Kristin Harris, General Manager of cloud based employee management platform Deputy, discusses the growing number of SMBs using technology to level the playing field in 2016.
The advent of enterprise level, low cost technology powered by the cloud is continuing to transform the competitive landscape for many SMBs. With the number of US SMBs fully adopting cloud technology set to double by 2020, many businesses are already gaining a crucial competitive edge.
Despite its rapid advance cloud technology still has many business owners confused: What is the cloud? Where is it? How do I make use of it? At its heart cloud computing removes the need to install software on your personal computer or company network. Instead software (security / payroll / HR) is provided for you as a service by another company and accessed over the Internet.
In recent years many software providers have switched to cloud based business models. This has offered increased flexibility to vendors, which in turn has reduced the costs of software for many SMBs. In 2016 progressive small businesses will grow faster by harnessing the power of cloud technology in the following areas: