Cost Efficiencies and Mobile Enabled Workforces Drive Cloud Technology Adoption
Many businesses today are already taking advantage of cloud-based technology in various ways. In fact, according to a recent report published by KPMG, the expansion of cloud-based technology in the workplace has grown by leaps and bounds in just two years. The report was generated based on a survey of more than 500 business leaders from a wide range of business sectors, including healthcare, retail, financial services and others. There are many benefits associated with the implementation of this technology in the workplace.
Why is There a Shift to Cloud-based Technology?
There are many reasons why businesses today are shifting their technological applications to cloud-based technology. In many cases, there are multiple reasons why businesses start using cloud-based technology rather than just one. According to the recent report published by KPMG, almost half of the businesses surveyed made the shift in an effort to save money on various services that were being used. This was an increase in the number of companies that made the same change just a year before in a previous survey. Some respondents in the survey mentioned that they were completing a widespread change in their technological applications, and the move to cloud-based technology was just one of several changes that were being completed.
How Cloud-based Technology Enables a Mobile Workforce
Another key reason why businesses are making the shift to cloud-based technology is because this type of technology enables workers to have greater mobility and flexibility. By placing files and entire networks in the cloud, workers can essentially work from any location where they have Internet access. They can utilize mobile devices or can log into work systems using hard-wired Internet connections in other locations. From better servicing customers while on work sites to promoting productivity while workers are away from the office or traveling for business, this type of technology has far-reaching effects and a beneficial impact on businesses.
The Financial Benefits Associated With Using Cloud-based Technology
Enabling workers to enjoy greater mobility with their work efforts by giving them remote access to the technology they need to complete their tasks can boost productivity considerably. The fact is that increased productivity lends itself to greater cost efficiency. Workers can get more work done in less time, which results in cost savings.
More than that, companies that utilize this type of mobile technology are able to better serve their customers, and increased client and customer satisfaction ratings can lead to improved profits over time. Of those companies that were surveyed, those who work in the retail industry have reported that this type of technology has been instrumental in helping them to improve interactions with customers. It also can promote better efficiency with business partners, vendors and suppliers.
The Expectations of Today’s Consumers
Many consumers today have enjoyed the benefits of working with companies that utilize cloud-based technology. Some have been waited on in restaurants by venues that use cloud-based systems to take orders and to accept payments right at the table. Others have worked with home service providers who have accepted credit card payments and processed invoices digitally using remote technology right in their homes.
These are only a few of the many ways that cloud-based technology is currently being used in today’s business environment, and the fact is that there are now more applications than ever before. Because of this, many of today’s consumers have higher expectations than their counterparts from just a few years ago. While some have reported being more satisfied with the level and speed of service provided by companies that use this type of technology, the fact is that others have grown to almost expect it. Those companies that have not already embraced this technology may be seen as being passe and outdated now.
Why Some Are Timid About Making the Change
While many companies have already made the leap and have started to utilize cloud-based technology in the workplace, other businesses have been less eager to move forward with the implementation of this type of technology. One of the most significant concerns related to cloud-based technology relates to security. In fact, approximately half of those surveyed stated that they were concerned about intellectual property theft, data loss and privacy issues. While this is a high figure, it is significantly lower than the results from just two years ago. Two years ago, 83 percent of respondents said they had these same concerns.
There is a growing trend in most business sectors today to make better use of cloud-based technology. While some are currently in the process of implementing this type of technology, others are making plans to start using this technology in their business activities soon. In addition to the use of today’s current technology, the fact is that mobile or cloud-based technology continues to evolve and to become more beneficial. This means that there is additional benefit to companies that have future plans to embrace technology and to give their workforce access to this type of improved technology.
On the topic of change and cloud technology, are you doing 1099 e-file for your clients’ tax forms? If you’re filing the tax forms online, are you sure that your software or platform is as secure as possible? This last year alone, several big name financial sector businesses were hacked.
This year, for complete security and peace of mind, I chose to file 1099 online for clients using new service called eFile4Biz.com. They are a leader in the e-file industry and take client data security very seriously. They also cut my workload by roughly 60% by printing and delivering the tax forms to my clients’ recipients as well. This choice alone will free me up to add some more clients because I am no longer burdened by sending out tax forms on my own. Check out their video. It may save you some time and hassle in your tax prep season.