SMEs shun cloud computing

Nearly 60% of SMEs have yet to begin using cloud computing services. It’s important that they do.

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Nearly 60% of small and medium-sized enterprises (SMEs) have yet to begin using cloud computing services (where software and other technology is accessed online rather than installed on company premises), according to research by financial-services group Close Brothers. One problem is a lack of understanding: 73% of senior decision makers at SMEs said they did not know enough about what cloud computing entails. Security is also an issue: 36% feared they could not trust cloud solutions.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.