How Small Businesses Can Leverage Cloud Tech for Growth?
Did you know cloud computing can offer your business many new opportunities to fuel and drive your growth. Explore how you can leverage certain advantages.
Almost everyone has heard of cloud tech. But what is it? And what makes it so useful for small businesses? Cloud computing is a fairly recent development that offers a number of new advantages to businesses. And in particular to small businesses.
For example, a large corporation like Cox cable has enough resources to maintain in-house servers at various locations for data storage and delivery.
However, the same may not be possible for a small local business with limited access to cash. As a workplace technology, cloud computing doesn’t just level the playing field for smaller firms, it offers them significant new opportunities to grow and succeed.
Do you feel your business could do with some measurable and impactful growth? You may be able to leverage certain aspects of cloud computing to achieve just that. Read on to find out more.
Workers Can Access Information Remotely
The biggest challenge for businesses immediately after the pandemic was how to continue operating. With so little known about the new virus, the uncertainty nearly crashed the economy.
Many businesses were forced into bankruptcy early on, while others had to look for alternatives to the conventional workplace Luckily, existing cloud technology made the choice easier than it would otherwise have been.
Among its many advantages, the remote access aspect of cloud computing allows workers to access information from anywhere in the world. This ensures that they have access to workflows, workplace systems, software, and tools, even if they aren’t physically present in the office.
This turned out to be a lifeline for many small businesses, allowing them to stay functional and weather the storm.
Reduced Overheads and Expenses
With the cloud offering the ability to work remotely, there are significant reductions in costs as well.
In particular, the costs associated with maintaining a full-time physical workplace. That includes expenses like rent, heat and power, cleaning and waste management, and other significant spending.
With most of your workforce doing their jobs remotely, you should see a sizeable increase in your cost savings.
Lowered Spending on Storage Hardware
Cloud storage was one of the earliest quirks of using cloud services. Google Drive, iCloud, and even Dropbox were early icons in the cloud storage arena. The rationale was simple. Devices like smartphones, tablets, or even computers have hardware with limited memory capacity. That’s just how storage hardware works.
At some point, it reaches its full capacity, requiring you to spend more on acquiring new storage hardware. And that’s not to mention the costs of maintaining this hardware, as well as the risks of physical damage corrupting the storage.
But with most of your data stored in the cloud, you don’t need to spend on physical hardware. And as your storage needs increase, you can simply upgrade your service.
In the workplace, this can amount to substantial savings in terms of hardware costs. These savings can then be diverted to areas that really need them.
Remote Backup for Data Protection
As too many businesses found out the hard way, data loss is a very real risk. And if it does happen, the repercussions can be severe for a modern business.
Security measures notwithstanding, a remotely located backup is a great contingency against losing valuable business information permanently. This is where cloud storage can prove so useful.
Instead of a physical backup located in a different geographic sector, the backup lives in the cloud. Meaning the chances of losing access to it permanently are far lower, even in the event of a natural disaster.
More Advanced Security and Authentication
Using cloud services adds a very valuable edge to your data security and protection efforts. Cloud services are hosted by very serious companies with extensive experience in security and encryption. These services are the bread-and-butter of the company that owns them.
Therefore, they are very serious about protecting against data breaches and blocking any possible loopholes. Their reputation depends on their ability to assure complete safety. That frees you from the responsibilities of having to maintain and upgrade security systems, as well as the specialized technical staff that requires.
Scalable to Business Needs
Finally, the scalability options cloud computing offers are unparalleled. For most businesses, growth and upscaling also involve significant spending on upgrading their capacity. But with cloud services, businesses have a much smoother way to accommodate their growth.
Upgrading capacity does not require the usual capital-intensive spending on new equipment, better software, more licenses, etc. The scalability can be adjusted just as easily when your business needs grow as they when they shrink.