Cloud computing is a boon to every business, irrespective of the size. However, small or medium sized businesses (SMBs) can make the best of them since they can effectively run their business operations without making hefty investments. Unlike cash-strapped businesses, large businesses can afford expensive hardware, software, infrastructure and human resources for streamlined business functioning, thus cloud computing proves the be the kind of panacea for SMBs.

Nearly 37% of small businesses in the US are currently using cloud services and the figure is likely to surge to 80% in coming 4 years. “The cloud is transforming how small businesses operate and the way companies like ours serve the needs of entrepreneurs," said Joshua Reeves, CEO and co-founder of ZenPayroll, a simple, cloud-based payroll service for accountants and bookkeepers. Reeves adds that his cloud-based payroll service helps businesses get rid of the hours of frustration of dealing with complex tax calculations, countless forms etc. Besides, business owners get time to work on their relationships with employees to appreciate and motivate them. Cloud computing services can be divided into three broad categories: Â Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (PaaS).

Let’s talk about as to how cloud computing helps SMBs grow

Reduction of business costs: Small businesses can go for cloud-hosted servers to get access to robust and scalable computing. Cloud computing services also minimize IT requirements and physical storage, which helps small businesses cut significant business costs. ÂÂ When a small business starts growing and witnesses a rapid rise in number of customers, cloud service provider automatically allocated as many servers as requires to effectively handle high traffic. Cloud services can be both scaled up and down based on the business requirement, thus saves the costs of buying and installing new hardware and software. Â

Top-notch Functionality: A small business has to deal with the conundrum of matching the top class functionality of a large, established business. Since resources to create the custom functionality are expensive, it becomes difficult for small business owners to effectively manage their businesses. But all such business woes are eliminated by cloud computing. A cloud service provider will provide enough flexibility to your business to enhance development, improve maintenance and enable upgrades. Â

Special services for back-office operations: In future, small businesses can integrate cloud-based plug-in players into their back-office operations to rid the need of spending time and energy on menials tasks related to finance, marketing and human resources. Thus, more small businesses will begin availing cloud services to save both money and effort at their end, which in turn will help other important areas of business. source: www.technewbrand.com

Easy collaboration and no time constraint: When all business related files and documents are saved in cloud, anyone with permission from administrator can access them at any point of time. Such a service gives significant rise to collaboration and removes time-constraint, an important factor to bring success for a new startup or a business Â

Opportunity to become big: Growing number of platforms and plug-in services will enable small businesses to establish themselves in market that were previously dominated only by large companies. For example, AirBnb , a website that enables people to rent their homes and uses cloud services from AWS, helps individuals expand their reach to mass market via community infrastructure. ÂÂ

High security: Cloud service providers always keep a backup of your important business data. Since the data is also stored offline, chances of hacking, viruses, and other data security issues go out of the equation.

Improved efficiency: Small businesses can improve efficiency to a big extent by adopting cloud computing services. Via cloud computing, operations of a small business do not get hampered because of power requirements, small space and software updates. Â

Cloud computing helps SMBs set up a robust, scalable infrastructure on cloud to ensure smooth functioning of business operations and scaling web applications. Cloud computing offers tremendous opportunities to SMBs to grow without making huge investments.Â

Please give your additional inputs about how cloud computing could help SMBs in the comment box below.