Cloud computing utilizes a network of remote servers that are hosted on the internet for processing, managing, and storing data instead of using personal computers or local servers. It started out as experimental technology but has evolved into a large industry with numerous providers, all offering different products and services to their clients.
Cloud computing has provided major benefits to businesses of all shapes and sizes, with SMBs proving to get the most out of this revolutionary technology. Cloud technology has leveled the playground. Small and medium businesses now have access to elitist technology which used to only be available to large corporations. But what the future holds for small and medium sized businesses through cloud computing is more enticing, which has steered many smaller organizations to adopting the technology in their operation. Industry experts say this is only a tip of the iceberg, there is much more to come with respect to cloud computing and SMBs.
To understand how cloud technology will impact SMBs in the future, you have got to understand the benefits of cloud computing to these companies. The key advantage of cloud computing to these organizations is that it lowers operational costs, helping them to accomplish more with fewer resources and using less time. The cloud expedites product and service delivery by streamlining the process of creating solutions. The businesses can solve recurring problems much faster, leading to more innovation and the development of a more productive workforce. This trend is expected to continue as the technology gets more perfected and it’s adoption increases.
What Does Cloud Computing Mean For The Future Of SMBs?
Scalability and effective processing of information will be emphasized as cloud technology evolves into an analytics-driven environment with real-time processing of data. The future of SMB cloud computing landscape will be marked by a change from Software as a Service (SaaS) models to Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) as the primary models. Here’s a breakdown of how we should expect cloud technology to affect small and medium businesses in the future.
Real-time Infrastructure Will Scale Up Competition
Up to the minute, real-time information is the center of today’s information economy. SMBs will need to upgrade to these standards to remain competitive. The development of real-time infrastructure will provide these businesses with real-time analytics and the ability to react proactively to them resulting in faster-paced, more competitive market.
Faster, Cheaper Growth
The flexibility and freedom brought by internet hosting as well as capital liquidation resulting from offsite servers will allow SMBs to grow at superfast rates at minimum cost. This, coupled with the adoption of PaaS and IaaS platforms mentioned above can only serve to expedite the grow process. Limiting factors like subscription limits and the need to upgrade physical servers will be eliminated.
Reduced Need for Centralized Office Space
The need for centralized office spaces will continue to decline as the cloud technology becomes more perfected. Just with a laptop and an internet connection, employees will be able to perform any office task from anywhere. A virtual bookkeeper, for instance, can perform these services from a remote location.
Cloud Based Advertising
Cloud based advertising is perhaps the area that cloud computing will have the biggest impact. It will be easier for SMBs to advertise directly to their target markets. Cloud-based advertising offers maximum audience reach at minimum costs.
The future of cloud technology is hard to predict, but one thing is clear: small and medium businesses will continue to gain most from the technology. Any business in this category failing to take advantage of this technology will lag behind.
Source: SANS ISC SecNewsFeed @ May 2, 2017 at 04:09PM