Traction in the Cloud leads to new business models
Cloud computing has been making waves in the tech and business communities since its inception. A recent study from Oxford Economics and SAP found that not only are 69 percent of businesses planning to make heavy investments in the cloud over the next three years, but they are also planning on deploying more business models in the cloud as well. In fact, 55 percent of enterprises are planning to launch new business models in the cloud in the next three years, compared to the 44 percent that are doing it now.
Enterprises aren't the only ones moving to the cloud. Small businesses are making their mark there as well. According to a 2014 study from Emergent Research and Intuit, 78 percent of small businesses will be fully cloud operational by 2020 [see SlideShare]. The benefits of cloud computing for small businesses include improved efficiency and streamlined processes.