Greater Business Competitiveness 

New research carried out by Harvard Business Review Analytic Services reported that 74% of businesses feel like cloud computing has given them a competitive advantage. The main reason that these companies felt like they gained this advantage is that the cloud enabled them to “capitalize on opportunities more quickly” than competitors.

The cloud allows companies to develop a speed and agility that directly affects its ability to develop products and respond to customer needs. In other words, the cloud acts as a facilitator to enable a company to bring products to market faster. It means that small companies can effectively compete with large companies.

Related Article: How to Increase Business Agility with Cloud Technology