It should come as no surprise that many small to midsize business owners take pride in overseeing every aspect of their startup business. Naturally, many are apprehensive when it comes to surrendering control of their servers, their data, and their applications.

It’s a fast-paced world. Not only do people want things, they want things right now. This sometimes-unnerving need for instant satisfaction has only intensified now that we have Wi-Fi and mobile devices that keep us connected regardless of where we are, what we’re doing, or the time of day. There is no longer any tolerance whatsoever for waiting. A business with a website that fails to load, or loads too slowly, will lose customers and leads to competitors.

You use the cloud and don’t even know it. Do you go to Amazon and create a wish list? Do you have an email account on Yahoo? That is cloud computing. All your emails are stored on Yahoo servers somewhere. They are on physical servers, of course, but they aren’t on your laptop. The advantage is that when you spill your coffee onto the laptop keyboard, you haven’t lost all your emails even if you never backed up your hard drive. ( If you haven’t, shame on you, by the way.)

There has been a lot of hype about cloud computing transforming the way small-to-medium sized businesses do business. Proponents of the cloud say that cloud computing has leveled the playing field, allowing SMBs to finally compete with bigger companies despite their limited financial resources and staffing.

A recent article by The Guardian (UK) states that the cloud industry is set to see a growth of around 30% soon. But many small and medium business owners are still struggling to make sense of the cloud and how it can benefit them. If you are one of them, then here’s what’s in store for you when you migrate to the cloud

2013 was the year the healthcare industry embraced cloud computing thanks to modifications to the HIPAA Privacy, Security, Enforcement and Breach Rules. With these modifications extending the definition of a Business Associated (BA) to cloud service providers, many of the data breach concerns that had previously kept the healthcare sector from taking to the cloud have been quieted.

Despite the fact that the new HIPAA Business Associate Agreement (BAA) regulations went into effect in 2013, many healthcare organizations are still encountering the occasional cloud service provider who refuses to sign a BAA. Although they may have a logical explanation, any refusal to sign a BAA should be seen as a red flag.

The cloud refers to using off site computing resources and storage to supplement or even replace the use of on-site/in-house resources. Instead of buying hardware and software to support your business, you are basically outsourcing this set of tasks.

Recently, we talked about ways the cloud brings value, business protection, and economies of scale to the smaller firm that they could never achieve by themselves. Today, we look at a final benefit of the cloud.

Many small firms are pretty busy handling their own business, and don’t give much thought to what they would do if a natural disaster from a bad snowstorm to much worse hit their physical location and cut power, or physical access to the building. What if the equipment storing all of your data and software needed to run day to day operations became inaccessible? What would happen to your ability to continue to serve your clients or customers?