BY POPOOLA KAZEEM
Advancements
in cloud technology have greatly altered the face of businesses over time.
Advent of a third party storage system which has proven to be cost efficient
and highly time saving has continuously increased the pressures on businesses. Explicitly
speaking, the pressures on these businesses are not only from other competing businesses
but are more from outside of the business circles. Technological advancement
has led to evolution and development of a number of business-enhancing
applications and softwares which have significantly caused a reduction in
dependence on business owners for basic transactions.
Consumers are now sources
of pressures for business owners who must rapidly respond to demands from their
high value clients while also keeping close tab on small businesses trying to
grab their shares of the declining markets. Amidst these mounting challenges
lie a segment of consumers who have embraced the latest technological
advancements involving the use of cloud technology to perform basic tasks
independently which hitherto they could not handle.
Instances include
situations whereby cloud storage technology has reduced dependence on storage
media such as flash drives, hard disks since files and other data on cloud
storage can be accessed from any point thereby solving the tasks of carrying
these storage media everywhere. Improved access to internet over the years especially
in developing countries has also contributed to an increase in the popularity
of cloud technology which ultimately impacts negatively on businesses.
It
is imperative to state that business owners must quickly make use of the vast
opportunities provided by cloud technology if they are to remain relevant since
cloud technology is dictating the pace for innovations and progressions in
businesses.
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