Algo rhythm: Small and medium-sized businesses path to cloud

Small and medium-sized businesses (SMBs) make up a huge part of the economy, but SMBs face unique challenges when it comes to running their business and selecting technology solutions. 

The Covid-19 pandemic forced businesses to adapt and rethink how they operated, which included a reassessment of their technology infrastructure and use of cloud services. 

They, however, also face unique challenges when it comes to selecting technology solutions as a survey by DigitalOcean, along with research agency AspenFinn, shows:

KEY FINDINGS

27% of traditional SMBs, 31% of tech-focused SMBs, and 24% of enterprises list pandemic recovery as their biggest challenge

Cloud adoption:

83% of enterprise businesses say cloud solutions have helped their business recover from Covid-19

69% of tech-focused SMBs agree with the findings

54% of traditional SMBs believe cloud solutions have aided their recovery

52% of traditional SMBs consider themselves a cloud native business compared to 
71% of tech-focused SMBs and 86% of enterprises