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Cloud adoption lags among Canadian SMBs, study says

Even as cloud adoption rates increase around the world, not every company fully understands what the technology is capable of and how it can improve operational efficiency. According to a recent study by the BMO Financial Group, roughly 50 percent of Canadian business owners said they were unsure of what the cloud is, while only 10 percent of respondents said they had plans to implement complex cloud servers.

The remaining 40 percent of survey participants said they had no immediate plans to deploy the cloud, the study reported.

"At BMO, we continually advise small business owners to keep abreast of new ideas and developments that have the potential to be cost- and time-effective solutions for their businesses," said Cathy Pin, the vice president of commercial banking at BMO Bank of Montreal. "Cloud computing provides small businesses with access to platforms and enterprise solutions once reserved solely for big businesses."

According to a recent study by Microsoft, the number of small and medium-sized businesses using at least one cloud service will triple by 2015. As the benefits of the cloud become more widely understood, more SMBs will deploy the technology to level the playing field with larger corporations.

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