Technology is an essential ingredient for fueling innovation and offers an advantage to transforming your business. But when was the last time that you not only assessed the tech gear, software, and services you are currently using but also looked to see what new components you should add to your computing infrastructure?

With 2014 soon coming to a close, now is a good time to assess what tech changes you need to make for next year. Here are five technologies to include in that review, each with the ability to potentially transform your business.

1. Cloud Computing. 

The cloud provides a way for SMBs to increase business agility and introduce capabilities that would have been cost- or time-prohibitive to deploy on traditional technology, according to SMB market researcher Techaisle. Cloud computing allows your company to deploy IT infrastructure as a service, typically with a “pay as you go” model that makes it easy to manage costs while adding or dialing down computing resources as needed. It’s designed for fast deployment so your firm can get applications up and running quickly – helping you focus on your business instead of computing infrastructure.

2. Mobility.

Mobile technology is ubiquitous. Mobility today means more devices (smartphones, tablets and laptops), more locations (working in an office, home, coffee shop, and more), and more apps that improve productivity, collaboration, and your overall business. And mobility is paying off with 70 percent of firms saying it’s improving customer service, according to the most recent Sage U.S. SMB Survey on Mobile Devices. Creating a mobile-optimized website needs to be on your must-do list as customers increasingly expect mobile-friendly sites as they research information and conduct ecommerce transactions.

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