Cloud technology has been around for a while now and most of us are using it in some capacity in our personal life. Yet, inexplicably the business community has failed to embrace it in the same way. A study by the International Data Group showed that 31% of businesses are not using cloud technology for the basic spreadsheet needs. Odd, when you see that companies that have invested in it experience 53% faster growth in revenue than those that have not.
That growth is down to the way that cloud technology increases efficiency, decreases duplication and brings everything you do into real time.‘The cloud’ refers to software and network infrastructures hosted in remote data centers rather than on your business premises or devices, and accessed by the internet.
So, how can adopting the cloud for your spreadsheet needs benefit your business?
- Because your data is stored remotely and accessed via the internet, you can reach it anytime from anywhere. All you need is an internet connection. And so does anybody else with access to the data. That means anybody can work from any location – and we’ve all seen how crucial that has been over the past 18 months.
- You have far greater control over how data is shared and who can access it. And if you think that involves some complicated security settings, think again. Allocating access couldn’t be simpler. At the click of a mouse, you can grant or deny access so you have full control and increased flexibility over your data.
- Every business fears hackers and data breaches. Not only can they be extremely costly, they will almost certainly damage the reputation of your business – something that can be incredibly difficult to repair. But as our reliance on the internet increases, hackers and scammers are becoming more sophisticated in the way they operate. So, relying on off-the-shelf security packages that you installed yourself is risky. With cloud technology, you can leverage the best security measures that are developed, installed and maintained by global giants.
- Cloud technology for your spreadsheet needs frees up your own IT. Storing massive amounts of data and documents on your own systems is more than just a security risk. It can also slow your systems down. Not only will this decrease productivity, but it will also contribute towards demotivating staff. All of which means time is wasted – and when people are able to get on with work, they are often approaching their tasks with frustration and a lack of trust in the tools they are given to work with.
There are so many benefits to adopting cloud technology for your spreadsheet needs, but what they all have in common is that they improve your business. Everything becomes slicker, more efficient and modern. It helps to ensure you get the maximum ROI from every penny spent on your business. And, ultimately, it leads to better employee engagement and an improved customer experience.
So, if you’re in that 31% of businesses not using the cloud, isn’t it about time you joined the 53% enjoying rapid growth in revenue?
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