When opening a business that will have significant technological investment, one of the first questions a business owner will need to determine is, will this business require on-premise computing or cloud-based computing? The answer boils down to several factors, including which team members need to access which data, as well the type of protection required for sensitive proprietary data. You have to figure out how many users have access to data, as well as whether you can afford the physical hardware required to keep your computing operations in-house.
As with physical inventory or human resources, there are costs associated with acquiring and utilizing technology. For new companies, it's important to set the tone early by investing in tools that set the course for operational success.
