Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Many companies are taking advantage of new technology to cut costs and enable their organizations to do things faster and better. If any of your business communications systems need to be replaced or upgraded, going virtual and getting them from the cloud can help conserve capital, reduce operating expenses, boost productivity, and mitigate risk. Here are some examples:
1. Hosted telephone systems provide robust features that can boost productivity without the need for capital. Many services can also lower your voice and data spending as well.
2. If you are looking to update your current e-mail, you can most likely do it faster, better, and cheaper with hosted solutions such as Hosted Microsoft Exchange without the need for additional IT staff, training, or capital for software and servers.
3. Customer Relationship Management software can be virtualized, too. There are many options—both general and industry specific—that enable you to "rent" your back office, rather than purchasing complex software and hardware to run it.
4. Throw away your backup tapes and the problems they create. A cost-effective solution is to have your IT staff back up your data remotely.
5. Already an option for larger companies, smaller businesses are now virtualizing their data centers to increase network performance and reduce costs.
Benefits from the above services are real. In addition to those already mentioned, you can also cut your power, cooling, and real estate bills, get greener, and increase application security, scalability, and stability.
COO and General Manager
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.