As businesses enter the first quarter of 2018 all the focus is on how organisations can use technology to stay competitive and achieve their 2018 business goals. One of the main areas where exponential growth is expected is in the growth of cloud computing, which has expanded rapidly in the recent past and has been adopted by many industries including accounting.
In cloud technology applications run on servers enabling businesses to access their data online whenever and wherever the information is required. This has lead to the growth of Software as a Service (SaaS) where third-party providers host applications and make them available to customers over the Internet.
Whereas in the past, software would generally be purchased outright and loaded onto a device, SaaS is a software licensing and delivery model where software is licensed on a subscription basis and is typically accessed by users using a web browser.
SaaS has brought significant benefits to businesses in all sectors. These include:
Cloud computing provides businesses with increased data storage capacity and enhanced security. Data storage in the cloud is unlimited and grows as a client’s business grows. In addition, because no data exists locally, it’s securely protected from device theft or damage relating to a natural disaster like an office fire. The growth of cloud storage is expected increase rapidly to an estimated storage size of 1.1 ZB according to a recent Cisco survey.
As the storage size increases, so too do the opportunities for innovative businesses, who use the increased space to store large data sets, perform increased analytics on the data and gather valuable insights relating to strategic financial investments and customer behaviour.
It is expected that in 2018 the Internet of Things (IoT) will transform into the IoE due to continuous innovation in real-time data analytics and cloud computing. IoE will rely on cloud computing to house the complex systems aimed at simplifying all interactions – from enabling humans to interact intelligently with machines and services to enhancing human-to-human communications. The basis for IoE will be cloud-based data, which can be used in a myriad of ways from simplifying human experiences using smart robots to anticipating services in real time.
At GGD accounting and business solutions, we understand that every business has different needs and requirements. As experts in Xero Accounting Services, we are able to offer the very latest cloud computing SaaS advantages, providing our clients with high-quality, scalable, real-time service that enables them to become more productive and efficient. As a Sage Platinum Business Partner, we are able to offer businesses the option of Sage’s latest on-premise software or leading payroll and accounting solutions in the cloud with Sage One.
Our years of financial experience mean we don’t just provide clients with software, we also offer experienced consulting services that include software installation, training and on-going support. As with all our financial services, our aim is to streamline your company’s financial processes in order to grow your business and maximise returns.