TORONTO, ONTARIO — (Marketwire) — 04/09/12 — BMO Financial Group released today the results of a recent BMO study asking Canadian business owners about their knowledge and appetite for cloud computing. The study conducted by Leger Marketing found that:
While not an entirely new IT service model, cloud computing is a rapidly growing information technology trend, marketed as the provision by a third-party of shared software, data storage and computing capacity through a web-based server.
“At BMO, we continually advise small business owners to keep abreast of new ideas and developments that have the potential to be cost- and time-effective solutions for their businesses. Cloud computing provides small businesses with access to platforms and enterprise solutions once reserved solely for big businesses,” said Cathy Pin, Vice President, Commercial Banking, BMO Bank of Montreal.
“The advantage of cloud computing for business owners is that it can help avoid major capital expenditures on hardware, software and other services, with their businesses paying only for what they use.” explained Bal Sahjpaul, Director, eChannel, BMO Financial Group. “This service model can also lower overall IT costs, while giving businesses access to valuable analytics, productivity and collaboration tools.”
BMO Financial Group offers the following four tips for businesses thinking of “hopping onto the cloud”:
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
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