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Maintaining an IT department and a powerful infrastructure capable of storing large amounts of data can be expensive for a small business. However, cloud computing may be able to offer relief to smaller businesses for a fraction of the cost, according to International Business Times.

The cloud offers off-site data storage, which can help small businesses cut back on IT spending by reducing their need for in-home IT departments. This allows businesses to save money that would normally be invested in expensive servers and other equipment that would otherwise be necessary to keep data stored in a secure environment, the news source reported.

Additionally, cloud computing allows organizations to pay for data storage as they use it, rather than upfront. By only paying for the space it needs, an organization may be able to save money in the long run, according to the news source.

According to Intuit, a small business can also use cloud computing for website hosting, accounting and billing systems, as well as project management services. By migrating to the cloud, small businesses can improve productivity while saving money.