In a new study commissioned by Microsoft and performed by Freeform Dynamics Ltd. finds that IT support companies enable better business productivity and efficiency, and those small businesses that use hosted services perform better financially than other small business that do not. Despite the global recession, most small and medium businesses surveyed in 2010 reported an increase in revenue over the year 2008.
Those companies that reported growth view technology as critical to their business success. In fact, over 55% of those surveyed say that IT is critical, up from 35% in 2008. And of the companies that embrace IT, 60 percent saw revenues grow over the last 12 months.
What does this say about technology and its implications for business success?
Specifically, this study indicates that small businesses are beginning to see the real benefits and value of cloud computing, with over 40% saying they use hosted technology of some sort. Over one half of those using cloud computer stated they have increased revenues by 30% or more, in contrast to 90 percent of respondents not using hosted technology that saw decreases in revenue.
The research director for the report, Dale Vile, stated: “Our assessment of the report tells us that an increased focus on IT correlates with good performance in all the size categories surveyed. The whole picture corroborates the notion that technology and hosted services can provide tangible business advantage, even for smaller companies, and it’s not surprising to see that investment in IT and hosting go hand in hand with good financial performance.”
Overall, the report describes the advantages of hosted or cloud technology:
- Reduced Costs
- Reduced IT Maintenance
- Increased business value
- Increased productivity
- Increased competitiveness
Here at Sky Technology, we drink our own medicine.
We are using our own cutting edge hosted solutions to manage and grow our business. Also, we have numerous successful, local (and a few national) businesses that are saving significant money, increasing productivity, and generally becoming an updated efficient model of business 2010 style.
Our economy has changed, what are you doing to adapt?
Not sure? Need guidance? Let us at Sky Technology help you equip your business for success. 630-960-9200
