SMALL BUSINESS GROWTH | 3 minute read
SMALL BUSINESS GROWTH | 3 minute read
Although you’ve probably come across the term, you might still be wondering, “What exactly is ‘the Cloud’?” Simply put, the Cloud is a network that allows you to store and manage data, files, and software on 3rd party servers without the need to buy and maintain expensive hardware. For every business, utilizing Cloud-based technology equals lower operational costs, greater efficiency, and more streamlined workflows.
Cloud manufacturing takes the core tenet of Cloud technology – easy-to-use, online self-service software – and applies it to manufacturing services such as the ability to upload design specifications and centrally manage projects with state-of-the art prototyping features.
Cloud-based manufacturing eliminates the delays, errors, and frustrations common in the traditional email-and-wait experience – which explains why Cloud-based manufacturing platforms are seeing a sharp increase in adoption worldwide.
According to IDC, manufacturers’ global spending on Cloud computing platforms is predicted to reach $4.2 billion this year attaining a 23% growth rate in 2018, and increasing to $5.18 billion next year. What’s more, according to Statista, global spending on Cloud Enterprise Resource Planning (ERP) software is predicted to increase from $19.1 billion in 2017 to $28.8 billion in 2028.
In our latest eBook, we’ll take you through the key principles of Cloud manufacturing for small-to-medium-sized businesses (SMBs), and the benefits you can expect to see from moving your manufacturing processes online.
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A Bill of Materials (BOM) is a list of all materials required to produce a product showing the quantity of each required. Here’s how to compile your own as a manufacturer. Read more
A recent study found that outsourced manufacturing has a negative impact on a company’s profitability and productivity. Here’s why you should consider going in-house instead. Read more
Lost hours = lost opportunities. Learn ways to optimize your production, so you can find the time to grow your business. Read more
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Download our latest guide to learn the key principles and benefits of Cloud manufacturing today.
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