There is no denying that cloud-based services have proliferated the market in a way some of its detractors thought would not be possible and while, there are still some doubters that number is slowly diminishing. A recent study by IDC states, in part, “the growing focus on cloud services as a business innovation platform will help to drive spending on public IT cloud services to new levels throughout the forecast period. By 2017, IDC expects public IT cloud services will drive 17% of IT product spending and nearly half of all growth across five technology categories: applications, system infrastructure software, platform as a service (PaaS), servers, and basic storage. Software as a service (SaaS) will remain the largest public IT cloud services category throughout the forecast, capturing 59.7% of revenues in 2017. The fastest growing categories will be PaaS and Infrastructure as a service (IaaS), with CAGRs of 29.7% and 27.2%, respectively.”

Just a few years ago some businesses were a little wary cloud-based solutions and how it could positively impact their organizations. However, most recently, many of those same businesses have come to the realization that, in addition, to cost savings, the adopting of a cloud-based solution also brings with it innovation and scalability.

Now does this mean companies will run en masse and deploy a cloud-based time and attendance system? Probably not, however, the growing number of requests we receive on a daily basis about ATS cloud-based workforce management solution lends credence to cloud technology’s popularity. And, the feedback we have been receiving from some of our current customers-who were previously using a paper-based or some antiquated punch clock system solidifies that an ATS software-as-a-service is the wave of the future.

So why now and more importantly, what’s driving the demand for cloud technology? Among other things, today’s companies want to reduce the total cost of ownership (TCO) of a time and attendance system and, have access to a broad range of powerful benefits, with an eye on gaining a competitive advantage in an ever changing global economy. To learn more, you can download a demonstration.