Thanks to the miracle of high-speed Internet, many small business IT and telecom solutions don’t have to live on-site with your company. Instead, you simply store and access them via the “cloud.” (Of course, “cloud” is a metaphor—we’re talking about storage and access via an external server, not some mythical digital “cloud.”)
Businesses are quickly catching on to the wonder of cloud computing, taking it to new heights (pun intended). According to Forbes, companies currently spend four times more on cloud solutions than they spend on other IT. At a predicted growth rate of 19 percent per year, cloud computing will likely grow to a $162 billion industry by 2020.