortunately, cloud computing enhances scalability as computing services are available on demand. Therefore, you can scale up or down your services to accommodate new requirements. As a result, your small business can tap into opportunities as they emerge.
4. Increased Mobility
Remote working is the future of the workplace. Therefore, you’ll need to make your resources available from outside your business premises sooner or later.
Migrating to the cloud enables you to access data and other crucial business details from anywhere at the right time. This is because cloud-based applications connect your business to the communication infrastructure between clients, customer service, suppliers, and employees.
Things like tight travel schedules will no longer distract your business progress. You can access your business data anytime and make the right decisions on time.
5. Improved Efficiency
Resources are a significant limitation to small businesses. One way to ensure it survives the challenges of the competitive market is by increasing its systems’ efficiency by eliminating unnecessary expenditures. Since you don’t need additional IT staff on your payroll to manage your server, you’ll have a reduced workload from an HR point of view.
Also, the demand for training and development will reduce because there will be no need for a dedicated IT management team. Furthermore, your employee productivity will go beyond any physical workplace boundaries.
6. Disaster Recovery
Due to the increasing unforeseen circumstance, businesses must have a plan to recover should any disaster occur. To check whether your small business is disaster-prepared, ask yourself, “What would happen if you lost confidential data or power?” Fortunately, most cloud service providers put in place redundancies to ensure multiple copies of all your data are available.
Therefore, you can easily access it in case of an emergency. Although you may opt to back up your data yourself, cloud providers offer additional services that help you stay compliant with your industry standards.
7. Gain Insights into Your Business
Unlike traditional data centers, cloud computing has advanced features that can generate valuable insights. You can view reports on what your team is doing and monitor every business detail, from resource underutilization to sales trends.
Also, you can mine, analyze, and store data shared between your machines, the cloud service provider, and beyond. Doing so helps you identify market trends and make informed business decisions that skyrocket your value. As a result, you’ll stay one step ahead of your competitors.
8. Environmental Sustainability
Due to the increased climate change, customers value “green” businesses. Why not join the wave of companies implementing eco-friendly practices? Whether you’re looking for a way to cut down your energy bill or reduce emissions, cloud computing has got you covered.
Traditional computing systems generate dangerous by-products that harm the environment. By migrating to the cloud, you use virtual resources that do not emit gases or waste products. Therefore, you’ll have indirectly protected the environment.
Moving to the cloud can have significant benefits for your small business. Your business will be future-proof because you can adapt to changes as they emerge.
Also, you don’t have to migrate everything to the cloud, thanks to different cloud models, like the hybrid cloud, which lets you migrate what you can and keep what must be kept onsite. So, what are you waiting for? Leverage the power of cloud computing today!