Top tips

While the Cloud has been has helped to change businesses in recent years, Reed points out that there are still concerns around security of business data in the Cloud,

"They are understandable when they come from fear of the unknown, and research into the credibility of cloud providers is essential," he said.

He adds there is "plenty of helpful information, resources and support" to help people make more informed business decisions, and as technologies becomes even more commonplace, this is expected only to increase.

Some of MYOB's tips for SMBs in regards to Cloud computing consists of researching trustworthy Cloud service providers, and reviewing benefits and considerations of different Cloud models.