Small businesses were traditionally among the slowest to adopt and use the most cutting-edge technology available, and this was often caused by budgetary restraints and lack of in-house knowledge related to management, configuration and technical demands. However, the sharing economy that has been shaped by as-a-Service solutions such as cloud computing and mobility have helped entrepreneurs completely modernize their IT arrangements at a much lower cost than ever before possible.
When the Great Recession struck, one of the first indications of a business that would be steadfast in the face of financial adversity was its ability to change and maximize efficiency. As necessity is the mother of invention, and demand for that matter, cloud computing and other tools were quickly viewed as the best way to remain competitive without putting too much strain on the budget. This remains true today, and has been evidenced by the explosion of cloud computing utilization among entrepreneurial firms.
Now, with a return in small business lending, commercial real estate volumes, bank confidence and entrepreneurial wellness, these same pieces of technology can be used to excel in the market, rather than simply surviving through a severe economic downturn. When entrepreneurs think outside of the box and procure the solutions that can most effectively improve their operational performances, the sky is the limit for innovation and revenue growth.
One of the most important trends in corporate computing throughout the past several years has been the increasing attention placed on enterprise mobility. BYOD comes with several benefits that are specifically apparent among smaller businesses with tighter budgets, such as increased employee engagement along with fewer corporate expenditures on gadgets and other investments by way of hardware.
International Data Corporation estimated that tablet sales have grown worldwide by 11 percent in the past year, and that mobile devices are generally outpacing revenue performances for personal computers. The authors of the report stated that shipments have breached 49.3 million units in that same time frame.
"As we indicated last quarter, the market is still being impacted by the rise of large-screen smartphones and longer than anticipated ownership cycles," said Jean Philippe Bouchard, IDC Research Director for Tablets. "We can also attribute the market deceleration to slow commercial adoption of tablets. Despite this trend, we believe that stronger commercial demand for tablets in the second half of 2014 will help the market grow and that we will see more enterprise-specific offerings, as illustrated by the Apple and IBM partnership, come to market."
Small business owners should try to tackle this trend head on by proactively developing strategies to manage and optimize these devices, as they are far different from traditional personal computers.
Get to the cloud
Cloud computing is maybe the most important technology for small business owners, as it acts as a facilitator for virtually every other major trend in the IT arena. From mobility and the Internet of Things to big data and beyond, the cloud enables small businesses to have massive capabilities at a lower cost, all the while modernizing their management frameworks and ensuring that oversight is centralized when employees are working from remote locations.
Additionally, the cloud can come with brand-management benefits, as customers are increasingly looking for companies that can offer services and support through the Internet.
Small business owners who need commercial loans to get moving on their technology provisioning strategies should consider applying with Ocean Capital, a regional lender that specializes in entrepreneurial lending. Ocean Capital offers a variety of loan programs to ensure each applicant gets the product best-suited to their specific needs.