Larry Ellison, the CEO of Oracle, dismisses cloud computing as merely the latest fashion in the computer industry. I suppose he also dismisses that more than one-in-five IT decision makers have deployed over half of their total applications to the cloud, according to the Cisco Global Cloud Networking Survey. Regardless of any debate, cloud computing adoption rates are on the rise. According CDW LLC’s 2013 State of the Cloud Report, 39% of organizations either already utilize cloud computing solutions or are currently implementing them. This number is up from 28% in 2011.
Maybe somewhat surprisingly, cloud computing is a very attractive option for business accounting software. Accounting software takes up a significant amount of hard drive space, especially for small and medium-sized businesses. Cloud computing solves this problem by putting the majority of files and data on a separate server. This frees up hard drive space for individual desktop computers and saves money that might have been spent on additional storage equipment.