Cloud computing is still a relatively new concept but it is already having a big impact on businesses of all sizes. Cloud computing moves many of your technology needs away from an in-house IT department. Data-processing and data storage become Internet based. Large groups of remote servers are networked to allow sharing and online access to computer services or resources. Solutions like our very own Stockpile, small business inventory, are changing the way you run your small businesses. Companies that use the cloud for technology needs, like small business inventory management, benefit from:
- Cost savings (Not only is the cloud cheaper than having an in-house IT department but there may be additional tax advantages as well)
- Scalability
- bursting/elasticity (use as much or as little as you need at any time)
- storage on demand
- metered charges so you only pay for what you use
The impact is even greater for small businesses. Software solutions like our small business inventory system make inefficient processes for taking stock a thing of the past. Historically, larger companies were able to leverage their vast resources to gain a technological advantage. Simply put, they could afford better software and better solutions than their smaller counterparts. The cloud gives smaller businesses access to the same technology that big businesses are using. Having access to the same world-class infrastucture as a multi-billion dollar company is a definite competitive advantage.
The cloud also provides opportunities for collaboration, multi-device usability and increased agility. While you may already be able to do some of that, the cloud makes it easier and reduces the financial commitment required. There is always some aspect of your business that could use a little extra cash flow. Isn’t it nice to be able to cut costs without cutting corners? That’s the benefit of cloud computing. Your small business can finally take advantage of the same economy of scale that is afforded your much larger competitors.
Time and money are two of the biggest hurdles that any business faces. Without enough of each, your business will flounder and ultimately fail. Switching your technology needs to a cloud based system decreases both the funds and the time that you will need to devote to technology, thus allowing you to focus on growing your business. For more information on how cloud computing can benefit your small business check back with us. In our next post, we will discuss some of the key considerations before switching to a cloud based technology model. Until then, signup for Stockpile (free online small business inventory management) and enjoy all the benefits of cloud computing made easy.
