02/28/18

The Future of Cloud Storage for Small Business

Microsoft recently announced that they’ll be giving away free cloud storage to users of Box, Dropbox, and Alphabet’s Google Drive as a reward for converting to Microsoft OneDrive for Business. Those who make the switch won’t pay anything until their current contract expires. The offer is set to run for 5 months and is an attempt by Microsoft to increase their share of a growing market.

In fact, business cloud storage integration has grown 37% since 2016. Currently, 63% of small businesses use cloud storage. Of those users, 81% pay for their cloud storage. Increased reliance on cloud storage has left many late-adopters wondering what all the fuss is about.

For many small businesses, cloud storage is the cheapest data storage solution with the most available features. In fact, 35% of small organizations who use cloud services say that features or capabilities influenced their decision to invest. The most commonly sought-after features include:

While basic storage capabilities have led purchasing decisions in the past, the draw of cloud storage is likely to change in the future. “Cloud adopters some years ago used the cloud only to provide increased availability to the information or as a backup mechanism when their data center failed. Now, cloud storage is beginning to focus on capabilities,” said Sebastian Velez Ruiz, Director of Engineering at PSL.

Ruiz explains that the next phase of cloud storage adoption is “leveraging cloud services to increase the value of data – for instance, massively processing information through big data techniques or connecting with machine learning services from cloud vendors in order to get new insights.”

Cloud companies continue to innovate the possibilities of their storage platform by increasing security and capabilities. As these innovations continue, more businesses will recognize the benefits of cloud storage. If adoption continues to rise in positive correlation with innovation, cloud storage could become a staple of every small business across America.

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About the author

Andrew Mosteller
Andrew Mosteller
Andrew Mosteller is a freelance writer and regular contributor to Lendio News. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Andrew's father, an equity fund manager, taught him the ins and outs of investment financing. Now, Andrew spends his time writing copy for business owners, helping them expand and advertise their unique brands. He's also studying Strategic Communications at the University of Utah. When Andrew's fingers aren't glued to the keyboard, he spends his time reading, podcasting, composing music, and bombing down the ski slopes.

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