How Cloud-Based Analytics empowers Small Businesses to Thrive

 Hello Readers,

In this week’s blog, we will explore the advantages of cloud-based analytics for small businesses, and how it empowers them to thrive in a rapidly evolving digital world! Before we dive into the blog, here is a short 2-minute video explaining what cloud computing is and its 3 main types of services.

How does small businesses grow?

Small businesses typically go through 5 distinct stages of growth, each with its own unique challenges and opportunities. 

Does Cloud-Based Analytics strengthen small business strategies? Let’s find out!

As similarly discussed in my previous weeks blog on SaaS ERP systems, cloud-based analytics refers to the manipulation and analysis of data that happens in the cloud instead of locally.

DID YOU KNOW? - Amazon Web Services is the biggest cloud computing company in the world based on a market share of 37.6%.

What are the benefits of small businesses implementing cloud-based Analytics?

Cloud Analytics has revolutionised the way small businesses operate, providing them with a range of benefits that include:

• Cost Savings

Companies can scale resources up or down as needed by paying for cloud services on a subscription or usage-based basis. Small businesses can more effectively allocate their financial resources and make investments in other crucial areas of growth.

• Enhanced Flexibility and Scalability

Cloud-based applications and services can be easily accessed from anywhere, anytime, using any device with an internet connection. As the famous quote from Steve Jobs goes "I don’t need a hard disk in my computer if I can get to the server faster… 

• Increased Security

This includes advanced encryption, firewalls and intrusion detection. Small businesses can benefit from this level of security without having to invest in expensive security measures themselves.

     In conclusion, cloud-based analytics offers significant benefits for small businesses. By adopting cloud analytics, it helps small businesses to enhance customer engagement and spur growth, setting them up for long-term success in a market.

    I hope you enjoyed this weeks blog!

   

    Niamh

 I