Cloud based software has taken the business world by storm in recent years. Cloud computing is a general term for anything that involves delivering hosted services over the Internet. It has the potential to dramatically improve how business is done and has thus gained currency amongst small and medium sized businesses (SMB). In the US, interest in cloud computing continues to increase and the number of companies using cloud technology is expected to more than double in the next 6 years¹.
Benefits of Cloud Technology
Cloud computing offers both a server and storage environment that is a step ahead of conventional systems. Organizations that use cloud based technology reap the following benefits:
1. Enables business growth
Cloud based software is constantly being enhanced and is capable of catering to significant growth and changing workflows as your business grows.
2. Significantly improved data security
Cloud software offers better data security compared with traditional software and is better protected from the risk of being corrupted or lost. Data is also less prone to disasters and in case disaster does strike, its recovery is the responsibility of the cloud provider.
3. Data storage is flexible
Cloud storage is flexible and can be customized to the needs of the business. It is significantly more cost effective compared with procuring the equivalent storage systems on-site.
4. Saves time
The costs and time spent on maintaining IT infrastructure is significantly reduced, freeing up time to focus on strategy and the core business.
5. Enables innovation
Businesses thrive on innovation. With cloud technology, sharing of information with employees, customers and vendors is easier to achieve. Such innovations enable business decisions and purchases to be made quickly and with minimal effort.
6. User-friendly and customizable
Cloud software is generally user friendly and customizable because of regular updates and feedback from customers. This is in contrast to traditional software, where updates are far and few between.
Why use cloud-based technology for asset management?
Asset management by its nature is distributed and requires access to information by custodians and administrators alike. By choosing EZOfficeInventory, the leading cloud asset tracking software, you derive numerous benefits. These include appropriate reports for better inventory purchase decisions, reallocation of underutilized equipment, efficient utilization of assets and improved inventory flow. That’s why SMBs are turning to cloud technology to ensure competitive advantage through minimizing lost assets, conflicts on shared assets and poor utilization rates.
Switch to EZOfficeInventory today, and take advantage of the 15 day free trial!
¹ Quoted from Steve King from Emergent Research