A cloud based solution refers to on-demand services, computer networks, storage, applications or resources accessed via the internet and through another provider’s shared cloud computing infrastructure. The benefits of cloud based solutions to end users and businesses include increased capacity, scalability, functionality, and reduced maintenance and cost for computer infrastructure or in-house staff. Additionally, cloud-based solutions can enable companies to focus on revenue driving initiatives rather than time-consuming, non-core business tasks. Cloud computer pricing models are categorized by servers in the cloud, sites/applications in the cloud, and storage in the cloud and the majority of cloud providers tend to offer “pay-as-you-go” subscription based models which enable companies closely manage costs as well as scale up and down as needed.
The ability to access cloud-based solutions from anywhere with an internet connection paired with the widespread adoption of smartphones and faster mobile networks have given users the ability to access cloud-based solutions from anywhere and anytime. As the adoption rate of cloud-based solutions continue to rise in small to medium sized businesses, the price points have become affordable to SMBs. For example, a SaaS-based employee scheduling and time attendance solution such as Deputy.com ranges from $1-$2 per employee user per month with no lock-ins, annual commitment (making it easy for companies with hourly employees to save time and focus on growing their business without worrying about the back end.