When it comes to storing records and other information, small businesses need to consider both the amount of security they require and the associated costs. With the availability of a variety of cloud-based storage services, organizations of all sizes can choose the most cost-effective options suited to their needs.

For example, Forbes points out that small businesses can save both time and money by utilizing cloud storage that relies on just a Wi-Fi connection, rather than having employees download and set up traditional VPN to ensure secure remote access.

Cloud storage services can help your small business grow
While physical storage of digitized documents and other files is always recommended for added security in the 21st century, small businesses can benefit from cloud storage because it does not require extended amounts of time to copy files. Cloud storage also ensures accessibility on multiple devices at once and allows for group access through sharing features, according to Digital Trends.

Businesses are increasing their use of cloud storage – according to Forbes, 77% of enterprises have at least one application or piece of their network infrastructure in "the cloud". Another benefit of cloud storage that Forbes reported in 2018 was the main driving factor for businesses' adoption of the technology is the fact that it allows for faster IT service delivery after request. 76% of enterprises polled by Reuters listed accelerated IT service delivery as a reason for making the switch to cloud services from older methods.

Use cloud storage services according to your budget
A recent Small Business Trends article points out that while cloud storage can benefit small and mid-sized businesses, it should only be used when and if needed to avoid paying for a service that is not required.

For example, small businesses with lower numbers of employees should purchase the smallest cloud storage service options available, rather than business accounts which typically offer more space than is needed for the price. Other considerations include the purchase of lifelong storage accounts instead of those based on recurring payments, according to the source.