Cloud computing must remain at the centre of business strategies to combat the challenges associated with rising costs.
SMEs often point to IT as a major capital expense in their businesses but it is possible to reduce the financial burden without cutting down on innovative technology.
Investing in cloud computing technology – where software and hardware is pooled centrally and made available over the internet – will enable small and medium-sized businesses across the UK to reduce costs and enhance efficiencies.
The Office for National Statistics released figures showing that the CPI measure of inflation eased to 2.5 per cent yet the Insolvency Service published figures showing that the number of businesses going into receivership and administration rose by 1.5 per cent.
This outlook gives a mixed picture of the UK economic landscape however, one thing which is certain is that thousands of small businesses across the UK can avoid falling into administration by using innovative technology to reduce start-up costs and avoid bankruptcy.
Leave a Reply