Around a third of small businesses have adopted cloud platforms – such as Microsoft Office 365 – to provide them with the same computing power as larger companies, according to a recent Microsoft survey.
The study – commissioned by Microsoft for National Small Business Week – also highlighted that around 60% of small businesses attribute increased revenue to technology and another 60% feel technology allows them to compete with larger companies.
However, although many small businesses recognise the value of IT investments, around 10% are still unfamiliar with cloud technology.
Nearly 30% of respondents primarily use filing cabinets and folders to manage their content, while 12% indicated do not have a good solution for collecting, storing and sharing content.
Around two thirds of respondents attributed this to concerns about costs associated with maintaining and upgrading the necessary technology, while around a quarter have concerns regarding security. In addition, 16% need the ability to access content from multiple devices in any location.
Microsoft held a roundtable to discuss how small businesses can successfully implement technology on 16 May 2014.
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