It’s Time For SMBs To Wield Their Secret Weapon – Cloud Computing
Cloud computing is a buzzword that many organizations are starting to take note of, especially for big enterprises and larger organizations. However, in the current technological landscape, businesses of all sizes across all verticals can also leverage the cloud ecosystem.
For SMBs in particular, this segment of the market has the best of both worlds – cloud service offerings with enterprise-grade capabilities without incurring a huge hole in the pocket.
According to the Parallels SMB Cloud Insights report, the SMB cloud services market in Singapore will experience significant growth as it is projected to hit $916m in 2017.
So what’s fueling this surge? Let’s look at some interesting and overlooked trends that highlight how and why SMBs should adopt the cloud:
1) Lower costs
One of the most promising benefits of moving to the cloud is that it can provide SMBs with huge significant savings. As virtualization increases the value of physical server hardware, businesses can now do much more with less. There’ll also be a decrease in IT requirements and power usage, which inevitably means lower installation, upgrade and support costs. These savings are definitely invaluable!
Furthermore, with cloud computing, SMBs can now completely remodel how they want to deploy their data center. Some will opt for a hybrid option, hence making their own footprint a lot smaller. Others can completely remove their own infrastructures and move that to the cloud. With the maturity of the cloud hosting and services, these SMBs can choose the model they need, create the SLAs which are applicable for their business, and support new technologies which can drive further growth for the business. With such flexibility, this can result in better economics for the business.
2) Build resiliency into the business
Outages can be expensive, particularly for SMBs who will be more adversely affected. For some shops, it could take a while to recover from a serious outage, resulting in significant loss to the business. However, SMBS can be more resilient by leveraging on cloud for disaster recovery and business continuity. With lesser downtime, the business can then focus on providing new and improved services to the customer. The cloud can also be optimized for development and testing out of new apps, and new solutions for their business. Apart from being resilient, this level of development and test creates scalable, on-demand infrastructure that enables the business to be much more agile.
3) Better collaboration
With cloud, collaboration is effortless. Work can now be accessed from multiple devices at anytime from anywhere, which makes it much easier for teams to collaborate on shared data. Cloud collaboration tools, such as OneDrive for Business, allow users to upload, edit and comment on documents. Given the size of the business, owners of SMBs can track and manage individual progress on assignments. How’s that for efficiency?
4) Innovate like the big boys
For SMBs, physical resources may appear to be a limiting factor. Now, not anymore! These organizations can also innovate at the pace of cloud. Services can be provisioned when needed, applications can be set up and delivered with just a few clicks of the mouse, and the whole organization can be migrated and onboarded in a matter of days. Previously, this scale and speed would be very arduous for SMBs. Now, they can easily support more users and deploy use-cases easily. Most importantly, these businesses can now then focus on innovating and growing their services while exploring new options to develop new products. Hence, this innovation game is not just for the big boys anymore. SMBs can now leverage every bit of it as well.
Hence, with these trends, it is only logical to see such a projected robust growth for the cloud market in SMBs. These businesses have definitely more to gain than to lose as they migrate to the cloud. They are also able to get packages which are specifically tailored to their organizations; and their specific use-case. Ultimately, by leveraging on the cloud ecosystem, SMBs will be able to evolve and innovate, while their customers enjoy better services and products.