In today’s ever-changing business environment, it’s essential that employees at all levels have access to the information they need, when they need it. Whether employees are on their computers, tablets or mobile phones, they need access to the information and resources that will enable them to make important business decisions in real-time and complete tasks efficiently, wherever they are. This is the type of access that only cloud-based business tools can provide.

In addition to ease of access, cloud-based tools help businesses do more with less. They help reduce costs, allow for flexibility and scalability as a business grows, and enable automation, removing the need to invest in IT support to keep information updated and maintained. There has never been a better time than now to take advantage of the cloud. This is because the cloud is becoming a data warehouse on its own and much of the new data being created is generated online and processed through the cloud, making it easier for cloud-based tools to communicate, resulting in more business benefits.

Often newer businesses are more likely to adopt innovative cloud-based technologies than older companies, such as banks and insurance companies. In older companies, the marketing or sales departments will frequently be the first to adopt cloud-based tools due to the need for the teams to be able to work on the go, before wider adoption takes place. Companies are usually less afraid to adopt cloud-based tools when they have a chance to start small, for example, by using cloud-based resources like Google Docs. Once they get their feet wet and realize the benefits that cloud-based services offer, they become more willing to quickly adopt more cloud-based tools. For example, by enlisting a pure cloud business intelligence software as a service like BIME Analytics that can process large amounts of siloed data and draw out valuable business insights.

The mistake of failing to benefit from the use of cloud-based tools is surprisingly common among businesses. Sometimes it’s due to a lack of knowledge of the technology available and other times it’s because companies are too anxious to try it. While there are possible risks with cloud-based software, there are also plenty of risks in the on-premise world. For example, an employee could accidently leave the office with a USB key holding valuable company information or a computer could be stolen. ‘Zero risk’ when it comes to technology in the workplace doesn’t exist.

In conclusion, there may always be on-premise and cloud-based business tools on offer. However, cloud technology is being rapidly adopted by modern businesses that want the best chance of success in this new cloud-first, mobile-first world.

Read more: Ways Cloud Will Matter the Most in Future